Port Hadlock, Washington Property Taxes
The median property tax rate in Port Hadlock, WA is 0.77%, notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $251,118 in Port Hadlock, the typical annual property tax bill amounts to $1,853, which is well below the national median of $2,690. Property taxes in Port Hadlock are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Port Hadlock's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Port Hadlock or another part of Jefferson County, a thorough understanding of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Port Hadlock, 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 Port Hadlock Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Port Hadlock using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Port Hadlock to provide an estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed information, localized trends are available by scrolling down. Your property’s assessed value is determined by Jefferson County for tax purposes, and it accounts for any applicable exemptions.
Property Tax Rates Across Port Hadlock, Washington
Property taxes in Port Hadlock, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Hadlock is 0.77%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Port Hadlock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Hadlock 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 Port Hadlock's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98339 has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these areas compare with Port Hadlock provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Hadlock Tax Rate
0.77%
Average Jefferson County Tax Rate
0.82%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Hadlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98339 | 0.75% | 0.76% | 0.77% | 0.79% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Port Hadlock, Washington
In Port Hadlock, 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 Jefferson 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 Port Hadlock, 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 instance, the median home price in Port Hadlock is $251,118, with tax bills ranging from $891 at the 25th percentile to $4,129 at the 90th percentile. The zip code 98339 has the highest and lowest median tax bill, both at $1,853. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Port Hadlock, Washington
Source: Ownwell
$67,956
$305,205
$542,454
Average Port Hadlock Assessed Value
$251,118
Average Jefferson County Assessed Value
$406,419
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Hadlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98339 | $51,805 | $144,568 | $251,118 | $354,627 | $574,130 |
Source: Ownwell
Property Tax Bills Across Port Hadlock, Washington
In Port Hadlock, Jefferson 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 is meant to reflect the market value of the property. For homeowners in this region, the median home price is $251,118. The local tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and local levies. For instance, tax bills in Port Hadlock can range significantly; the 25th percentile tax bill is $891, while the 75th percentile reaches $2,639, and the 90th percentile climbs to $4,129. This variability shows how different factors can lead to substantial differences in tax amounts. Homeowners in Port Hadlock experience property tax rates that, while variable, can be compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners better anticipate their financial obligations and plan accordingly.
Average Port Hadlock Tax Bill
$1,853
Average Jefferson County Tax Bill
$3,190
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Hadlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98339 | $256 | $891 | $1,853 | $2,639 | $4,129 |
Source: Ownwell