Vancouver, Washington Property Taxes
The median property tax rate in Vancouver, WA is 0.80%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $106,100, the typical annual property tax bill in Vancouver amounts to $849, significantly less than the national median of $2,690. Property taxes in Vancouver are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Vancouver's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Vancouver 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
Vancouver, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$849
$829
Ownwell’s Vancouver Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Vancouver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vancouver 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 Vancouver, Washington
Property taxes in Vancouver, WA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vancouver is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Vancouver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vancouver 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 Vancouver's effective property tax rate to other counties in Washington and the national median. For comparison, the 98682 zip code has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Vancouver 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 Vancouver Tax Rate
0.80%
Average Pacific County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vancouver, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98682 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Vancouver, Washington
In Vancouver, 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 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 Vancouver, 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 Vancouver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98682 has the highest and lowest median tax bills, both at $849.
Average Vancouver Assessed Value
$106,100
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 Vancouver, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98682 | $106,100 | $106,100 | $106,100 | $106,100 | $106,100 |
Source: Ownwell
Property Tax Bills Across Vancouver, Washington
In Vancouver, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. For homeowners in Vancouver, the median home price is $106,100, leading to a consistent tax bill of $849 across various percentiles, including the 25th, 75th, and 90th. The tax rate in Vancouver is influenced by several factors, including funding needs for local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Vancouver's rate translates into a relatively lower tax burden for homeowners. This consistency in tax bills across different areas within Vancouver, as seen in zip code 98682, provides homeowners with a predictable financial obligation, which can aid in budgeting and financial planning. Understanding these factors can help homeowners anticipate their annual property tax expenses and manage their finances more effectively.
Average Vancouver Tax Bill
$849
Average Pacific County Tax Bill
$1,389
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Vancouver, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98682 | $849 | $849 | $849 | $849 | $849 |
Source: Ownwell