The Washington State Property Tax LIE: How The 1% Cap is TRICKING You (and what to do now)
Manage episode 514987183 series 3502461
You’ve probably heard that Washington State has a 1% property tax cap — sounds like protection for homeowners, right? Think again. What most people don’t realize is that this “cap” doesn’t limit what YOU pay… it limits how much revenue local governments can collect. That means while your county raises property values, your tax bill keeps climbing — and fast. In this video, we’re breaking down the truth behind the Washington State Property Tax system, how the 1% myth is misleading thousands of homeowners, and what you can actually do to protect yourself before your next bill hits.
We’ll walk you through how the assessment process really works, why your property taxes keep increasing even when the cap is “in place,” and what strategies smart homeowners and investors are using right now to stay ahead of rising costs. If you live in Seattle, Snohomish, or anywhere across Washington State — this affects YOU.
📈 Don’t get fooled by headlines — understand the system, take control of your finances, and make informed real estate decisions today.
145 episodes