Parker, Washington Property Taxes
The median property tax rate in Parker, WA is 1.07%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Parker, the typical annual property tax bill reaches $1,035, exceeding the national median of $2,690. Property taxes in Parker 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 Parker'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 Parker 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
Parker, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$971
$949
Ownwell’s Parker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parker 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 Parker, Washington
Property taxes in Parker, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parker is 1.07%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Parker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parker 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 Parker's effective property tax rate to other counties in Washington and the national median. For comparison, the 98939 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Parker provides valuable insights into the varying tax landscape across Yakima County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Parker Tax Rate
1.07%
Average Yakima County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parker, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98939 | 0.98% | 1.04% | 1.07% | 1.17% | 4.21% |
Source: Ownwell
Property Tax Assessment Values Across Parker, Washington
In Parker, 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 Yakima 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. Assessment notices in Parker 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 Parker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Parker, the median tax bill varies, with the highest median tax bill in the 98939 zip code at $1,035 and the lowest also in the 98939 zip code at $1,035.
Average Parker Assessed Value
$90,750
Average Yakima County Assessed Value
$200,300
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Parker, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98939 | $14,500 | $48,975 | $90,750 | $126,550 | $188,550 |
Source: Ownwell
Property Tax Bills Across Parker, Washington
In Parker, located in Yakima County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $90,750, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Homeowners in Parker typically see tax bills ranging from $611 at the 25th percentile to $2,669 at the 90th percentile. These figures indicate that while some homeowners may have relatively low tax bills, others may face significantly higher costs. Compared to the national median property tax rate of 0.99%, Parker's rates can vary widely, impacting homeowners differently based on their property’s assessed value. Understanding these factors is crucial for homeowners to budget and plan for their annual property tax obligations.
Average Parker Tax Bill
$1,035
Average Yakima County Tax Bill
$2,273
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Parker, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98939 | $172 | $611 | $1,035 | $1,742 | $2,669 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
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