Centralia, Washington Property Taxes
The median property tax rate in Centralia, WA is 0.82%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $295,900 in Centralia, the typical annual property tax bill amounts to $2,382, falling below the national median of $2,690. Property taxes in Centralia are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Centralia'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 Centralia 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
Centralia, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,426
$2,370
Ownwell’s Centralia Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Centralia. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Centralia to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, which can be crucial for financial planning. For those interested in a deeper dive, you can explore trends at the neighborhood level by scrolling down for more localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Centralia, Washington
Property taxes in Centralia, Washington are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centralia is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Centralia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centralia 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 Centralia's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98531 has both the highest and the lowest median property tax rate of 0.82%. Understanding how these cities compare with Centralia provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centralia Tax Rate
0.82%
Average Lewis County Tax Rate
0.75%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centralia, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98531 | 0.82% | 0.82% | 0.82% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Centralia, Washington
In Centralia, 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 Lewis County 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 Centralia, 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 Centralia is $295,900, with the 25th percentile tax bill at $1,548 and the 75th percentile at $3,284. The highest and lowest median tax bills are both $2,382 in the 98531 zip code. By understanding 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 Centralia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Centralia Assessed Value
$295,900
Average Lewis County Assessed Value
$301,900
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centralia, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98531 | $91,540 | $208,900 | $295,900 | $392,000 | $517,500 |
Source: Ownwell
Property Tax Bills Across Centralia, Washington
In Centralia, property tax bills are calculated based on the assessed value of the property, which is determined by the Lewis County Assessor's Office. The assessed value is a percentage of the property's market value and is used to calculate the tax bill. Homeowners in Centralia experience a range of property tax bills, with the 25th percentile at $1,548 and the 75th percentile at $3,284. The highest median tax bill in the area is $2,382, found in the 98531 zip code. Several factors influence the property tax bill, including the property's location, size, and improvements made. These taxes are crucial as they fund local services such as schools, emergency services, and infrastructure. For homeowners, a higher assessed value can lead to a higher tax bill, impacting their annual expenses. Compared to the national median property tax rate of 0.99%, Centralia's tax rates can vary, reflecting the unique economic and developmental aspects of the region.
Average Centralia Tax Bill
$2,382
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Centralia, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98531 | $461 | $1,548 | $2,382 | $3,284 | $4,457 |
Source: 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 | |
|---|---|
| Lewis Tax Assessor | |
| Website | parcels.lewiscountywa.gov |