![]() ![]() During June, July and August, all residential and commercial appraisers will shift their focus to inspecting all new construction and additions to buildings throughout the county. Our commercial appraisers work in all parts of the county every year, visiting one-sixth of the business properties in each part of the county annually. If they have a question, they may knock on your door or leave a card requesting a call. This year our residential appraisers are visiting every home in the far south and east portions of the county, including Roy, McKenna, Alder, Elbe, Ashford, Eatonville, Orting, Carbonado, Wilkeson, South Prairie and Buckley. ![]() Their goal is to confirm our records, note any changes in condition of buildings, views, etc. It’s no small job, because there are over 325,000 parcels and only 30 appraisers. Once every six years, an appraiser from the Pierce County Assessor-Treasurer’s office is required by State Law to inspect every parcel of real estate in the county. Pierce County 2022 Residential Property ValuesĪppraisers Visit Every Property in Pierce County to Keep Taxable Values Fair and Equitable The appeal must be filed no later than August 23, 2022, providing evidence that comparable properties have sold recently at a lower amount. Retail, restaurants and office space each went up around five percent, while apartment buildings and warehouses both showed another year of double-digit increases, due to continuing demand for affordable housing and online ordering/distribution.Īny property owner who believes the Assessor-Treasurer has over-valued their property may appeal to the Pierce County Board of Equalization at no cost. “By contrast Edgewood’s increase was the lowest at 12.9 percent, or $69,000, for an average 2022 residential value of $604,000.”Īs COVID-19 restrictions eased, most commercial properties showed slight value increases, with the exception of hotels which remained unchanged. “The 18.4 percent increase in Tacoma was near the County average, bringing the typical Tacoma residence to $493,000, an increase of $77,000,” Lonergan explained. While home values are all up sharply, the change varies in different communities, based on actual sales of similar properties. “So a lot depends on public votes in your local districts, such as levy lid lifts and bond issues.” “Your property tax in 2023 will be the new 2022 value multiplied by the combined tax rates of your school district, city, fire district and so forth, added to the statewide school levy that everyone pays,” Lonergan explained. “It’s a math equation,” he said,” and when values are rising, the legal limits on each taxing district will reduce their tax rates per thousand dollars of value.” Lonergan cautioned homeowners not to jump to the conclusion that a large increase in value will result in a large tax increase, because state law limits the amount taxes can go up without a vote of the people. Overall, residential properties went up over 19 percent this year, compared to 16 percent in 2021, due to a continued hot real estate market. “Home values in all parts of our County continue to increase dramatically, typically by a startling countywide average of around $80,000 each in the past year,” said Mike Lonergan, Pierce County Assessor-Treasurer. The latest assessed values for residential and commercial properties throughout Pierce County are in the mail to taxpayers and posted on the Assessor-Treasurer’s website. All Rights Reserved.Īll information provided is deemed reliable, but is not guaranteed and should be independently verified.Residential Property Values Take Another Big Jump © Copyright 2022 Commercial Brokers Association. Buyer and broker to verify all information. ![]() Located between Orting and South Prairie, just off Hwy 162. Bill's Fishin' Hole (formerly the Troutlodge U-Fish) is a family-friendly facility designed for group functions and to give kids and adults alike the opportunity to catch the finest Rainbow trout. One parcel has power and septic perfect opportunity to bring in or build a home for owner/caretaker to live on site. ![]()
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