Thornton, Washington Property Taxes
The median property tax rate in Thornton, WA is 1.28%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Thornton at $77,105, the typical annual property tax bill reaches $847, which is lower than the national median of $2,690. Property taxes in Thornton 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 Thornton'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 Thornton 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
Thornton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$987
$964
Ownwell’s Thornton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thornton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thornton 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 Thornton, Washington
Property taxes in Thornton, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thornton is 1.28%, which is higher than the U.S. national median of 0.99%. Local government entities within Thornton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thornton 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 Thornton's effective property tax rate to other counties in Washington and the national median. For comparison, the 99176 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Thornton 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 Thornton Tax Rate
1.28%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thornton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99171 | N/A | N/A | N/A | N/A | N/A |
| 99176 | 0.50% | 1.07% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Thornton, Washington
In Thornton, 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 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 Thornton, 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 Thornton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 99176 at $924, while the lowest is also 99176 at $924.
Average Thornton Assessed Value
$77,105
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 Thornton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99171 | N/A | N/A | N/A | N/A | N/A |
| 99176 | $1,680 | $13,645 | $77,858 | $170,585 | $306,534 |
Source: Ownwell
Property Tax Bills Across Thornton, Washington
In Thornton, Whitman County, WA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Thornton is $77,105, which serves as a basis for calculating the tax bill. Tax rates can vary, but they typically fall around the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $86, while at the 75th percentile, it rises to $2,051, and at the 90th percentile, it can reach $3,503. These figures illustrate the range of property tax bills homeowners might encounter, depending on their property's assessed value and the specific tax rate applied. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual expenses. Accurate assessments and awareness of potential exemptions can help mitigate the financial burden.
Average Thornton Tax Bill
$847
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Thornton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99171 | N/A | N/A | N/A | N/A | N/A |
| 99176 | $7 | $88 | $924 | $2,062 | $3,510 |
Source: Ownwell