My recommendation to counter this is to protest your property tax "assessed value" every year.

In 2020, I did protest my taxes and get them lowered significantly.

A couple of have moaned & protested, but hey it's exactly what banks do when qualifying for a mortgage.  

Owner is relocating and purchased the property last year. location is right by the heart of the protests so reselling hasn’t worked out for them.

Rent is softening with people moving away from Seattle due to COVID, ongoing protests, and a crazy city council.I think the real housing crisis in Seattle is that $1,860 is still too expensive for many.Seattle has been making large investments in rent restricted units.

And you have to be committed to protesting your taxes if you are going to buy and hold. 

Buy right and secure a low entry price and protest your appraised value down to your purchase price with the county - in other words start low; then put the homestead exemption into place, and they can only take you up 10% per year (max) - in other words slow the increase. 

Depending on where you live, Democratic leaders will be hiking taxes to help pay for property damage caused by "peaceful protests" during the last six months and there may be more to come, depending on the outcome of this election.I don't know if I would wait until after the election, but I would certainly be careful about location of investments.

We always protest and have always had the property taxes lowered - at least for the first year while rehabbing.  

But they can fail to understand the need for a thoughtful consideration of the research problem to be addressed.When market researchers return with the deliverables that have been requested, often after protracted protest and attempts to explain the inadequacies of such a misconceived plan, they are often discouraged.