Roslyn, Washington Property Taxes
The median property tax rate in Roslyn, WA is 0.53%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Roslyn at $374,565, the typical annual property tax bill reaches $1,992, which is well below the national median of $2,690. Property taxes in Roslyn 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 Roslyn'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 Roslyn 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
Roslyn, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,985
$1,939
Ownwell’s Roslyn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roslyn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roslyn 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 Roslyn, Washington
Property taxes in Roslyn, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roslyn is 0.53%, significantly lower than both the Washington state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Roslyn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roslyn 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 Roslyn's effective property tax rate to other counties in Washington and the national median. For comparison, the 98941 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Roslyn provides valuable insights into the varying tax landscape across Kittitas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roslyn Tax Rate
0.53%
Average Kittitas County Tax Rate
0.67%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roslyn, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98941 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Roslyn, Washington
In Roslyn, 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 Kittitas 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 Roslyn, 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. For example, the median home price in Roslyn is $374,565. Tax bills vary, with the 25th percentile at $1,660 and the 75th percentile at $2,379. The highest and lowest median tax bills are both recorded at $1,992 in the 98941 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roslyn Assessed Value
$374,565
Average Kittitas County Assessed Value
$385,890
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roslyn, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98941 | $261,334 | $317,610 | $374,565 | $442,898 | $553,792 |
Source: Ownwell
Property Tax Bills Across Roslyn, Washington
In Roslyn, located in Kittitas County, WA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, and this rate can vary annually based on the county's budget needs and voter-approved measures. For instance, with a median home price of $374,565, homeowners can expect a range of tax bills. The 25th percentile tax bill stands at $1,660, while the 75th percentile reaches $2,379, and the 90th percentile goes up to $3,018. These figures highlight how the assessed value and local tax rates combine to impact homeowners. Compared to the national median property tax rate of 0.99%, Roslyn’s tax bills reflect the specific financial requirements and property values of the area. For residents, this means that their annual property tax bill can vary significantly based on their home's assessed value and the specific tax rate applied within their locality.
Average Roslyn Tax Bill
$1,992
Average Kittitas County Tax Bill
$3,249
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Roslyn, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98941 | $1,213 | $1,660 | $1,992 | $2,379 | $3,018 |
Source: Ownwell