What records should I keep regarding my property taxes?

When it comes to your property taxes in Washington, it is important to keep accurate records of all related documents and payments. You should save copies of your property tax bills or notices of assessment, as well as records of payment. If you have paid your property taxes in full, your records should include a receipt or canceled check. If your taxes are deferred, you should have a copy of the agreement you made with the county for delayed payments. You should also save any documents related to exemptions or deductions, such as any excise tax rebate forms from the Department of Revenue, or records of any community or senior citizen discounts. If you are appealing your property taxes, be sure to keep the paperwork associated with the appeal. Furthermore, if you are performing renovations or making improvements to your property, you should keep all the receipts and documents involved. This can help you calculate the impact of the improvements on the overall value of the property. Finally, you should periodically review all documents related to your property taxes, as laws and regulations may change over time. Keeping up to date with the applicable law can help you avoid any unwanted costs or fees. By taking the time to maintain good records of your property taxes, you can ensure that your tax payments are accurate and up to date.

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What records should I keep regarding my property taxes?

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