Latest News, News With the significant increase in assessed values in 2022, taxpayers will see much lower tax rates on their tax bills this year with some property owners seeing a drop in the tax rate of over $2 per $1,000 of assessed value.
The Assessor’s Office has a map visualizing the countywide tax rates on the county website at clark.wa.gov.
Washington state has a budget-based property tax system where taxing districts ask for an exact dollar amount to be collected from the taxpayers. In a budget-based tax system, as assessment levels increase the tax rates will decrease to ensure only the collection of the budgeted amount.
Despite the lower tax rates, property taxpayers across Clark County may still see increases in their property taxes due to the increased property tax requests by taxing districts.
“Taxpayers should not be confused that a lower tax rate indicates that a tax district is cutting taxes,” Clark County Assessor Peter Van Nortwick said. “Property taxes increase because tax districts request additional tax revenue, not because assessed values have increased.”
