Lilliwaup, Washington Property Taxes
The median property tax rate in Lilliwaup, WA is 0.63%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $234,715 in Lilliwaup, the typical annual property tax bill amounts to $1,404, falling well below the national median of $2,690. Property taxes in Lilliwaup are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Lilliwaup'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 Lilliwaup or another part of Mason County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lilliwaup, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,479
$1,445
Ownwell’s Lilliwaup Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lilliwaup with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lilliwaup 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 Mason County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lilliwaup, Washington
Property taxes in Lilliwaup, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lilliwaup is 0.63%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Lilliwaup set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lilliwaup 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 Lilliwaup's effective property tax rate to other counties in Washington and the national median. For comparison, the 98555 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Lilliwaup provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lilliwaup Tax Rate
0.63%
Average Mason County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lilliwaup, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98555 | 0.62% | 0.62% | 0.63% | 0.65% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Lilliwaup, Washington
In Lilliwaup, 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 Mason 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 Lilliwaup, 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 Lilliwaup helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lilliwaup is $234,715, with tax bills ranging from $541 at the 25th percentile to $3,817 at the 90th percentile. Notably, the zip code 98555 has both the highest and lowest median tax bill at $1,404.
Property Tax Assessment Values Across Lilliwaup, Washington
Source: Ownwell
$110,185
$623,515
$1,136,845
Average Lilliwaup Assessed Value
$234,715
Average Mason County Assessed Value
$304,420
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lilliwaup, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98555 | $37,605 | $98,860 | $234,715 | $385,715 | $622,460 |
Source: Ownwell
Property Tax Bills Across Lilliwaup, Washington
In Lilliwaup, located in Mason County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Lilliwaup is $234,715. The assessed value is determined by the county assessor, who evaluates the property's market value and applies the local tax rate to calculate the tax bill. Several factors influence the tax bill, including the property’s location, size, and any improvements made. Homeowners in Lilliwaup can expect varying tax bills; for example, the 25th percentile tax bill is $541, while the 75th percentile reaches $2,381, and the 90th percentile can go up to $3,817. Compared to the national median property tax rate of 0.99%, Mason County's rates can significantly impact homeowners. Higher assessed values or local tax rates can lead to higher tax bills, affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Lilliwaup Tax Bill
$1,404
Average Mason County Tax Bill
$2,654
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Lilliwaup, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98555 | $236 | $541 | $1,404 | $2,381 | $3,817 |
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 | |
|---|---|
| Mason Tax Assessor | |
| Website | property.masoncountywa.gov |