How are property taxes levied?
Two things determine your property taxes: • Your assessed value and • The budgets of the tax districts in which you live. Throughout the year, my appraisal staff assesses all residential and commercial property at fair market value. In November, each of the 57 Spokane County tax districts establishes a budget and sends their budget resolution to me. In January, I use the budget resolutions to calculate levy rates to fund those budgets. Then in February, the Treasurer uses my levy rates and assessed values to determine individual property taxes.
