![]() The income approach is used primarily for commercial properties. An appraiser determines value for residential properties by using either the cost or the market approach. Each of the three approaches to value has a distinctive method to measure and understand the motives of the buyers, sellers, investors, developers and financiers in the current market place. Pierce County appraisers take into consideration a wide range of factors to ensure accuracy and equity when estimating the assessed value of all types of property. Revaluation is an additional aspect to the continuous appraisal of new construction, remodeling and other characteristic changes. All property is physically inspected at least once every six years ( RCW 84.40.030 and 84.41.041). ![]() Revaluation of real property is performed on an annual basis in Pierce County using current market value trends. ![]() According to the state law RCW 84.40.030, assessors are required to value all taxable property at 100% of its true and fair market value taking into consideration the highest and best use of the property. ![]()
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