Auburn, Washington Property Taxes
The median property tax rate in Auburn, WA is 0.95%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Auburn at $102,200, the typical annual property tax bill amounts to $976, which is significantly lower than the national median of $2,690. Property taxes in Auburn are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding Auburn'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 Auburn 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
Auburn, 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 Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Washington
Property taxes in Auburn, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other counties in Washington and the national median. For comparison, the 98001 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these areas compare with Auburn provides valuable insights into the varying tax landscape across King County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.95%
Average Douglas County Tax Rate
0.99%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98001 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Washington
In Auburn, 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 Douglas 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 Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Auburn both amount to $976, found in zip code 98001.
Average Auburn Assessed Value
$102,200
Average Douglas County Assessed Value
$332,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98001 | $102,200 | $102,200 | $102,200 | $102,200 | $102,200 |
Source: Ownwell
Property Tax Bills Across Auburn, Washington
In Auburn, WA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is meant to reflect the market value of the home. For instance, the median home price in Auburn is $102,200. Property tax rates are then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including local levy rates and any exemptions or deductions for which the homeowner may qualify. In Auburn, the median property tax bill is $976, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can be beneficial for homeowners, making property ownership more affordable compared to other regions. Homeowners in Auburn can expect their property tax bill to fall within a narrow range, as the 25th, 75th, and 90th percentiles all report a tax bill of $976. This consistency provides predictability for budgeting and financial planning.
Average Auburn Tax Bill
$976
Average Douglas County Tax Bill
$3,320
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98001 | $976 | $976 | $976 | $976 | $976 |
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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