Could last week's storm lower your taxes? | Environment
If your property took a big hit during last week's storm, did you know your federal taxes could be impacted?
The Spokane County Assessor's Office is responsible for administering a state program for property that has been destroyed by natural disasters called “Taxpayer’s Claim for Reduction of Assessments resulting from Destroyed Real or Personal Property or Loss of Value in a Declared Disaster Area.”
Qualifying property owners will receive an adjustment to the taxes due for 2014, depending on the value of the remaining property. If the property is a total loss, then abatement (tax reduction or exemption) will be done for the remainder of the year.
With recent wildfires and wind damage throughout the county, some property owners may qualify for the program. Forms will be mailed or can be found online here. After the form is received, the appraiser of record for each area will inspect your property and take photos to determine a new assessed value. That value will then be sent to the Treasurer's Office to computer a new tax value and notify the property owner.