Ritzville, Washington Property Taxes
The median property tax rate in Ritzville, WA is 1.44%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Ritzville at $117,050, the typical annual property tax bill reaches $1,585, which is below the national median of $2,690. Property taxes in Ritzville are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ritzville'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 Ritzville 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
Ritzville, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,686
$1,564
Ownwell’s Ritzville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ritzville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ritzville 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 Ritzville, Washington
Property taxes in Ritzville, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ritzville is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ritzville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ritzville 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 Ritzville's effective property tax rate to other areas in Adams County and the national median. For comparison, the zip code 99169 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Ritzville 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 Ritzville Tax Rate
1.44%
Average Adams County Tax Rate
1.18%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ritzville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99169 | 0.36% | 1.28% | 1.44% | 1.46% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Ritzville, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ritzville, WA. 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 Ritzville, 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. In Ritzville, the highest median tax bill is $1,585 in the 99169 zip code, and the lowest median tax bill is also $1,585 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 Ritzville Assessed Value
$117,050
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 Ritzville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99169 | $51,150 | $79,375 | $117,050 | $158,625 | $215,250 |
Source: Ownwell
Property Tax Bills Across Ritzville, Washington
In Ritzville, located in Adams County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Ritzville is $117,050. Homeowners in this region can expect a variety of tax bills depending on their property's assessed value and the specific tax rate applied by the county. For instance, the 25th percentile of tax bills is approximately $919, while the 75th percentile reaches around $2,173. The 90th percentile can see tax bills as high as $3,012. Several factors influence these tax bills, including the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners should be aware that their property's assessed value might not always align with its market value, which can impact the overall tax bill. With the national median property tax rate at 0.99%, homeowners in Ritzville may find their tax obligations vary significantly based on individual property assessments and local tax policies.
Average Ritzville Tax Bill
$1,585
Average Adams County Tax Bill
$1,715
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ritzville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99169 | $249 | $919 | $1,585 | $2,173 | $3,012 |
Source: Ownwell