Oysterville, Washington Property Taxes
The median property tax rate in Oysterville, WA is 0.79%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Oysterville at $268,950, the typical annual property tax bill amounts to $1,995, falling below the national median of $2,690. Property taxes in Oysterville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Oysterville'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 Oysterville or another part of Pacific County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oysterville, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$2,125
$2,076
Ownwell’s Oysterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oysterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oysterville 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 Oysterville, Washington
Property taxes in Oysterville, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oysterville is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Oysterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oysterville 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 Oysterville's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98641 has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these rates compare with Oysterville 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 Oysterville Tax Rate
0.79%
Average Pacific County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oysterville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98641 | 0.76% | 0.76% | 0.79% | 0.82% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Oysterville, Washington
In Oysterville, 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 Oysterville, 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 Oysterville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $268,950, with tax bills ranging from $774 at the 25th percentile to $4,858 at the 90th percentile. The highest and lowest median tax bills are both in the 98641 zip code, each at $1,995.
Average Oysterville Assessed Value
$268,950
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 Oysterville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98641 | $56,380 | $110,450 | $268,950 | $411,350 | $610,830 |
Source: Ownwell
Property Tax Bills Across Oysterville, Washington
In Oysterville, located in Pacific County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the market value of the property, recent sales data, and any improvements made to the property. For homeowners in Oysterville, the median home price is $268,950. Property tax bills can vary significantly, with the 25th percentile at $774 and the 75th percentile reaching $3,240. At the 90th percentile, tax bills can be as high as $4,858. Compared to the national median property tax rate of 0.99%, the tax rates in Oysterville reflect the local economic conditions and funding requirements for public services. Understanding these calculations helps homeowners anticipate their annual tax obligations and manage their finances effectively.
Average Oysterville Tax Bill
$1,995
Average Pacific County Tax Bill
$1,389
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Oysterville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98641 | $463 | $774 | $1,995 | $3,240 | $4,858 |
Source: Ownwell