Wenatchee World: Today's Real Estate Articles 6/17/08

Eastside property values jumpBy K.C. MehaffeyWorld staff writerPosted June 17, 2008

"EAST WENATCHEE - The Douglas County assessor mailed new tax assessments for property in most of East Wenatchee and Rock Island last week, and some residents are not happy.Assessor Jim Ruud said the values reflect prices of homes and property sold in the last two years, when the real estate market was hot throughout North Central Washington.

"We're getting calls, not a huge number. But people worry about the increase in value," he said. "People are interested and rightfully concerned."

He said many people don't realize that the tax statement that will follow will not go up the same amount that values went up, although taxes will increase. The taxes are based on the budgets of taxing districts, and not determined by the assessor, he said."

Click here http://wenatcheeworld.com/apps/pbcs.dll/article?AID=/20080617/NEWS04/830934221/1001 for full article.

PUD land may be used for new trailheadBy Christine PrattWorld staff writerPosted June 17, 2008

"WENATCHEE - A new trailhead that accesses Wenatchee's western foothills trail system could be built on Chelan County PUD land at the end of Castlerock Avenue.

PUD commissioners approved a proposal Monday to give the city of Wenatchee access to a portion of a 4.26-acre parcel the PUD bought in 1999 for a future substation.

The city hopes to equip the trailhead with a six-space parking lot, restroom and access road from Castlerock Avenue, Allison Williams, the city's executive services director, told commissioners.

Williams estimates the project will cost $150,000.

She said the city hopes to pay for the trailhead with $150,000 in still-unapproved grant funding. The remaining funds would come from the city's share of real estate excise taxes."

Click here http://wenatcheeworld.com/apps/pbcs.dll/article?AID=/20080617/NEWS04/705225605 for full article.

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