Tenino, Washington Property Taxes
The median property tax rate in Tenino, WA is 0.87%, slightly lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $397,050 in Tenino, the typical annual property tax bill reaches $3,323, surpassing the national median of $2,690. Property taxes in Tenino are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Tenino'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 Tenino or another part of Thurston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tenino, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$3,454
$3,375
$1,148
Average Tenino, Washington Tax Savings
Ownwell’s Tenino Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tenino with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tenino 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 Tenino. 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 Tenino, Washington
Property taxes in Tenino, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tenino is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Tenino set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tenino 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 Tenino's effective property tax rate to other areas within Thurston County and the national median. For comparison, the zip code 98589 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these figures compare with Tenino provides valuable insights into the varying tax landscape across Thurston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tenino Tax Rate
0.87%
Average Thurston County Tax Rate
0.94%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tenino, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98589 | 0.73% | 0.82% | 0.87% | 0.91% | 0.98% |
Source: Ownwell
$1,148
Average Tenino Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tenino, Washington
In Tenino, 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 Thurston County Assessor 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 Tenino, 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. The median home price in Tenino is $397,050, with tax bills ranging from $1,862 at the 25th percentile to $4,567 at the 75th percentile. The highest and lowest median tax bills are both $3,323 in the zip code 98589. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Tenino Assessed Value
$397,050
Average Thurston County Assessed Value
$437,400
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tenino, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98589 | $114,980 | $250,650 | $397,050 | $536,350 | $692,410 |
Source: Ownwell
$1,148
Average Tenino Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tenino, Washington
In Tenino, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the Thurston County Assessor's Office. This assessed value is then multiplied by the local property tax rate to determine your annual tax bill. Factors such as changes in the real estate market, home improvements, and neighborhood developments can influence your home's assessed value. For instance, with a median home price of $397,050, property tax bills can vary significantly. The 25th percentile tax bill is around $1,862, while the 75th percentile reaches $4,567, and the 90th percentile can go up to $5,985. These amounts are influenced by the local tax rate and the assessed value of properties. Ownwell helps homeowners in Tenino save on their property tax bills by providing professional property tax appeal and exemption services. By accurately evaluating your home's assessed value and identifying potential discrepancies, Ownwell can effectively lower your property tax bill, ensuring you only pay your fair share.
Average Tenino Tax Bill
$3,323
Average Thurston County Tax Bill
$4,041
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Tenino, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98589 | $566 | $1,862 | $3,323 | $4,567 | $5,985 |
Source: Ownwell
$1,148
Average Tenino Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | October 28 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Thurston Tax Assessor | |
| Website | tcproperty.co.thurston.wa.us |
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