Ravensdale, Washington Property Taxes
The median property tax rate in Ravensdale, WA is 0.96%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Ravensdale at $715,000, the typical annual property tax bill reaches $6,626, significantly surpassing the national median of $2,690. Property taxes in Ravensdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ravensdale'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 Ravensdale or another part of King County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ravensdale, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$6,864
$6,706
$1,148
Average Ravensdale, Washington Tax Savings
Ownwell’s Ravensdale Property Tax Bill Calculator allows homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Ravensdale using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ravensdale to provide an estimate of your property tax bill. This valuable tool not only helps you understand potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in Ravensdale. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by King County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ravensdale, Washington
Property taxes in Ravensdale, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ravensdale is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Ravensdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ravensdale 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 Ravensdale's effective property tax rate to other areas in King County and the national median. For comparison, the zip code 98051 has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Ravensdale provides valuable insights into the varying tax landscape across King County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ravensdale Tax Rate
0.96%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ravensdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98051 | 0.87% | 0.90% | 0.96% | 1.01% | 1.03% |
Source: Ownwell
$1,148
Average Ravensdale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ravensdale, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ravensdale, 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 King 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 Ravensdale, 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 Ravensdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98051 has the highest and lowest median tax bill, both at $6,626, compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Ravensdale, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Ravensdale Assessed Value
$715,000
Average King County Assessed Value
$770,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ravensdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98051 | $369,000 | $513,000 | $715,000 | $1,018,000 | $1,438,300 |
Source: Ownwell
$1,148
Average Ravensdale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ravensdale, Washington
In Ravensdale, King County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, with a median home price of $715,000, homeowners in Ravensdale can expect a median tax bill around $6,626. However, tax bills can vary significantly, ranging from $4,650 at the 25th percentile to $13,720 at the 90th percentile. These variations depend on factors like property location, improvements, and local levies. High property taxes can place a significant financial burden on homeowners, but Ownwell can help ease this pressure. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially lowering your tax bill. Our team of professionals works diligently to identify discrepancies and secure reductions, helping you save money and achieve peace of mind.
Average Ravensdale Tax Bill
$6,626
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ravensdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98051 | $3,161 | $4,650 | $6,626 | $9,511 | $13,720 |
Source: Ownwell
$1,148
Average Ravensdale Tax Savings
Save on your property taxes & more with 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 |
Links | |
|---|---|
| King Tax Assessor | |
| Phone | (206) 296-7300 |
| Website | blue.kingcounty.com |
| assessor.info@kingcounty.gov | |
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