Beavercreek, Washington Property Taxes
The median property tax rate in BEAVERCREEK, WA is 0.98%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in BEAVERCREEK, the typical annual property tax bill amounts to $84, significantly lower than the national median of $2,690. Property taxes in BEAVERCREEK are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding BEAVERCREEK'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 BEAVERCREEK 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
Beavercreek, 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 Beavercreek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beavercreek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beavercreek 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 Klickitat County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Beavercreek, Washington
Property taxes in Beavercreek, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beavercreek is 1.25%, higher than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Beavercreek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beavercreek 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 Beavercreek's effective property tax rate to other counties in Washington and the national median. For comparison, 98620 has the highest median property tax rate of 1.25%, while 98620 has the lowest median tax rate of 1.25%. Understanding how these cities compare with Beavercreek provides valuable insights into the varying tax landscape across Klickitat County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beavercreek Tax Rate
0.98%
Average Klickitat County Tax Rate
1.07%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beavercreek, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97004 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Beavercreek, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beavercreek, Washington. 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 Klickitat 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 Beavercreek, 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 Beavercreek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beavercreek Assessed Value
$8,500
Average Klickitat County Assessed Value
$126,140
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beavercreek, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97004 | $8,500 | $8,500 | $8,500 | $8,500 | $8,500 |
Source: Ownwell
Property Tax Bills Across Beavercreek, Washington
In Beavercreek, Klickitat County, WA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by the county assessor. Several factors influence this assessment, including property size, location, and market trends. For homeowners in Beavercreek, the median home price is $8,500, significantly lower than the national median. Consequently, property tax bills are also relatively modest. For instance, the tax bills at the 25th, 75th, and 90th percentiles are all $84, reflecting the uniformity in assessed values within the area. This relatively low tax burden can be a financial relief for residents, particularly when compared to the national median property tax rate of 0.99%. Overall, understanding how property tax bills are calculated helps homeowners in Beavercreek anticipate their annual expenses and manage their budgets more effectively.
Average Beavercreek Tax Bill
$84
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Beavercreek, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97004 | $84 | $84 | $84 | $84 | $84 |
Source: Ownwell