Malden, Washington Property Taxes
The median property tax rate in Malden, WA is 1.02%, slightly higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Malden, the typical annual property tax bill reaches $41, which is significantly lower than the national median of $2,690. Property taxes in Malden 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 Malden'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 Malden or another part of Whitman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Malden, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$65
$64
Ownwell’s Malden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Malden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malden 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 Malden, Washington
Property taxes in Malden, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malden is 1.02%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Malden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Malden 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 Malden's effective property tax rate to other counties in Washington and the national median. For comparison, the 99149 zip code has the highest median property tax rate of 1.02%, while the 99170 zip code has the lowest median tax rate of 1.02%. Understanding how these cities compare with Malden provides valuable insights into the varying tax landscape across Whitman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Malden Tax Rate
1.02%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Malden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99149 | 0.23% | 1.02% | 1.02% | 1.02% | 1.02% |
| 99170 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Malden, Washington
In Malden, 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 Whitman County Assessor's Office 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 Malden, 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. The median home price in Malden is $6,420, with the 25th percentile tax bill at $20 and the 75th percentile at $295. Notably, the highest median tax bill in the region is $823 in the 99170 zip code, which also has the lowest median tax bill. By understanding 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 Malden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Malden Assessed Value
$6,420
Average Whitman County Assessed Value
$117,153
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Malden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99149 | $2,000 | $2,000 | $6,300 | $40,800 | $106,052 |
| 99170 | $80,680 | $80,680 | $80,680 | $80,680 | $80,680 |
Source: Ownwell
Property Tax Bills Across Malden, Washington
In Malden, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by county assessors, who evaluate the market value of homes. The tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include property size, location, and improvements, as well as local government budget requirements. For homeowners in Malden, the financial impact of property taxes can vary widely. The 25th percentile of tax bills is around $20, while the 75th percentile reaches $295, and the 90th percentile soars to $854. Compared to the national median property tax rate of 0.99%, Malden's tax rates reflect a significant variance, influenced by the specific needs and budgets of the local government. This variability means that while some homeowners may pay relatively low taxes, others could face substantial annual tax bills, affecting their overall financial planning and homeownership costs.
Average Malden Tax Bill
$41
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Malden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99149 | $18 | $20 | $41 | $294 | $863 |
| 99170 | $823 | $823 | $823 | $823 | $823 |
Source: Ownwell