Bay Center, Washington Property Taxes
The median property tax rate in Bay Center, WA is 0.82%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value in Bay Center of $164,000, the typical annual property tax bill amounts to $1,206, significantly below the national median of $2,690. Property taxes in Bay Center are based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bay Center'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 Bay Center 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
Bay Center, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,345
$1,314
Ownwell’s Bay Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bay Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bay Center 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 Bay Center, Washington
Property taxes in Bay Center, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bay Center is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Bay Center set these rates annually, and they can vary across different neighborhoods. Each year, Bay Center 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 Bay Center's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98527 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Bay Center provides valuable insights into the varying tax landscape across Pacific County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bay Center Tax Rate
0.82%
Average Pacific County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bay Center, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98527 | 0.82% | 0.82% | 0.82% | 0.83% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Bay Center, Washington
In Bay Center, 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 Pacific 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 Bay Center, 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 Bay Center 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 $1206 in the 98527 zip code.
Average Bay Center Assessed Value
$164,000
Average Pacific County Assessed Value
$192,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bay Center, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98527 | $60,420 | $131,350 | $164,000 | $356,700 | $403,560 |
Source: Ownwell
Property Tax Bills Across Bay Center, Washington
In Bay Center, WA, property tax bills are calculated based on the assessed value of a property, which is determined by the Pacific County Assessor's Office. The assessed value is a percentage of the market value, reflecting what the property would likely sell for in the current market. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Bay Center, the median home price is $164,000. The tax bill can vary significantly, with the 25th percentile at $1,061 and the 75th percentile at $2,529, indicating a range of property values and tax rates within the area. The 90th percentile tax bill reaches up to $3,059, showcasing the upper end of property taxes in the region. Compared to the national median property tax rate of 0.99%, Bay Center's property tax rate can have a notable impact on homeowners' finances, especially for those with higher-valued properties. This variability underscores the importance of understanding local property tax assessments and their implications for household budgets.
Average Bay Center Tax Bill
$1,206
Average Pacific County Tax Bill
$1,389
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Bay Center, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98527 | $278 | $1,061 | $1,206 | $2,529 | $3,059 |
Source: Ownwell