Check out the latest PDF from the Washington State Department of Revenue. It presents the State Economic & Revenue Outlook
“Early Guidance” for the March 2009 Official Forecast. Note page 15. Main chart below.
Value per transaction currently looks to be around $150,000. At peak (mid 2007) the figure was closer to $290,000. That’s a 46% drop by my reckoning. The last time we saw numbers this low was early 2004.
Seattle Bubble is showing King County as doing much better than this. According to a recent chart, KC is down by about 14%, which takes us back to about 2006.
Now I just wish they’d give us some data about gas tax revenues…
1 response so far ↓
1 Peter // Feb 20, 2009 at 11:29 pm
When my property tax assessment comes it better be 46% lower than last year.
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