What is an assessment roll?

An assessment roll is an official list of property tax assessments in Washington State. It documents all parcels of property, their owners, and the total public assessment of each property. It is typically prepared annually, which allows the county to assess the fair-market value of each property and to adjust tax rates accordingly. The assessment roll records both real and personal property, including land, buildings, and other improvements. It also includes the assessed value of each property and the assessed tax rate, which is based on the value of the property and the applicable tax rate. The assessment roll is prepared by an authorized assessor, who uses information from a variety of sources, including property sales data and aerial photographs. The assessment roll is important because it provides the basis for local tax collections. It serves as a record of what the assessed value of each property is for the tax year, and it allows the county to assess taxes accurately and fairly. Once the assessment roll is complete, it is distributed to taxpayers, who can view their assessments, or challenge them if necessary.

Related FAQs

What is a homestead exemption?
What is a “split roll” property tax system?
How can I reduce my property tax bill?
What is the difference between real and personal property?
How is a property tax assessment appeal decided?
What is the difference between property taxes and income taxes?
How do property tax incentives work?
How are property taxes used?
What are the different types of property tax exemptions?
What is a property tax assessment appeal process?

Related Blog Posts

A Guide to Understanding Property Tax Laws - July 31, 2023
Comprehensive Overview of Property Tax Regulations - August 7, 2023
What Every Property Owner Should Know About Property Tax Laws - August 14, 2023
Calculating Property Tax Liability in Simple Steps - August 21, 2023
Exemptions and Deductions: Lowering Your Property Tax Bill - August 28, 2023