Keyport, Washington Property Taxes
The median property tax rate in Keyport, WA is 0.89%, slightly below the national median of 0.99% but just above the Washington state median of 0.88%. With a median home value of $495,100 in Keyport, the typical annual property tax bill reaches $4,113, significantly exceeding the national median of $2,690. Property taxes in Keyport are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Keyport'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 Keyport or another part of Kitsap County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keyport, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$4,406
$4,305
$1,148
Average Keyport, Washington Tax Savings
Ownwell’s Keyport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keyport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keyport 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 Keyport. 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 Keyport, Washington
Property taxes in Keyport, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keyport is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Keyport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keyport 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 Keyport's effective property tax rate to other counties in Washington and the national median. For comparison, the 98345 zip code has the highest median property tax rate of 0.89%, while the 98345 zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Keyport provides valuable insights into the varying tax landscape across Kitsap County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keyport Tax Rate
0.89%
Average Kitsap County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keyport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98345 | 0.73% | 0.76% | 0.89% | 0.91% | 0.93% |
Source: Ownwell
$1,148
Average Keyport Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Keyport, Washington
In Keyport, 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 Kitsap 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 Keyport, 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. The median home price in the area stands at $495,100, with tax bills ranging from $2,645 at the 25th percentile to $8,793 at the 90th percentile. Both the highest and lowest median tax bills in the region are $4,113, found in the 98345 zip code. By understanding 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 Keyport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Keyport Assessed Value
$495,100
Average Kitsap County Assessed Value
$467,930
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keyport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98345 | $248,150 | $330,465 | $495,100 | $886,465 | $1,154,894 |
Source: Ownwell
$1,148
Average Keyport Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Keyport, Washington
In Keyport, Kitsap County, WA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in Keyport stands at $495,100. Property tax bills can vary significantly, with the 25th percentile at $2,645 and the 75th percentile reaching $6,834. Factors such as property size, location, and any improvements made can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Keyport face a unique landscape of property taxation. Homeowners in Keyport can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing individual property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. This personalized approach ensures that property taxes are fair and accurate, providing significant savings and financial relief to homeowners.
Average Keyport Tax Bill
$4,113
Average Kitsap County Tax Bill
$3,994
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Keyport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98345 | $1,634 | $2,645 | $4,113 | $6,834 | $8,793 |
Source: Ownwell
$1,148
Average Keyport Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 23 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Kitsap Tax Assessor | |
| Website | psearch.kitsapgov.com |
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