Tax Amount Calculations

Tax rates can vary from year to year and the actual tax each property owner pays can vary as well.  The reason for this is property values change.  Some assessed property values go up and some property values go down.  Every year the amount each property owner is assessed is recalculated to reflect the differences that were made the previous year by the new property values determined by the Mason County Assessor’s Office. 
There are many variables in the calculations so we can only estimate the amount collected from each property owner and also what the tax rate will be. The only way that the assessed amount would stay constant is if all property values and tax rates stayed the same from year to year or if they all property increased or decreased at exactly the same percentage.  Below are some scenarios that would change the actual amount of tax assessed to property owners.
Examples:​ Result on Your Taxes
A vacant lot is built on The property owner of the lot will have a higher assessed property value and will therefore pay more taxes than if the lot was undeveloped.
​A new business comes into town and builds on a site The owner of the business will have a larger portion of the overall tax base and will therefore pay more taxes while personal property owners would pay less than before the business started.  Providing there was no exceptions made for tax exceptions by the county
​Your assessed property value goes up The affect this has on your taxes varies.  The chances are that you were not the only one to have their assessed property value go up.  If all property values increase then the change in tax will not be that much, as the total amount collected for the bond does not change.
​Your assessed property value goes down The affect this has on your taxes varies.  The chances are that you were not the only one to have their assessed property value go down.  If all property values decrease then the change in tax will not be that much, as the total amount collected for the bond does not change.

 

The chart below shows how the tax rate per $1000 assessed value has fluctuated over the past few years.  Please note that this is the tax rate but does not necessarily mean that individual taxes went up or down.  This table shows the varying rates per $1000 of assessed value.  The original rate in 2002 was $1.84.  The rate peaked in 2004 at $2.34 and had a low in 2009 at $1.22.

 

The chart below shows how much the sum of all property values in the Shelton School District collection area has changed historically.  Ranging from around one billion dollars to just over two billion dollars.

Some of you might recognize the big jump in accessed property values that occurred in 2009.  When comparing that to the rates above, when the property values have a big increase the rate has a big decrease.  As mentioned previously the amount collected remains constant.


 

Additional Information is available at the following websites and documents