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King County property taxes up 17 percent this year

In Bellevue, it's even more.
<p>Close-up of American dollar bills</p>

King County property taxes are expected to rise nearly 17 percent when bills arrive in the mail next month. That's an additional $700 for a median-priced home, according to The Seattle Times.

The King County assessor told The Times that, for a median-valued Seattle home of $597,000, the homeowner will pay $825 more this year in property tax -- a bump of 16.9 percent.

Bellevue homeowners will see their property taxes climb 21.6 percent. That's an additional $1,300 for a home valued at $791,000.

The main reason for the bump, according to assessor John Wilson, is the state's new school funding plan.

Bills are set to be mailed Feb. 14.

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