What is a tax assessment?
A tax assessment is when the tax authority of a state (in this case, Washington) estimates the current value of a property, usually for the purpose of levying taxes. When determining the value of a property for assessment, the state looks at a variety of factors, such as the size, location, and condition of the property, as well as any improvements made by the owner. A tax assessment is important because it helps the state to determine how much the property tax should be. It is also used to ensure that all property owners in the same area are being taxed fairly. In Washington, the Department of Revenue is responsible for assessing property values, and taxpayers have the right to appeal an assessment if they believe it to be inaccurate.
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