Cook, Washington Property Taxes
The median property tax rate in Cook, Washington is 1.16%, significantly higher than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $61,680 in Cook, the typical annual property tax bill is $713, which is below the national median of $2,690. Property taxes in Cook are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cook's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cook or another part of Klickitat County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cook, 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 Cook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cook 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 Cook, Washington
Property taxes in Cook, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cook is 1.16%, notably higher than the U.S. national median of 0.99%. Local government entities within Cook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cook 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 Cook's effective property tax rate to other counties in Washington and the national median. For comparison, the 98605 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Cook 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 Cook Tax Rate
1.16%
Average Klickitat County Tax Rate
1.07%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cook, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Cook, Washington
In Cook, 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 Klickitat County Appraisal District 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 Cook, 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 Cook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cook is $713 in the 98605 zip code, which also has the lowest median tax bill, reflecting a consistent property tax landscape.
Average Cook Assessed Value
$61,680
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 Cook, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | $61,680 | $61,680 | $61,680 | $61,680 | $61,680 |
Source: Ownwell
Property Tax Bills Across Cook, Washington
In Cook, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. In Klickitat County, where Cook is located, the median home price is $61,680. Homeowners in Cook can expect a median property tax bill of $713, which is notably higher than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, this tax bill directly impacts annual housing costs and can affect the affordability of homeownership. Comparatively, Cook's property tax burden is consistent, with the 25th, 75th, and 90th percentiles all reporting tax bills of $713. This uniformity suggests a stable and predictable tax environment for residents.
Average Cook Tax Bill
$713
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Cook, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | $713 | $713 | $713 | $713 | $713 |
Source: Ownwell