Who is responsible for paying property taxes?
In Washington, property taxes are paid by the owner of the property to the local government. Property taxes are determined by the value of the property, meaning the more valuable the property is, the higher the taxes will be. Property taxes are calculated annually and are based on the assessed value of the property. This assessed value is determined by the county assessor, who each year will assess the property according to the current market value in the area. The taxes paid are then put towards various public services and amenities, including fire and police protection, road maintenance, schools, and libraries. Property taxes can also be used to help fund special projects such as parks, hospitals, and community centers. Because the property owner is responsible for the taxes, it is important for them to stay up to date with the information about the property and its associated taxes. Property owners should make sure to review the county assessor’s annual assessment to make sure that the assessed value of the property is correct. It is also important for property owners to understand the tax exemptions available to them, which can often result in the reduction of the amount of taxes due.
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