Wallula, Washington Property Taxes
The median property tax rate in Wallula, WA is 1.09%, which is considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Wallula, the typical annual property tax bill reaches $1,481, exceeding the national median of $2,690. Property taxes in Wallula 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 Wallula'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 Wallula or another part of Walla Walla County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wallula, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Wallula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wallula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wallula 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 Wallula, Washington
Property taxes in Wallula, WA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wallula is 1.09%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Wallula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wallula 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 Wallula's effective property tax rate to other counties in Washington and the national median. For comparison, the 99363 zip code has the highest median property tax rate of 1.09%, while the 99363 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Wallula provides valuable insights into the varying tax landscape across Walla Walla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wallula Tax Rate
1.09%
Average Walla Walla County Tax Rate
0.91%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wallula, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99363 | 0.66% | 1.03% | 1.09% | 1.18% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Wallula, Washington
In Wallula, 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 Walla Walla 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 Wallula, 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 Wallula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Wallula is 99363, with a median tax bill of $1481.
Average Wallula Assessed Value
$144,315
Average Walla Walla County Assessed Value
$340,770
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wallula, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99363 | $66,572 | $89,452 | $144,315 | $223,768 | $358,271 |
Source: Ownwell
Property Tax Bills Across Wallula, Washington
Property tax bills in Wallula, located in Walla Walla County, WA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office, which evaluates the property's market value and applies the appropriate assessment ratio. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including property size, location, and any improvements made. Homeowners in Wallula can expect varying tax bills; for instance, the tax bill at the 25th percentile is $1,154, while at the 75th percentile, it reaches $2,101. The tax bill at the 90th percentile can be as high as $2,522. These figures contrast with the national median property tax rate of 0.99%, highlighting the variability within the region. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Accurate assessments ensure fair taxation, while local tax rates fund essential community services such as schools, infrastructure, and public safety.
Average Wallula Tax Bill
$1,481
Average Walla Walla County Tax Bill
$3,092
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Wallula, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99363 | $855 | $1,154 | $1,481 | $2,101 | $2,522 |
Source: Ownwell