Making headlines around the Northwest this morning:
- King County Property Taxes to Rise as Home Values Fall
- Foss High School Won't Close After All
- Hempfest Sues Seattle Over Permit Denial
Lower Property Values, Higher Taxes
It's a "counter-intuitive" reality according to King County Assessor Lloyd Hara. He tells the Seattle Times that many home owners will see their property taxes go up as the value of their homes goes down. Hara says this reality is primarily the result of new voter-approved levies and bonds. Voters approved 44 tax increases in 2010, 38 of them for schools.