Pierce County residential property values declined slightly this year while commercial properties values grew, according to recently released figures from the Pierce County Assessor-Treasurer’s Office.
Countywide, residential values decreased by an average of 1%, affecting roughly two-thirds of property owners, while commercial properties increased by 3%. Warehouse and light industrial properties saw some of the most significant increase, rising an average of 5%.
The updated assessments will be used to calculate 2027 property taxes, though individual tax bills will not be finalized until early next year. Property owners who disagree with their assessed value have until Aug. 25 to file an appeal with the Pierce County Board of Equalization.
“A lot of factors go into what people’s tax bills will look like in 2027 — including whether voters already approved or will approve any additional levies or special assessments ballot measures — so we won’t know what that will look like until early next year,” Marty Campbell, the county’s assessor-treasurer, said in a press release. “Property taxes don’t necessarily go down because property values go down. These values are used to determine each property owner’s share of taxes certified by the districts.”
Comments are closed.