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Flood 2

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Uploaded by on Nov 10, 2006

NW Flood on Puyallup River

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News & Politics

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  • The new FEMA flood hazards map shows much of Pierce County in flood hazard zones. This is a VERY interesting issue, as it:

    >> depreciation of property and land

    >> limits FEMA flood claims

    >> limits rebuildable allowance in the event of loss (to only 40% of market value)

    >> limits new development

    Problem: sellers not disclosing to new buyers, making yet more flood "victims". Another is that these devalued properties are unfairly assessed (and taxed) at "fair market value".

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