Downtown Spokane just took another hit on paper, and this one is coming straight from the county assessor.
New valuation notices that went out this month show office buildings and apartment complexes in the city’s core slipping in value again, even as manufactured homes and undeveloped land move in the opposite direction. Spokane County’s Assessor’s Office mailed out 2027 tax year assessments on June 1 to more than 214,000 parcels, using market conditions as of Jan. 1.
Countywide, the average assessed value for a single-family home now sits at about $441,703. Single residential units saw only a 0.83% bump this cycle, a far cry from the pandemic-era surge when typical assessments jumped roughly $100,000 between 2021 and 2022, according to The Spokesman-Review.
How The Values Are Calculated
These notices are not tax bills. They are meant to be a Jan. 1 snapshot of the market, built from recent local sales, exterior inspections and neighborhood-level adjustments…