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571 L Form

571 L Form

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Instructions and help about form 571 l pdf

for most taxpayers residential real estate values have been on a decline over the last three years assessed values have dropped as much as fifteen percent in just one year naturally a lot of King County homeowners may be thinking that their property taxes will be dropping by a similar amount that's not the case for thousands of taxpayers there's some reasons why the drop and property values has varied for example waterfront property largely has kept its premium value what's more your total property taxes are heavily influenced by local taxes approved by you and your neighbors for example nearly half of your property taxes go to local schools and it's not just schools local property tax levies pay for fire districts life-saving EMS services parks water districts even hospitals in part of King County in fact King County gets only a relatively small portion of the overall property tax dollar another factor has to do with how tax levy rates are calculated Wa

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