Elbe, Washington Property Taxes
The median property tax rate in Elbe, WA is 0.72%, lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Elbe at $221,100, the typical annual property tax bill reaches $1,609, which is below the national median of $2,690. Property taxes in Elbe are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Elbe'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 Elbe 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
Elbe, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,592
$1,555
Ownwell’s ELBE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ELBE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ELBE 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 Elbe, Washington
Property taxes in Elbe, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elbe is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Elbe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elbe 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 Elbe's effective property tax rate to other areas in Washington and the national median. For comparison, the 98330 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Elbe provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elbe Tax Rate
0.72%
Average Lewis County Tax Rate
0.75%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elbe, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98330 | 0.72% | 0.72% | 0.72% | 0.74% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Elbe, Washington
In Elbe, 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 Lewis 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 Elbe, 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 Elbe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1609, found in the 98330 zip code.
Average Elbe Assessed Value
$221,100
Average Lewis County Assessed Value
$301,900
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elbe, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98330 | $76,750 | $138,925 | $221,100 | $486,600 | $614,980 |
Source: Ownwell
Property Tax Bills Across Elbe, Washington
In Elbe, located in Lewis County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The county applies a specific tax rate to this assessed value to compute the annual tax bill. The median home price in Elbe is $221,100, and homeowners can expect varying tax bills depending on their property's valuation. For instance, tax bills in the 25th percentile are around $1,017, while those in the 75th percentile reach approximately $3,497. At the 90th percentile, tax bills can go as high as $4,398. The highest and lowest median tax bills in the area are both $1,609, indicating a consistent tax rate within the zip code 98330. Compared to the national median property tax rate of 0.99%, Elbe's property taxes can be seen as relatively moderate. This calculation affects homeowners by determining their annual financial obligation, which can impact their overall housing affordability and budget planning.
Average Elbe Tax Bill
$1,609
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Elbe, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98330 | $579 | $1,017 | $1,609 | $3,497 | $4,398 |
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 |
Links | |
|---|---|
| Lewis Tax Assessor | |
| Website | parcels.lewiscountywa.gov |