Bremerton, Washington Property Taxes
The median property tax rate in Bremerton, WA is 0.84%, slightly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Bremerton at $652,045, the typical annual property tax bill reaches $5,472, significantly higher than the national median of $2,690. Property taxes in Bremerton 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 Bremerton'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 Bremerton 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
Bremerton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$5,477
$5,351
Ownwell’s Bremerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bremerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bremerton 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 Bremerton, Washington
Property taxes in Bremerton, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bremerton is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Bremerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bremerton 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 Bremerton's effective property tax rate to other counties in Washington and the national median. For comparison, the 98312 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these figures compare with Bremerton provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bremerton Tax Rate
0.84%
Average Mason County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremerton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98312 | 0.84% | 0.84% | 0.84% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Bremerton, Washington
In Bremerton, 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 Mason 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 Bremerton, 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 Bremerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98312 has the highest and lowest median tax bill, both at $5,472, offering a clear picture of local tax obligations.
Property Tax Assessment Values Across Bremerton, Washington
Source: Ownwell
$110,185
$623,515
$1,136,845
Average Bremerton Assessed Value
$652,045
Average Mason County Assessed Value
$304,420
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bremerton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98312 | $201,314 | $268,245 | $652,045 | $765,360 | $834,287 |
Source: Ownwell
Property Tax Bills Across Bremerton, Washington
In Bremerton, located in Mason County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Bremerton is $652,045. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $2,268 and the 75th percentile at $6,418. The 90th percentile tax bill can reach up to $6,994. The local tax rate is applied to the assessed value of the property to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, improvements, and location. These elements combined determine the final tax bill, which can significantly impact homeowners' annual expenses. For instance, the highest median tax bill in Bremerton's ZIP code 98312 is $5,472, aligning closely with the national median property tax rate of 0.99%. This variability in tax bills underscores the importance of understanding local property tax assessments and their implications on homeownership costs.
Average Bremerton Tax Bill
$5,472
Average Mason County Tax Bill
$2,654
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremerton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98312 | $1,709 | $2,268 | $5,472 | $6,418 | $6,994 |
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 | |
|---|---|
| Mason Tax Assessor | |
| Website | property.masoncountywa.gov |