Recently recieved assesed Property value in Mail.

Profile picture for Jay_Box
I had my townhome re-financed and it was appraised at most likely the highest value before the bust (330,000).  I recently recieved a property value assesment for tax purposes and it is 280,000)  

From what I understand I am being taxed by city of Renton for a value of 330,000.  I want to reduce my taxes.  What should be my first steps for taking action to reduce my taxable property value? 
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October 01 2009 - Renton
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Answers (2)

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The $280k assessment is what your property taxes are based upon.   It's all done by King County. 
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October 02 2009
Profile picture for Blue Collar Realtor
The first step is to contact the city and appeal the taxes assessed amount.  This may take time but I have seen many people getting their tax assessed values reduced in light of the current housing market.
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October 01 2009
 

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