Othello, Washington Property Taxes
The median property tax rate in Othello, WA is 1.17%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Othello at $160,800, the typical annual property tax bill reaches $1,893, exceeding the national median of $2,690. Property taxes in Othello 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 Othello'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 Othello 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
Othello, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,881
$1,838
Ownwell’s Othello Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Othello easily with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Othello to provide an accurate estimate of your property tax bill. This invaluable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Othello, Washington
Property taxes in Othello, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Othello is 1.17%, significantly higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Othello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Othello 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 Othello's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 99344 has both the highest and lowest median property tax rate of 1.17%. Understanding how these areas compare with Othello provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Othello Tax Rate
1.17%
Average Adams County Tax Rate
1.18%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Othello, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99344 | 1.02% | 1.05% | 1.17% | 1.22% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Othello, Washington
In Othello, 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 Adams 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 Othello, 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 median home price in Othello is $160,800, with the median tax bill at $1,893 in zip code 99344. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Othello Assessed Value
$160,800
Average Adams County Assessed Value
$142,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Othello, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99344 | $10,660 | $90,500 | $160,800 | $219,800 | $310,440 |
Source: Ownwell
Property Tax Bills Across Othello, Washington
Property tax bills in Othello, located in Adams County, WA, are calculated based on the assessed value of a property. The assessed value is determined by the local assessor’s office and reflects the market value of the home. For instance, the median home price in Othello is $160,800. Property tax rates are then applied to this assessed value to calculate the annual tax bill. Homeowners in Othello can expect to pay a wide range of property tax bills. The 25th percentile tax bill is $925, while the 75th percentile tax bill is $2,490, and the 90th percentile tax bill can go up to $3,461. These figures indicate significant variability in tax bills, influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Othello's tax bills reflect the local economic conditions and property values, directly impacting homeowners' annual expenses. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Othello Tax Bill
$1,893
Average Adams County Tax Bill
$1,715
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Othello, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99344 | $120 | $925 | $1,893 | $2,490 | $3,461 |
Source: Ownwell