The word is out; King County property taxes are going up by double-digit percentages. County Assessor John Wilson says across King County the average tax bill going out this month will be 17% greater than last year’s property tax. This increase is the result of a new school-funding plan that is part of the recently passed budget.
The plan is a response to the state Supreme Court’s landmark McCleary decision, in which the Court ruled that Washington was not adequately funding basic K-12 education. Using increased property taxes to pay for education is part of the budget that was signed by the governor last year.
Wilson admits it’s the greatest increase in some time, and some areas of the county will see larger increases than others. 16.9 percent will
The two main reasons home-owners invest in remodeling are 1) to increase the value of the home and 2) to improve their enjoyment and comfort in the home. According to the third annual "Remodeling Impact Report" from the National Association of the Remodeling Industry (NARI) and National Association of REALTORS® a new roof is still the best investment for both recouping cost and home enjoyment.
The report looks at 20 different remodeling projects (12 interior, 8 exterior) and ranks them by estimated cost, cost recouped at time of sale, and the happiness of the home-owner with the project. One thing it makes clear about remodeling projects is those with the highest appeal to home-owners can have a very low cost recovery figure.