Ridgefield, Washington Property Taxes
The median property tax rate in Ridgefield, WA is 0.82%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Ridgefield at $571,900, the typical annual property tax bill reaches $4,605, significantly surpassing the national median of $2,690. Property taxes in Ridgefield are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ridgefield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ridgefield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ridgefield, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$4,690
$4,581
$1,148
Average Ridgefield, Washington Tax Savings
Ownwell’s Ridgefield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgefield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgefield to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Ridgefield. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ridgefield, Washington
Property taxes in Ridgefield, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridgefield is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Ridgefield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgefield estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Ridgefield's effective property tax rate to other areas in Clark County and the national median. For comparison, the 98642 zip code has both the highest and lowest median property tax rate of 0.82%. Understanding how these cities compare with Ridgefield provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ridgefield Tax Rate
0.82%
Average Clark County Tax Rate
0.92%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridgefield, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98642 | 0.56% | 0.78% | 0.82% | 0.88% | 0.93% |
Source: Ownwell
$1,148
Average Ridgefield Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ridgefield, Washington
In Ridgefield, Washington, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clark County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Ridgefield, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Ridgefield is $571,900, with tax bills ranging from $3,609 at the 25th percentile to $8,017 at the 90th percentile. The highest and lowest median tax bills in Ridgefield are both $4,605, found in the 98642 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Ridgefield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ridgefield Assessed Value
$571,900
Average Clark County Assessed Value
$479,858
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ridgefield, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98642 | $335,362 | $447,946 | $571,900 | $750,200 | $984,752 |
Source: Ownwell
$1,148
Average Ridgefield Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ridgefield, Washington
In Ridgefield, Clark County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price in Ridgefield is $571,900, and the property tax rate is applied to this assessed value to determine your tax bill. Factors such as property size, location, and market conditions can influence the assessed value. Homeowners in Ridgefield can expect tax bills ranging from $3,609 at the 25th percentile to $8,017 at the 90th percentile, with a median tax bill of $4,605. High property tax bills can place a significant financial burden on homeowners. Ownwell can help by providing property tax appeal and exemption services. By reviewing your property’s assessed value and comparing it to similar properties, Ownwell identifies discrepancies and files appeals on your behalf, potentially lowering your tax bill. This service can result in substantial savings, making it easier for homeowners to manage their annual property tax expenses.
Average Ridgefield Tax Bill
$4,605
Average Clark County Tax Bill
$4,274
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgefield, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98642 | $2,276 | $3,609 | $4,605 | $6,011 | $8,017 |
Source: Ownwell
$1,148
Average Ridgefield Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 5 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Clark Tax Assessor | |
| Phone | (564) 397-2391 |
| Website | gis.clark.wa.gov |
| assessor@clark.wa.gov | |
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