Union, Washington Property Taxes
The median property tax rate in Union, WA is 0.72%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Union at $396,390, the typical annual property tax bill comes to $2,850, slightly above the national median of $2,690. Property taxes in Union are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Union'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 Union 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
Union, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$2,854
$2,788
Ownwell’s Union Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Union using just two key data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Union to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities effortlessly. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Union, Washington
Property taxes in Union, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Union set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union 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 Union's effective property tax rate to other areas in Washington and the national median. For comparison, the 98592 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with Union 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 Union Tax Rate
0.72%
Average Mason County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98592 | 0.72% | 0.72% | 0.72% | 0.73% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Union, Washington
In Union, 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 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 Union, 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 Union helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Union are both $2850, located in zip code 98592.
Average Union Assessed Value
$396,390
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 Union, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98592 | $42,334 | $233,048 | $396,390 | $558,801 | $720,972 |
Source: Ownwell
Property Tax Bills Across Union, Washington
In Union, located in Mason County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Union experience a range of property tax bills. At the 25th percentile, the tax bill is around $1,544, while at the 75th percentile, it rises to approximately $4,030. Those in the 90th percentile face tax bills as high as $5,306. The median home price in Union is $396,390, which significantly influences these tax amounts. Several factors contribute to the final tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Union's property taxes reflect both the local real estate market and the specific rates set by Mason County. For homeowners, understanding these factors is crucial for budgeting and financial planning, as property taxes represent a significant annual expense.
Average Union Tax Bill
$2,850
Average Mason County Tax Bill
$2,654
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Union, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98592 | $292 | $1,544 | $2,850 | $4,030 | $5,306 |
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 |