PORT ANGELES — New construction last year means the downward reassessment of Daishowa America Co. Ltd.’s paper mill won’t increase the county portion of people’s property tax bills, according to county Assessor Linda Owings-Rosenburgh.
Because of new construction, the overall assessed valuation in the county increased from $4.162 billion in 2001 to $4.256 billion in 2002, a net increase of $94 million.
But the $1 million refund of past property taxes, to be paid $250,000 a year for four years, will cost the average taxpayer about 5.8 cents per $1,000 of assessed valuation, Owings-Rosenburgh said during an e-mail exchange with the Peninsula Daily News.
That would equal $8.70 for the owner of a $150,000 home.
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