Home property values increase 5 percent in Federal Way’s Area 54

The office of King County Assessor Lloyd Hara recently mailed the 2015 property valuation notices for Area 54 – Federal Way.

The office of King County Assessor Lloyd Hara recently mailed the 2015 property valuation notices for Area 54 – Federal Way. Residential properties increased 5 percent on average; however, residents individual property value may vary.

The assessor’s office sets property valuations. It does not set taxes and there is not a dollar-to-dollar correlation between residents’ property value increase and future property taxes. King County taxpayers who need advice and assistance with property tax-related matters, including appeals, should contact the King County tax advisor at 206-477-1060 or by email at taxadvisor@kingcounty.gov.

The assessor’s office recently launched LocalScape, a new interactive app, to track area and individual property value changes online, along with a rich landscape of neighborhood data including census, education, permits and sales.

Residents may track property value changes specifically for Area 54 – Federal Way residents here. Individual property value history is available by selecting the “My Property” tab.