Kennewick, Washington Property Taxes
The median property tax rate in Kennewick, WA is 0.71%, notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Kennewick at $278,120, the typical annual property tax bill amounts to $2,048, which is below the national median of $2,690. Property taxes in Kennewick are determined based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Kennewick's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Kennewick or another part of the city, a deep knowledge of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kennewick, 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 Kennewick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kennewick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kennewick 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 Kennewick, Washington
Property taxes in Kennewick, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kennewick is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Kennewick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kennewick 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 Kennewick's effective property tax rate to other areas in Benton County and the national median. For comparison, the 99335 zip code has the highest median property tax rate of 0.99%, while the 99338 zip code has the lowest median tax rate of 0.71%. Understanding how these areas compare with Kennewick provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kennewick Tax Rate
0.71%
Average Benton County Tax Rate
0.98%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99335 | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
| 99336 | 0.70% | 0.71% | 0.71% | 0.72% | 0.85% |
| 99337 | 0.71% | 0.71% | 0.71% | 0.81% | 0.96% |
| 99338 | 0.70% | 0.71% | 0.71% | 0.82% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Kennewick, Washington
In Kennewick, 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 Benton 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 Kennewick, 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. For example, the zip code 99335 has the highest median tax bill at $4,463, while the zip code 99336 has the lowest at $1,766. 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 Kennewick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kennewick Assessed Value
$278,120
Average Benton County Assessed Value
$282,560
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99335 | $448,650 | $448,650 | $448,650 | $448,650 | $448,650 |
| 99336 | $112,240 | $186,662 | $240,280 | $294,580 | $367,241 |
| 99337 | $92,700 | $220,090 | $279,150 | $342,365 | $441,260 |
| 99338 | $199,448 | $295,760 | $377,900 | $493,210 | $623,772 |
Source: Ownwell
Property Tax Bills Across Kennewick, Washington
In Kennewick, property tax bills are calculated based on the assessed value of a home, which is determined by the Benton County Assessor's Office. This assessed value is a percentage of the market value of the property. The tax rate is then applied to this assessed value to determine the annual property tax bill. Various factors influence the final tax bill, including local levies for schools, infrastructure, and other public services. For homeowners in Kennewick, the median home price is $278,120, and property tax bills vary widely. The 25th percentile tax bill is $1,550, while the 75th percentile tax bill is $2,655, and the 90th percentile reaches $3,662. The highest median tax bill in the area is $4,463 in the 99335 zip code, whereas the lowest is $1,766 in the 99336 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Kennewick experience a range of tax burdens, impacting their annual financial planning and overall cost of homeownership.
Average Kennewick Tax Bill
$2,048
Average Benton County Tax Bill
$2,407
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99335 | $4,463 | $4,463 | $4,463 | $4,463 | $4,463 |
| 99336 | $421 | $1,348 | $1,766 | $2,138 | $2,647 |
| 99337 | $510 | $1,636 | $2,092 | $2,586 | $3,363 |
| 99338 | $990 | $2,146 | $2,748 | $3,854 | $5,056 |
Source: Ownwell