Ada, Washington Property Taxes
The median property tax rate in Ada, WA is 0.68%, which is notably lower than both the national median of 0.99% and Washington state's median of 0.88%. With a median home value of $134,500 in Ada, the typical annual property tax bill amounts to $914, significantly less than the national median of $2,690. Property taxes in Ada are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ada'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 Ada or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ada, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Ada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ada to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Ada, Washington
Property taxes in Ada, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ada is 1.19%, higher than both the Washington state median of 0.94% and the U.S. national median of 0.99%. Local government entities within Ada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ada estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Ada's effective property tax rate to other counties in Washington and the national median. For comparison, the 98001 zip code has the highest median property tax rate of 1.19%, while the 98001 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Ada provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ada Tax Rate
0.68%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ada, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49301 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Ada, Washington
In Ada, 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 Franklin 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 Ada, 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 Ada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 49301 at $914, which is also the lowest median tax bill in the region.
Average Ada Assessed Value
$134,500
Average Franklin County Assessed Value
$384,600
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ada, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49301 | $134,500 | $134,500 | $134,500 | $134,500 | $134,500 |
Source: Ownwell
Property Tax Bills Across Ada, Washington
In ADA, Franklin County, WA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors considered in this process include the property's location, size, and any improvements made. Homeowners in ADA can expect a median tax bill of $914, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can be beneficial for homeowners, making it more affordable to own property in the area. However, it also means that local government services may rely on other forms of revenue to meet budgetary needs. Understanding how these factors come together helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Ada Tax Bill
$914
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ada, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49301 | $914 | $914 | $914 | $914 | $914 |
Source: Ownwell