What factors are considered in determining assessed property values?

The assessed property values in King County are determined by considering various factors. These factors include the property's location, size, age, and condition. Additionally, any improvements or renovations made to the property are also taken into account. The current real estate market conditions and the recent sales prices of comparable properties in the area are crucial factors in determining the assessed value. The county assessor's office also considers income-generating potential for commercial properties and rental properties. Furthermore, any restrictions on the property, such as zoning regulations or conservation easements, are also considered. Overall, the assessed property values are calculated using a combination of factors that reflect the current market value and characteristics of the specific property.