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Financial Planning / Tax Strategies
|Subject: Re: Loss on rental house||Date: 11/28/2012 12:30 PM|
|Author: Jeanwa||Number: 117012 of 119694|
Again, this is my opinion and is only in regards to the State I know - Washington.
You mentioned in a prior post that valuations have to be made every year. This is not true. They are every 4 years with a physical inspection once every 6 years.
Page one, column three
Changes to property values
Assessors must revalue real property at least once every four years. In
some counties, properties are revalued each year and require
physical inspection at least once every six years.
Some counties do make a change every year with a inflation rate. Ours does not. That 4 year valuation number can be quite a shock.
They can also use 3 different methods of valuation. (Also, page one, but column two) Which method they use can greatly vary the amount.
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