Snohomish County growing by 10K every year
Feb 5, 2018, 8:02 AM | Updated: 10:11 am
Skyrocketing home prices in Seattle and on the Eastside has people flocking north to save money.
Homeowners to see up to 21 percent increase in property taxes
Since 2010, Snohomish County is averaging more than 10,000 new residents per year.
Cities such as Everett, Lynnwood, Mountlake Terrace, and other south county cities are feeling the squeeze on the roads and with new development.
According to The Daily Herald, the North Creek area between Mill Creek and Bothell has been called the hottest housing market in the state.
The U.S. Census says the county’s population could surpass 800,000 this year.
The Central Puget Sound region is expected to grow at an average of 55,000 people per year as the population increases from 4 million to 5.8 million over the next few decades. Last year, King County continued to be the region’s fastest-growing county, according to a report by the Puget Sound Regional Council. Seattle remains the fastest growing city.
As the population rises, so do Snohomish County’s property taxes. A recent report shows tax bills for the average-valued home will increase by $600 this year. Lake Stevens homeowners will see increases of nearly 28 percent.
Snohomish County homeowners are paying an extra 82 cents per $1,000 worth of assessed property value to pay for changes in state education funding largely fueled by the Supreme Court ruling in the McCleary case, the Daily reports. That and other increases in local municipalities for education levies and fire protection.
