Transfer Of TitleTaxesMEDIUM
Washington property taxes are based on:
Correct Answer
B) Assessed value at 100% of market value
Washington assesses property at 100% of market value, with various levy rates applied by taxing districts.
Answer Options
A
Purchase priceB
Assessed value at 100% of market valueC
Square footageD
Income generatedVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
property-assessment-processproperty-tax-calculationmarket-value-determination
Key Terms:
property tax assessment100% market valueRCW 84.40.030Washington assessed valuead valorem tax
Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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