File photo by John Stearns
Pierce County Assessor-Treasurer Marty Campbell on Monday certified an additional $2.54 billion in new construction to the 2026 property tax assessment roll — 11.3% more than last year’s new construction certification of $2.26 billion, according to a county news release.
The county’s six-year average is $2.41 billion.
“This is a very positive number for Pierce County and exceeds our earlier projections,” Campbell said in the release. “It reflects strong growth and sustained investment across the region.”
The Pierce County assessment team included all qualifying construction to meet the state-mandated deadline of July 31.
Because new construction is exempt from Washington’s 1% property tax levy cap, it represents a critical source of new revenue for local services, including schools, roads, public safety, utilities, and more, the county noted.
Some new construction-assessment figures for cities and towns include Tacoma, $521.95 million; Sumner, $159.23 million; Lakewood, $102.97 million; Puyallup, $61.3 million; Fife, $56.94 million; and Buckley, $51.93 million. The unincorporated county totaled $1.4 billion.
State law requires county assessors to evaluate and add qualifying construction to the tax roll each year, including newly built residential and commercial properties; major remodels, additions, or upgrades; and improvements that increase usable space or functionality.
The process keeps property values current, ensures fair distribution of the tax burden, and provides additional revenue outside the 1% levy growth limit, the release said.
Property valuations are added to the assessment roll by July 31, and property owners receive updated assessments and have the right to appeal. This year’s appeal deadline is Nov. 25.
The certified value will be reflected in property tax bills issued in 2026.
More information is available on the Office of the Assessor-Treasurer website.
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