Home Buying in Sammamish>Question Details

Infocus, Home Buyer in

WIll soon move back to US, wonder how much is property tax difference between a house, townhouse and condo in the Sammamish areas?

Asked by Infocus, Wed Apr 3, 2013

considering management fee, maintenance fee etc.

This question was asked from this property: http://www.trulia.com/property/3042572024-900-233rd-Pl-NE-23…

Help the community by answering this question:


You have a lot of good answers already & so I do not want to repeat them. You want to decide which way to go based on your budget & needs, etc. I am a loan officer as well as a real estate broker & would be happy to have a conversation with you when you are ready in order to determine the budget part. Just contact me directly.

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
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0 votes Thank Flag Link Wed Apr 3, 2013
Hi Andy,

The property tax is based on the assessed value and the assessed value is determined by location and the size of the lot and property. i think your question is really asking, which way is a better choice?

Your ideal choice all depends on your price range and life style. If you are in the $300,000 to $400,000 price range a condo or townhouse is about your only option.

Remember Homeowner's dues cover most of your utilities and maintenance in a townhome or condominium project, so it's money you would be spending anyway.

If you want to search the Sammamish market with up to the hour results, go to http://www.buyandsellseattlerealestate.com .

Warm regards,
0 votes Thank Flag Link Wed Apr 3, 2013
Hi Infocus,
First the place you asked about is currently available. The list price is $365,000. The current annual tax for this home are $3316 ($276 per month) according to Realist and the dues on this property are $236 according to the listing.
A currently pending sale for a single family home has a list price of $350,000 has annual taxes reported as $3550 ($295 per month) and there are no dues for this home.
Here’s the problem, the single family home was under contract in 8 days and is currently pending. The only other home currently on the market in that price range is a substantial fixer.
Our market has a serious lack of inventory right now with the least expensive homes going very quickly and often for more than list price.
When trying to compare the total cost of ownership between a condo and a single family home, I suspect the home will win provided you budget for the necessary repairs over time and enjoy doing some of the general maintenance yourself.
Welcome back to Sammamish, let me know if I can be of further help.
0 votes Thank Flag Link Wed Apr 3, 2013
To find the property tax, go to your county assessor site. The tax is based upon assessed value...not type of real estate. A townhome valued at 300k and a stand alone home valued at 300k should be taxed similarly.
0 votes Thank Flag Link Wed Apr 3, 2013
property tax is based on value. Condo and HOA fees are based on a budget that includes the maintenance of the common grounds, management, utilities and insurance of what the condo assoc or HOA owns and the other items they pay for, such as water, cable, etc. The other items vary per association. So figure the cost you would incur for these items and compare it to what they are charging to see if that community works for you.
That is a gorgeous property.
0 votes Thank Flag Link Wed Apr 3, 2013
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