Cashmere, Washington Property Taxes
The median property tax rate in Cashmere, WA is 0.92%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Cashmere at $324,809, the typical annual property tax bill reaches $2,890, surpassing the national median of $2,690. Property taxes in Cashmere are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cashmere'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 Cashmere 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
Cashmere, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$2,988
$2,919
Ownwell’s Cashmere Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cashmere with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cashmere 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 Cashmere, Washington
Property taxes in Cashmere, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cashmere is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Cashmere set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cashmere 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 Cashmere's effective property tax rate to other areas in Chelan County and the national median. For comparison, the zip code 98815 has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these areas compare with Cashmere provides valuable insights into the varying tax landscape across Chelan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cashmere Tax Rate
0.92%
Average Chelan County Tax Rate
0.83%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cashmere, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98815 | 0.79% | 0.88% | 0.92% | 0.93% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Cashmere, Washington
In Cashmere, 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 Chelan 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 Cashmere, 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 Cashmere helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cashmere, the median home price is $324,809, with tax bills ranging from $1,726 at the 25th percentile to $5,950 at the 90th percentile. The highest and lowest median tax bills both occur in zip code 98815, amounting to $2,890.
Average Cashmere Assessed Value
$324,809
Average Chelan County Assessed Value
$334,049
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cashmere, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98815 | $108,158 | $212,894 | $324,809 | $485,080 | $666,746 |
Source: Ownwell
Property Tax Bills Across Cashmere, Washington
In Cashmere, located in Chelan County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Cashmere typically see tax bills that vary significantly depending on the value of their homes. For instance, the 25th percentile tax bill is around $1,726, while the 75th percentile tax bill can reach up to $4,292. At the 90th percentile, homeowners might pay as much as $5,950. Several factors influence these tax bills, including the local tax rate and any applicable exemptions or deductions. The highest and lowest median tax bills in Cashmere are both $2,890, indicating a relatively uniform distribution of property tax burdens across the area. Compared to the national median property tax rate of 0.99%, Cashmere's property tax rates are competitive, making it an attractive option for homeowners looking for manageable property tax expenses.
Average Cashmere Tax Bill
$2,890
Average Chelan County Tax Bill
$2,713
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Cashmere, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98815 | $527 | $1,726 | $2,890 | $4,292 | $5,950 |
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 |
Links | |
|---|---|
| Chelan Tax Assessor | |
| Website | pacs.co.chelan.wa.us |