College Place, Washington Property Taxes
The median property tax rate in College Place, WA is 0.99%, matching the national median but significantly higher than the Washington state median of 0.88%. With a median home value of $346,105, the typical annual property tax bill in College Place reaches $3,445, surpassing the national median of $2,690. Property taxes in College Place are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding College Place'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 College Place or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
College Place, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$3,426
$3,347
Ownwell’s College Place Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in College Place. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in College Place to provide an accurate estimate of your property tax bill. This valuable resource helps you anticipate potential tax liabilities and plan your finances accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available as you scroll down. Your property’s assessed value, determined by Walla Walla County, is crucial for these calculations and may include applicable exemptions.
Property Tax Rates Across College Place, Washington
Property taxes in College Place, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in College Place is 0.99%, which aligns with both the Washington state median and the U.S. national median of 0.99%. Local government entities within College Place set these rates annually, and they can vary significantly across different neighborhoods. Each year, College Place 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 College Place's effective property tax rate to other counties in Washington and the national median. For comparison, the 99324 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with College Place provides valuable insights into the varying tax landscape across Walla Walla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average College Place Tax Rate
0.99%
Average Walla Walla County Tax Rate
0.91%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across College Place, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99324 | 0.66% | 0.93% | 0.99% | 1.06% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across College Place, Washington
In College Place, 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 Walla Walla 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 College Place, 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 College Place helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $346,105, with tax bills ranging from $2,303 at the 25th percentile to $5,011 at the 90th percentile. The highest and lowest median tax bills are both $3,445 in the 99324 zip code.
Property Tax Assessment Values Across College Place, Washington
Source: Ownwell
$112,220
$451,263
$790,305
Average College Place Assessed Value
$346,105
Average Walla Walla County Assessed Value
$340,770
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across College Place, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99324 | $113,444 | $249,238 | $346,105 | $418,110 | $501,750 |
Source: Ownwell
Property Tax Bills Across College Place, Washington
In College Place, located in Walla Walla 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 property tax rate to arrive at the annual tax bill. For instance, with a median home price of $346,105, homeowners can expect varying tax bills depending on their property's assessed value and location within the city. Homeowners in the 25th percentile might see tax bills around $2,303, while those in the 75th percentile could face bills up to $4,222. For the top 10% of properties, tax bills can soar to approximately $5,011. The highest median tax bill in the area is $3,445, a figure that aligns with the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average College Place Tax Bill
$3,445
Average Walla Walla County Tax Bill
$3,092
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across College Place, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99324 | $514 | $2,303 | $3,445 | $4,222 | $5,011 |
Source: Ownwell