Kahlotus, Washington Property Taxes
The median property tax rate in Kahlotus, WA is 0.52%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Kahlotus at $93,400, the typical annual property tax bill reaches $454, significantly below the national median of $2,690. Property taxes in Kahlotus are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kahlotus's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kahlotus or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kahlotus, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$486
$474
Ownwell’s Kahlotus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kahlotus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kahlotus 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 Kahlotus, Washington
Property taxes in Kahlotus, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kahlotus is 0.52%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Kahlotus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kahlotus 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 Kahlotus's effective property tax rate to other counties in Washington and the national median. For comparison, the 99335 zip code has both the highest and lowest median property tax rate of 0.52%. Understanding how these areas compare with Kahlotus 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 Kahlotus Tax Rate
0.52%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kahlotus, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99335 | 0.39% | 0.44% | 0.52% | 0.58% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Kahlotus, Washington
In Kahlotus, 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 Kahlotus, 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 Kahlotus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the 99335 zip code is $454.00, while the lowest is also $454.00.
Average Kahlotus Assessed Value
$93,400
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 Kahlotus, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99335 | $12,520 | $36,550 | $93,400 | $182,075 | $273,100 |
Source: Ownwell
Property Tax Bills Across Kahlotus, Washington
In Kahlotus, located in Franklin County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The median home price in Kahlotus is $93,400. Property taxes are then calculated by applying the local tax rate to this assessed value. For instance, the median property tax bill in Kahlotus is $454, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, improvements, and local levy rates. Homeowners in Kahlotus can expect their tax bills to vary, with the 25th percentile at $232 and the 75th percentile at $892. At the higher end, the 90th percentile tax bill reaches $1,264. These variations can affect homeowners' financial planning and budgeting, making it crucial for them to understand their property's assessed value and the applicable tax rate. This understanding helps homeowners anticipate their tax liabilities and manage their expenses effectively.
Average Kahlotus Tax Bill
$454
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kahlotus, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99335 | $77 | $232 | $454 | $892 | $1,264 |
Source: Ownwell