Marlin, Washington Property Taxes
The median property tax rate in Marlin, WA is 1.39%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Marlin, the typical annual property tax bill reaches $219, which is significantly lower than the national median of $2,690. Property taxes in Marlin 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 Marlin'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 Marlin 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
Marlin, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$225
$220
Ownwell’s Marlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marlin 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 Marlin, Washington
Property taxes in Marlin, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marlin is 1.39%, significantly higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Marlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marlin 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 Marlin's effective property tax rate to other counties in Washington and the national median. For comparison, the 98832 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Marlin provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marlin Tax Rate
1.39%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marlin, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98832 | 1.32% | 1.33% | 1.39% | 1.47% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Marlin, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marlin, 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 Lincoln County Assessor's Office 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 Marlin, 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 Marlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 98832 has the highest and lowest median tax bill at $219, reflecting the diverse property tax landscape in the area.
Average Marlin Assessed Value
$16,180
Average Lincoln County Assessed Value
$68,575
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marlin, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98832 | $8,403 | $8,858 | $16,180 | $69,732 | $153,401 |
Source: Ownwell
Property Tax Bills Across Marlin, Washington
In Marlin, located in Lincoln County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $16,180, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $130, while the 75th percentile tax bill reaches $926, and the tax bill for the 90th percentile climbs to $2,040. These figures illustrate the range of property tax obligations within the city. Factors influencing the tax bill include the assessed property value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Marlin's property tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Marlin Tax Bill
$219
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Marlin, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98832 | $128 | $130 | $219 | $926 | $2,040 |
Source: Ownwell