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Property owners receive change-of-value notices from county assessor

Property owners in Kitsap County should soon be seeing change-of-value notices land in their mailboxes.

County officials said the notices were mailed to more than 90,000 residential property owners across Kitsap County on July 6.

Officials said most owners will see a reduction between 2 percent to 4 percent in their Jan. 1, 2012 assessed value when compared to the previous year.

Changes on Bainbridge Island range from a 1-percent drop in the Wing Point Golf Course area to a 7-percent drop on North Bainbridge. Fletcher Bay, Manzanita and Central Bainbridge properties generally saw a 4-percent decline.

Property owners, however, should not expect a corresponding reduction in next year’s taxes, officials noted.

Government entities — the state, county, cities and fire, port and library districts — will continue to be allowed the 1 percent increase to their previous levy amount. Additionally, voters in all school districts in Kitsap County have authorized increases to their annual maintenance and operations levies of 4 percent to 5 percent.

The new values were set by using sales from Jan. 1, 2011 to March 31, 2012, and sales used in the analysis are shown by neighborhood on the assessor’s webpage at www.kitsapgov.com/assr.

Property owners who disagree with the Jan. 1, 2012 estimate of market value have 60 days to appeal to the Kitsap County Board of Equalization.

Potential appellants should first contact the assessor’s office at 360-337-7160 to review property characteristics and receive property specific valuation information. Information on property tax relief programs is also available.

 

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