Milton, Washington Property Taxes
The median property tax rate in Milton, WA is 1.01%, slightly higher than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $498,900 in Milton, the typical annual property tax bill reaches $4,964, significantly exceeding the national median of $2,690. Property taxes in Milton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Milton'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 Milton 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
Milton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$5,039
$4,923
$1,148
Average Milton, Washington Tax Savings
Ownwell’s Milton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milton to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Milton. 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 Pierce County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Milton, Washington
Property taxes in Milton, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milton is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Milton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milton 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. Understanding how these cities compare with Milton provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milton Tax Rate
1.01%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98354 | 0.96% | 1.00% | 1.01% | 1.02% | 1.04% |
Source: Ownwell
$1,148
Average Milton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Milton, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Milton, WA. 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 Pierce County Assessor-Treasurer 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 Milton, 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. Milton's median home price is $498,900, with tax bills ranging from $3,940 at the 25th percentile to $7,167 at the 90th percentile. The highest and lowest median tax bills are both $4,966, found in zip code 98354. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Milton Assessed Value
$498,900
Average Pierce County Assessed Value
$465,900
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98354 | $329,300 | $398,400 | $498,900 | $588,000 | $727,840 |
Source: Ownwell
$1,148
Average Milton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Milton, Washington
In Milton, Pierce County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For Milton, the median home price is $498,900, and homeowners can expect a tax bill ranging from $3,940 at the 25th percentile to $7,167 at the 90th percentile. The highest median tax bill in the area is $4,966, which is notably higher than the national median property tax rate of 0.99%. Several factors influence your property tax bill, including property size, location, and any applicable exemptions. High property taxes can significantly impact homeowners' budgets, making it essential to ensure your property is not over-assessed. Ownwell offers expert property tax appeal and exemption services to help homeowners in Milton reduce their tax burdens. By analyzing your property’s assessed value and identifying discrepancies, Ownwell can assist in filing appeals and securing exemptions, potentially saving you hundreds or even thousands of dollars annually.
Average Milton Tax Bill
$4,964
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Milton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98354 | $3,244 | $3,941 | $4,966 | $5,788 | $7,167 |
Source: Ownwell
$1,148
Average Milton Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 26 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Pierce Tax Assessor | |
| Phone | (253) 798-6111 |
| Website | atip.piercecountywa.gov |
| pcatr@piercecountywa.gov | |
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