Deming, Washington Property Taxes
The median property tax rate in Deming, WA is 0.65%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Deming, the typical annual property tax bill reaches $652, significantly below the national median of $2,690. Property taxes in Deming 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 Deming'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 Deming 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
Deming, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$736
$719
$1,148
Average Deming, Washington Tax Savings
Ownwell’s Deming Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deming with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deming 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 Deming. 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 Deming, Washington
Property taxes in Deming, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deming is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Deming set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deming 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 Deming's effective property tax rate to other counties in Washington and the national median. For comparison, the 98244 zip code has both the highest and lowest median property tax rate of 0.65%. Understanding how these areas compare with Deming 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 Deming Tax Rate
0.65%
Average Whatcom County Tax Rate
0.73%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deming, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98244 | 0.47% | 0.57% | 0.65% | 0.72% | 0.79% |
Source: Ownwell
$1,148
Average Deming Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Deming, Washington
In Deming, 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's Office 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 Deming, 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 Deming helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 98244 has the highest and lowest median tax bill, both at $652, highlighting the importance of understanding these values to manage your property taxes effectively.
Average Deming Assessed Value
$113,261
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 Deming, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98244 | $23,660 | $29,885 | $113,261 | $444,424 | $618,581 |
Source: Ownwell
$1,148
Average Deming Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Deming, Washington
In Deming, Whatcom County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. With a median home price of $113,261, homeowners in Deming can expect varying tax bills. The 25th percentile tax bill is $178, while the 75th percentile reaches $2,801, and the 90th percentile can go up to $4,025. The property tax rate in Deming is influenced by local government budgets, public services, and school funding requirements. Homeowners with properties in the 98244 zip code experience a median tax bill of $652, which is significantly lower than the national median property tax rate of 0.99%. Ownwell can assist homeowners in Deming by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.
Average Deming Tax Bill
$652
Average Whatcom County Tax Bill
$3,632
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Deming, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98244 | $135 | $178 | $652 | $2,801 | $4,025 |
Source: Ownwell
$1,148
Average Deming 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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