For the second year in a row, Vashon property owners are seeing a slight increase in their property values.

According to King County figures, Vashon property values are up an average of 8.7 percent over last year. Individual properties vary, and last month the county mailed out notices to property owners informing them of their new assessed values.

The increase follows a countywide trend in which property values are finally recovering from the recession, according to King County Assessor Lloyd Hara.

“We’re definitely getting there in some of our areas,” Hara said last week. “On Vashon, we’re getting closer, but not there yet.”

This is the second year in a row the island has seen values increase — last year they were up for the first time since the recession by 6.4 percent. But over the last six years, Vashon’s values are still down by more than 20 percent. In southwest King County, an area Hara said was hit worst by the recession, assessed values were up 18.7 percent this year but are still down 19.5 percent in the last six years.

Hara, who noted that King County is one of the fastest growing areas in the nation, said that the trend is a good one and he expects it to continue as home prices level out.

“I’d like to see everyone have housing values greater than their loan value,” he said.

While property values are up, most homeowners won’t see significant changes to their property tax bill, as most agencies that levy property taxes can only collect a set amount each year.

The average value of Vashon properties is $419,400 in 2014, compared with $384,500 last year.