Richland, Benton County, Washington Property Taxes

Name: Property Tax Bills Across Richland, Benton County, Washington
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Richland, WA effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the Washington state median of 0.88%.
Median Richland, WA home value: $319,010
Median annual Richland, WA tax bill: $3,117, $717 higher than the national median property tax bill of $2,400.

How are property taxes in Benton County calculated?

Property taxes in Richland, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Richland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Richland, Benton County, Washington Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$3,190

$2,960

Ownwell’s Richland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richland with just two data points. By entering your property's estimated assessed value, our calculator applies Richland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Benton. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richland, Benton County, Washington

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Richland, located in Benton County, Washington, offers a glimpse into how property tax rates can differ within a state. With a median tax rate of 1.00%, Richland aligns closely with the state's overall median. However, within the same county, tax rates can range, with some areas reaching as high as 1.17%. This variance highlights the importance of understanding local tax dynamics, especially when considering that the national median property tax rate stands at 1.02%.

By examining Richland's effective property tax rate, residents and potential homeowners can gain valuable insights into how it compares to other cities in Washington and the broader U.S. landscape. Understanding these nuances can lead to more informed decisions when it comes to property investments and financial planning.

Property Tax Rates Across Richland, Benton County, Washington

Source: Ownwell

0.71%

0.94%

1.17%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Richland Tax Rate

1.00%

Median Effective Benton County Tax Rate

0.98%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richland, Benton County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
99338	N/A	N/A	N/A	N/A	N/A
99352	0.98%	0.99%	1.00%	1.00%	1.01%
99353	1.11%	1.14%	1.17%	1.18%	1.22%
99354	0.99%	1.00%	1.00%	1.00%	1.01%

Source: Ownwell

Property Tax Assessment Values Across Richland, Benton County, Washington

When examining property taxes in Richland, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Benton County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Benton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Richland. For example, the median home price in Richland is $319,010, with tax bills ranging significantly across the county. The 99353 zip code has the highest median home price at $663,250.

Property Tax Assessment Values Across Richland, Benton County, Washington

Source: Ownwell

$66,485

$364,868

$663,250

Median Richland Market Value

$319,010

Median Benton County Market Value

$282,560

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richland, Benton County, Washington

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
99338	N/A	N/A	N/A	N/A	N/A
99352	$153,190	$250,625	$338,785	$450,852	$570,539
99353	$121,726	$336,460	$663,250	$747,040	$929,588
99354	$156,032	$238,605	$294,130	$371,350	$445,216

Source: Ownwell

Property Tax Bills Across Richland, Benton County, Washington

In Richland, Benton County, WA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the tax bill. With a median home price of $319,010, homeowners in Richland can expect varying tax bills. For instance, those at the 25th percentile pay around $2,368, while those at the 75th percentile face bills of approximately $4,120. The top 10% of taxpayers encounter bills as high as $5,218. Although the national median property tax rate is 1.02%, Richland's tax bills reflect the local assessments and rates, which can significantly impact homeowners' finances. Property taxes are a crucial consideration for homeowners, influencing affordability and overall expenses. Ownwell assists homeowners by identifying potential savings on property tax bills through appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell helps homeowners ensure they are not overpaying, potentially reducing their financial burden and increasing savings.

Property Tax Bills Across Richland, Benton County, Washington

Source: Ownwell

$443

$4,187

$7,931

Median Richland Tax Bill

$3,117

Median Benton County Tax Bill

$2,407

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Richland, Benton County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
99338	N/A	N/A	N/A	N/A	N/A
99352	$1,075	$2,383	$3,278	$4,412	$5,604
99353	$1,425	$3,756	$7,931	$8,632	$10,786
99354	$996	$2,353	$2,922	$3,693	$4,429

Source: Ownwell