Acme, Washington Property Taxes
The median property tax rate in ACME, WA is 0.74%, noticeably lower than both the national median of 0.99% and Washington's state median of 0.88%. With the median home value in ACME at $304,910, the typical annual property tax bill amounts to $1,897, which is below the national median of $2,690. Property taxes in ACME are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding ACME'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 ACME 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
Acme, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,256
$2,204
$1,148
Average Acme, Washington Tax Savings
Ownwell’s ACME Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ACME with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ACME 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 ACME. 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 Acme, Washington
Property taxes in ACME, WA, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in ACME is 0.74%, significantly lower than the U.S. national median of 0.99%. Local government entities within ACME set these rates annually, and they can vary significantly across different neighborhoods. Each year, ACME 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 ACME's effective property tax rate to other counties in Washington and the national median. For comparison, the 98220 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with ACME provides valuable insights into the varying tax landscape across Whatcom County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Acme Tax Rate
0.74%
Average Whatcom County Tax Rate
0.73%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Acme, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98220 | 0.14% | 0.52% | 0.74% | 0.83% | 0.83% |
Source: Ownwell
$1,148
Average Acme Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Acme, Washington
In ACME, 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 Whatcom 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 ACME, 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 ACME helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Whatcom County are both in the 98220 zip code, each amounting to $1,897.
Average Acme Assessed Value
$304,910
Average Whatcom County Assessed Value
$517,614
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Acme, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98220 | $34,778 | $120,328 | $304,910 | $498,123 | $655,863 |
Source: Ownwell
$1,148
Average Acme Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Acme, Washington
Property tax bills in ACME, Whatcom County, WA, are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property. For example, with a median home price of $304,910, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $388, while the 75th percentile tax bill reaches $3,479, and the 90th percentile tax bill can be as high as $4,939. These variations depend on factors such as property size, location, and improvements made. High property taxes can be a significant financial burden for homeowners. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are assessed fairly, potentially reducing their tax bills. With a thorough understanding of local tax laws and regulations, Ownwell can identify discrepancies in assessments and work to lower your property tax obligations, providing substantial savings.
Average Acme Tax Bill
$1,897
Average Whatcom County Tax Bill
$3,632
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Acme, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98220 | $94 | $388 | $1,897 | $3,479 | $4,939 |
Source: Ownwell
$1,148
Average Acme Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 19 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Whatcom Tax Assessor | |
| Website | property.spatialest.com |
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