Dedicated to the citizens of Mason County, Washington since 1886

Letters to the Editor

Assessor responds

Editor, the Journal,

In response to Mr. Gripp's letter to the editor, "Assessor's Math."

In accordance with Washington State law, all property must be valued and assessed at one hundred percent of true and fair value, unless otherwise provided by law. "True and fair value" means market value and is the amount of money a buyer of property willing but not obligated to buy would pay a seller of property willing but not obligated to sell (WAC 458-07-030).

There are three approaches used to estimate market value: the sales approach (comparable sales), the cost approach (replacemen...


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