Fircrest, Washington Property Taxes
The median property tax rate in Fircrest, WA is 0.88%, aligning with the state median but slightly below the national median of 0.99%. With a median home value of $567,200, the typical annual property tax bill in Fircrest reaches $4,975, significantly surpassing the national median of $2,690. Property taxes in Fircrest are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Fircrest's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fircrest or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fircrest, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Fircrest, Washington Tax Savings
Ownwell’s Fircrest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fircrest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fircrest to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Fircrest. 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 Fircrest, Washington
Property taxes in Fircrest, Washington, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Fircrest is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Fircrest set these rates annually, and they can vary across different neighborhoods. Each year, Fircrest 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 Fircrest's effective property tax rate to other areas and the national median. For comparison, the zip code 98466 has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Fircrest provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fircrest Tax Rate
0.88%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fircrest, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98466 | 0.87% | 0.88% | 0.88% | 0.89% | 0.90% |
| 98499 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Fircrest Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fircrest, Washington
In Fircrest, 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 Pierce County Assessor-Treasurer 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 Fircrest, 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 Fircrest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fircrest are both $4975.00, found in the 98466 zip code.
Property Tax Assessment Values Across Fircrest, Washington
Source: Ownwell
$21,400
$1,254,100
$2,486,800
Average Fircrest Assessed Value
$567,200
Average Pierce County Assessed Value
$465,900
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fircrest, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98466 | $406,250 | $478,775 | $567,200 | $646,600 | $723,050 |
| 98499 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Fircrest Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fircrest, Washington
Property tax bills in Fircrest, Pierce County, WA, are calculated based on the assessed value of the property, which is determined by the local assessor’s office. The median home price in Fircrest is $567,200, and the tax rate is applied to this value to determine the tax bill. Factors such as property improvements, location, and market trends can influence the assessed value. Homeowners in Fircrest can expect tax bills to vary, with the 25th percentile at $4,076 and the 75th percentile at $5,724. The highest median tax bill recorded is $4,975 in the 98466 zip code. Compared to the national median property tax rate of 0.99%, Fircrest's tax bills can be relatively high. This can significantly impact homeowners' finances, making it essential to manage property taxes effectively. Ownwell offers professional property tax appeal and exemption services to help homeowners reduce their tax burdens. By leveraging expert knowledge and local insights, Ownwell can identify discrepancies in assessed values and assist in filing appeals, potentially saving homeowners significant amounts on their property tax bills.
Average Fircrest Tax Bill
$4,975
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Fircrest, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98466 | $3,469 | $4,076 | $4,975 | $5,724 | $6,406 |
| 98499 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Fircrest Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 26 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Pierce Tax Assessor | |
| Phone | (253) 798-6111 |
| Website | atip.piercecountywa.gov |
| pcatr@piercecountywa.gov | |
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