Mazama, Washington Property Taxes
The median property tax rate in Mazama, WA is 1.09%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Mazama, the typical annual property tax bill reaches $3,775, exceeding the national median of $2,690. Property taxes in Mazama 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 Mazama'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 Mazama 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
Mazama, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$3,810
$3,722
Ownwell’s Mazama Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mazama with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mazama 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 Mazama, Washington
Property taxes in Mazama, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mazama is 1.09%, higher than the U.S. national median of 0.99%. Local government entities within Mazama set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mazama 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 Mazama's effective property tax rate to other areas in Okanogan County and the national median. For comparison, the 98833 zip code has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Mazama provides valuable insights into the varying tax landscape across Okanogan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mazama Tax Rate
1.09%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mazama, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98833 | 0.85% | 1.07% | 1.09% | 1.23% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Mazama, Washington
In Mazama, 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 Okanogan 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 Mazama, 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 Mazama helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 98833 has a median tax bill of $3,775, reflecting both the highest and lowest median tax bills in the area.
Average Mazama Assessed Value
$349,500
Average Okanogan County Assessed Value
$128,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mazama, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98833 | $71,920 | $188,575 | $349,500 | $579,825 | $758,360 |
Source: Ownwell
Property Tax Bills Across Mazama, Washington
In Mazama, located in Okanogan County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Mazama see a range of tax bills, with the 25th percentile at $2,005 and the 75th percentile at $6,334, reflecting variations in property values and assessments. Several factors influence the assessed value, including the property's market value, improvements, and any applicable exemptions. The tax rate itself is influenced by local government budgets and voter-approved levies. Compared to the national median property tax rate of 0.99%, Mazama's property taxes can be higher, especially at the upper end, with the 90th percentile tax bill reaching $8,062. For homeowners, these taxes fund essential public services such as schools, roads, and emergency services. Understanding how these bills are calculated helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Mazama Tax Bill
$3,775
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Mazama, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98833 | $766 | $2,005 | $3,775 | $6,334 | $8,062 |
Source: Ownwell