Property Ownership
In Washington, property taxes are assessed based on:
AThe original purchase price of the property
B100% of the property's true and fair market value as determined by the county assessor✓ Correct
CThe owner's income and ability to pay
DThe depreciated value of improvements only
Explanation
Washington property taxes are based on 100% of the property's true and fair market value as determined by the county assessor under RCW 84.40. The assessed value should equal the full market value of the property.
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