Property Taxes: Residents are Paying At Least FOUR TIMES More Than Businesses (Spokane: 2013)

[halmhana]

– A preliminary study by the Datanators shows that property taxes on apartments and houses went up by 28% between 2013 and 2018.
– What hotels and banks paid during the same period only increased by 6% and 7%, respectively.
– Moreover, malls are paying 3% less in property taxes than they did five years ago.

Our research partners – the Datanators – are sampling commercial and residential property values in Spokane County. Their initial findings show that residential values (houses and apartments) increased by 31% from 2013 to 2018. They also paid 28% more in property taxes.

Full article: https://ucrep.com/property-taxes-spo...al-commercial/

Thoughts? I think that, with the information we have now, it seems that the way of assessing property value is outdated and needs to be changed. But I also want to wait to see what the data looks like when larger sample sizes are taken and how large this trend is.

[cdelena]

I don't think this is uncommon. In a large city in a different state I did this same evaluation and tried with no success to get a review or even serious comments from the local government.

Taxes by headcount, valuation, road congestions, police and fire demand, etc. all putting an unjust burden on owners of single family homes.

Governments rarely evaluate what services cost individuals and who is paying for them, but rather deal with need for 'revenue' and where they can get it with the least amount of organized resistance.

[halmhana]

If this is a national or common trend in other areas, that's disturbing. They should redo the way they asses property value in order to make it more fair.