Roosevelt, Washington Property Taxes
The median property tax rate in Roosevelt, WA is 0.81%, lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Roosevelt at $37,925, the typical annual property tax bill is $297, significantly below the national median of $2,690. Property taxes in Roosevelt 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 Roosevelt'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 Roosevelt 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
Roosevelt, 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 Roosevelt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roosevelt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roosevelt 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 Roosevelt, Washington
Property taxes in Roosevelt, Washington, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Roosevelt is 0.81%, which is lower than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Roosevelt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roosevelt 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 Roosevelt's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98620 has the highest median property tax rate of 1.00%, while zip code 99356 has the lowest median tax rate of 0.81%. Understanding how these cities compare with Roosevelt provides valuable insights into the varying tax landscape across Klickitat County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roosevelt Tax Rate
0.81%
Average Klickitat County Tax Rate
1.07%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roosevelt, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98620 | 0.84% | 0.90% | 1.00% | 1.09% | 1.15% |
| 99356 | 0.71% | 0.76% | 0.81% | 0.97% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Roosevelt, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Roosevelt, 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 Klickitat 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 Roosevelt, 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 Roosevelt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Roosevelt is $371 in zip code 99356, while the lowest is $304 in zip code 98620.
Average Roosevelt Assessed Value
$37,925
Average Klickitat County Assessed Value
$126,140
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roosevelt, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98620 | $28,867 | $29,372 | $30,215 | $31,058 | $31,563 |
| 99356 | $9,192 | $20,880 | $41,020 | $81,860 | $139,120 |
Source: Ownwell
Property Tax Bills Across Roosevelt, Washington
In Roosevelt, located in Klickitat County, WA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual property tax bill. Factors that influence the assessed value include the property's market value, location, and any improvements made to the property. For homeowners in Roosevelt, property tax bills can vary significantly. The 25th percentile tax bill is around $108, while the 75th percentile tax bill reaches approximately $581. At the higher end, the 90th percentile tax bill can be as much as $986. This range indicates a substantial difference in tax burdens among residents, depending on the value and specifics of their properties. Comparatively, Roosevelt's property tax rates are relatively moderate. For instance, the highest median tax bill in the region is $371 in the 99356 zip code, while the lowest is $304 in the 98620 zip code. This variability in tax bills affects homeowners differently, influencing their annual financial planning and overall cost of homeownership.
Average Roosevelt Tax Bill
$297
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Roosevelt, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98620 | $244 | $267 | $304 | $342 | $364 |
| 99356 | $81 | $202 | $371 | $701 | $1,038 |
Source: Ownwell