Plymouth, Benton County, Washington Property Taxes
The median property tax rate in Plymouth, WA is 0.81%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Plymouth at $102,915, the typical annual property tax bill is $629, significantly below the national median of $2,690. Property taxes in Plymouth are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Plymouth'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 Plymouth 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
Plymouth, Benton County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$834
$774
Ownwell’s Plymouth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plymouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plymouth 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 Plymouth, Benton County, Washington
Property taxes in Plymouth, Washington, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Plymouth is 1.15%, higher than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Plymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plymouth 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 Plymouth's effective property tax rate to other counties in Washington and the national median. For comparison, the 99346 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Plymouth provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plymouth Tax Rate
0.81%
Average Benton County Tax Rate
0.98%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plymouth, Benton County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99346 | 0.80% | 0.80% | 0.81% | 0.83% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Plymouth, Benton County, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Plymouth, Washington. 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 Benton 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 Plymouth, 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 Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Plymouth is $102,915, with tax bills ranging from $288 at the 25th percentile to $2,150 at the 90th percentile. The zip code 99346 has the highest and lowest median tax bill at $629.
Property Tax Assessment Values Across Plymouth, Benton County, Washington
Source: Ownwell
$66,485
$364,868
$663,250
Average Plymouth Assessed Value
$102,915
Average Benton County Assessed Value
$282,560
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plymouth, Benton County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99346 | $17,021 | $37,302 | $102,915 | $195,850 | $268,363 |
Source: Ownwell
Property Tax Bills Across Plymouth, Benton County, Washington
In Plymouth, Benton County, WA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $102,915, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Factors such as property size, location, and any applicable exemptions also play a crucial role in determining the final tax amount. Homeowners in Plymouth might see tax bills ranging from $288 at the 25th percentile to $1,568 at the 75th percentile, with the 90th percentile reaching up to $2,150. These figures highlight the variability in property tax obligations, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Plymouth's rates offer a unique perspective on regional tax burdens. Understanding these factors is essential for homeowners to manage their finances effectively.
Average Plymouth Tax Bill
$629
Average Benton County Tax Bill
$2,407
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Plymouth, Benton County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99346 | $133 | $288 | $629 | $1,568 | $2,150 |
Source: Ownwell