Outlook, Washington Property Taxes
The median property tax rate in Outlook, WA is 1.01%, slightly higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Outlook at $158,100, the typical annual property tax bill reaches $1,726, which is lower than the national median of $2,690. Property taxes in Outlook are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Outlook'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 Outlook or another part of Yakima County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Outlook, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,597
$1,560
Ownwell’s Outlook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Outlook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Outlook 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 Outlook, Washington
Property taxes in Outlook, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Outlook is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Outlook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Outlook 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 Outlook's effective property tax rate to other areas in Yakima County and the national median. For comparison, the zip code 98938 has both the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with Outlook provides valuable insights into the varying tax landscape across Yakima County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Outlook Tax Rate
1.01%
Average Yakima County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Outlook, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98938 | 1.01% | 1.01% | 1.01% | 1.05% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Outlook, Washington
In Outlook, 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 Yakima 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 Outlook, 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. The highest median tax bill in Outlook is $1,726 in the 98938 zip code, while the lowest median tax bill is also $1,726 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Outlook Assessed Value
$158,100
Average Yakima County Assessed Value
$200,300
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Outlook, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98938 | $57,660 | $104,200 | $158,100 | $228,800 | $325,620 |
Source: Ownwell
Property Tax Bills Across Outlook, Washington
In Outlook, located in Yakima County, WA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Outlook is $158,100. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. In Yakima County, the 25th percentile tax bill is $1,101, while the 75th percentile tax bill reaches $2,590. For those in the 90th percentile, tax bills can be as high as $3,659. Compared to the national median property tax rate of 0.99%, these figures highlight the variability in property tax burdens within the region. Homeowners in Outlook need to be aware of these factors as they can significantly impact annual expenses and overall financial planning.
Average Outlook Tax Bill
$1,726
Average Yakima County Tax Bill
$2,273
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Outlook, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98938 | $525 | $1,101 | $1,726 | $2,590 | $3,659 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
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