Rock Island, Washington Property Taxes
The median property tax rate in Rock Island, WA is 0.97%, slightly below the national median of 0.99% but above the Washington state median of 0.88%. With a median home value of $253,400 in Rock Island, the typical annual property tax bill amounts to $2,458, which is just under the national median of $2,690. Property taxes in Rock Island are based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Rock Island's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Rock Island or another part of the city, being well-informed about the local property tax system is crucial for maximizing your financial benefits.
Last Updated June 14, 2024
Rock Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$2,458
$2,401
Ownwell’s Rock Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rock Island with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rock Island to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in more granular insights, additional localized information is available below. Your property’s assessed value, determined by the county, serves as the basis for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Rock Island, Washington
Property taxes in Rock Island, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock Island is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Rock Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock Island 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 Rock Island's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98850 has both the highest and lowest median property tax rate of 0.97%, indicating a uniform tax rate across this region. Understanding how these areas compare with Rock Island provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rock Island Tax Rate
0.97%
Average Douglas County Tax Rate
0.99%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98850 | 0.82% | 0.95% | 0.97% | 0.99% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Rock Island, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rock Island, Washington. 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 Douglas County Appraisal District 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 Rock Island, 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. 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 Rock Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Rock Island is $2,458 in the 98850 zip code, while the lowest median tax bill is also $2,458 in the same zip code.
Average Rock Island Assessed Value
$253,400
Average Douglas County Assessed Value
$332,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rock Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98850 | $65,000 | $177,950 | $253,400 | $313,250 | $484,320 |
Source: Ownwell
Property Tax Bills Across Rock Island, Washington
In Rock Island, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the median home price, which is $253,400 in Rock Island, play a significant role in this calculation. Homeowners in Rock Island can expect their tax bills to vary widely. For instance, the tax bill at the 25th percentile is $1,419, while at the 75th percentile, it rises to $3,057. Those in the 90th percentile face even higher bills, reaching up to $4,709. The highest and lowest median tax bills in the area are both $2,458, indicating a relatively consistent tax rate across different neighborhoods. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual financial planning. Comparing Rock Island's rates to the national median property tax rate of 0.99% helps put these figures into perspective, highlighting the unique tax landscape of the area.
Average Rock Island Tax Bill
$2,458
Average Douglas County Tax Bill
$3,320
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98850 | $355 | $1,419 | $2,458 | $3,057 | $4,709 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
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