Lowden, Washington Property Taxes
The median property tax rate in Lowden, WA is 1.10%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Lowden at $732,810, the typical annual property tax bill reaches $8,074, exceeding the national median of $2,690. Property taxes in Lowden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lowden'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 Lowden 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
Lowden, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$8,061
$7,875
Ownwell’s Lowden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lowden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lowden 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 Lowden, Washington
Property taxes in Lowden, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lowden is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Lowden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lowden 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 Lowden's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 99360 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these areas compare with Lowden 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 Lowden Tax Rate
1.10%
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 Lowden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99360 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Lowden, Washington
In Lowden, 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 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 Lowden, 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 Lowden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 99360, both at $8,074.
Average Lowden Assessed Value
$732,810
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 Lowden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99360 | $732,810 | $732,810 | $732,810 | $732,810 | $732,810 |
Source: Ownwell
Property Tax Bills Across Lowden, Washington
In Lowden, located in Walla Walla County, WA, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. For instance, a median home in Lowden is valued at $732,810. Homeowners in Lowden face a median property tax bill of $8,074, which is significantly higher than the national median property tax rate of 0.99%. This high tax bill can be attributed to the higher property values in the area. The tax bill remains consistent across various percentiles, indicating a uniform tax rate application. Factors such as property improvements, location, and market trends can influence the assessed value, thereby affecting the tax bill. For homeowners, this means that as property values increase, so does the potential property tax bill, impacting annual budgeting and long-term financial planning.
Average Lowden Tax Bill
$8,074
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 Lowden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99360 | $8,074 | $8,074 | $8,074 | $8,074 | $8,074 |
Source: Ownwell