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Mcchord Afb, Washington Property Taxes

The median property tax rate in MCCHORD AFB, WA is 1.18%, significantly higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value at $374,200, the typical annual property tax bill in MCCHORD AFB reaches $4,428, far exceeding the national median of $2,690. Property taxes in MCCHORD AFB are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding MCCHORD AFB'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 MCCHORD AFB or another part of Pierce County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Mcchord Afb, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.18%

Estimate Property Tax Bill

$4,416

$4,314

SAVE WITH OWNWELL

$1,148

Average Mcchord Afb, Washington Tax Savings

Ownwell’s MCCHORD AFB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MCCHORD AFB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MCCHORD AFB 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 MCCHORD AFB. 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 Mcchord Afb, Washington

Property taxes in MCCHORD AFB, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MCCHORD AFB is 1.18%, which is higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within MCCHORD AFB set these rates annually, and they can vary significantly across different neighborhoods. Each year, MCCHORD AFB 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 MCCHORD AFB's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98438 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these areas compare with MCCHORD AFB 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.

Property Tax Rates Across Mcchord Afb, Washington

Source: Ownwell

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0.67%

1.05%

1.43%

Average Mcchord Afb Tax Rate

1.18%

Average Pierce County Tax Rate

1.02%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Mcchord Afb, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
984381.18%1.18%1.18%1.18%1.18%

Source: Ownwell

Property Tax Assessment Values Across Mcchord Afb, Washington

In McChord AFB, 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 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 McChord AFB, 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 McChord AFB helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98438 has both the highest and lowest median tax bills at $4,428, which is significantly higher than the national median property tax rate of 0.99%.

Property Tax Assessment Values Across Mcchord Afb, Washington

Source: Ownwell

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$21,400

$1,254,100

$2,486,800

Average Mcchord Afb Assessed Value

$374,200

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 Mcchord Afb, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98438$374,200$374,200$374,200$374,200$374,200

Source: Ownwell

Property Tax Bills Across Mcchord Afb, Washington

In McChord AFB, Pierce County, WA, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $374,200, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, home improvements, and market conditions can influence the assessed value. Homeowners in McChord AFB face a median property tax bill of $4,428, which is significantly higher than the national median property tax rate of 0.99%. High property tax bills can be a financial burden, but Ownwell can help homeowners save on their property taxes. Ownwell offers property tax appeal and exemption services, identifying discrepancies in property assessments and filing appeals to reduce tax liabilities. By leveraging expert knowledge and local market insights, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Mcchord Afb, Washington

Source: Ownwell

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$144

$16,665

$33,185

Average Mcchord Afb Tax Bill

$4,428

Average Pierce County Tax Bill

$4,693

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Mcchord Afb, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98438$4,428$4,428$4,428$4,428$4,428

Source: Ownwell

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