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Levy
Worksheets
 Levy
Worksheet—2007
for 2008 Taxes
Levy
Worksheet—2006
for 2007 Taxes
Levy
Worksheet—2005
for 2006 Taxes
Levy
Worksheet—2004
for 2005 Taxes
Levy
Worksheet—2003
for 2004 Taxes
Levy
Worksheet—2002
for 2003 Taxes
Real
and
Personal Property and Its Valuation
Pacific County has approximately 35,278 separate parcels of real
property, which must be physically inspected and revalued not less
than once every four years, in accordance with the Department of
Revenue approved four-year revaluation plan. This means that once
every four years an appraiser will inspect and review your property.
As a result of this inspection and appraisal, your property will
increase in value, decrease in value, or retain its current value,
depending upon current market and economic conditions in effect at
the time of the revaluation. If the value has changed, either up or
down, you will receive a "notice of change of value." If you
disagree with the new valuation, we encourage you to contact the
Assessor's office first, in the event that an error has been made,
or that a possible adjustment may be in order. If you desire further
relief, then you may appeal to the Pacific County Board of
Equalization, which meets in July of each year.
Pacific County also
has approximately 1,700 parcels of personal property, which are
listed and assessed annually. Basically, personal property is
defined as all machinery and equipment used in agriculture, logging,
offices, stores, etc., and all other items, less business
inventories, that are used in conjunction with operating a
commercial venture of any kind. Each year we send you a personal
property detail sheet, which you are obliged to complete and return
in its entirety. Upon receipt of this detail sheet we value the
items listed in accordance with a state-wide schedule. We then
return the completed copy to you for your examination, and we
encourage you to discuss any possible errors or problems with us.
Assessment Procedures
In this state, an assessment for tax purposes means that we are
required, by statute and by the state constitution, to assess your
property at its "market" or "true and fair" value. Our appraisers
use standard and accepted appraisal principles, in use statewide and
nationwide, to arrive at an estimate of market value. There are
three generally accepted approaches to value:
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Cost Approach: Replacement cost new, less normal
depreciation.
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Market Approach: The market data, or sales
comparison method.
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Income Approach: The
capitalization of net
rental income approach.
As is usually done state-wide, we rely almost
exclusively on the cost and market approaches, with the market
approach as a barometer to ensure that we remain within acceptable
parameters of actual market value. The income approach is primarily
used when appraising commercial properties from which a net
operating income can be extracted with which to apply a
capitalization rate for an indicator of value. However, in mass
appraisal practices, cost and market are the most expedient,
reliable and practical approaches.
For more information on this exemption contact:
Becky Nissell at 360-875-9300 ext. 2210
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