How does the Assessor value property?

Washington State law requires assessors to value all taxable property at 100% of its true and fair market value. Market value is the amount of money that a willing and unobligated buyer is willing to pay a willing and unobligated seller.

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1. Should property owners contact the Assessor’s Office to settle property value disagreements?
2. How does the Assessor value property?
3. How can I appeal the assessed valuation of my property?
4. What is the deadline for filing a Petition for Appeal?
5. How can I appeal a decision made by the Board of Equalization?