Chelan Falls, Washington Property Taxes
The median property tax rate in Chelan Falls, WA is 0.73%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Chelan Falls at $245,468, the typical annual property tax bill amounts to $1,609, significantly less than the national median of $2,690. Property taxes in Chelan Falls are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chelan Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Chelan Falls 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
Chelan Falls, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,792
$1,663
Ownwell’s Chelan Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chelan Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chelan Falls 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 Chelan Falls, Washington
Property taxes in Chelan Falls, Washington, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Chelan Falls is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Chelan Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chelan Falls 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 Chelan Falls' effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98817 has both the highest and lowest median property tax rate in the region at 0.73%. Understanding how these cities compare with Chelan Falls 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 Chelan Falls Tax Rate
0.73%
Average Chelan County Tax Rate
0.83%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chelan Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98817 | 0.64% | 0.72% | 0.73% | 0.75% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Chelan Falls, Washington
In Chelan Falls, 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 Assessor's Office 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 Chelan Falls, 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 Chelan Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,609, found in the 98817 zip code.
Property Tax Assessment Values Across Chelan Falls, Washington
Source: Ownwell
$154,800
$288,912
$423,023
Average Chelan Falls Assessed Value
$245,468
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 Chelan Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98817 | $54,500 | $120,789 | $245,468 | $473,271 | $900,620 |
Source: Ownwell
Property Tax Bills Across Chelan Falls, Washington
In Chelan Falls, property tax bills are calculated based on the assessed value of homes, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate set by various taxing authorities, including the county, city, and school districts. The median home price in Chelan Falls is $245,468, and the property tax rate in this region is in line with the national median property tax rate of 0.99%. Homeowners in Chelan Falls can expect their tax bills to vary significantly. For instance, tax bills in the 25th percentile are around $750, while those in the 75th percentile reach up to $3,293. The highest tax bills, in the 90th percentile, can be as much as $6,503. These variations are influenced by factors such as property location, improvements, and market conditions. Understanding these elements helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Chelan Falls Tax Bill
$1,609
Average Chelan County Tax Bill
$2,713
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Chelan Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98817 | $333 | $750 | $1,609 | $3,293 | $6,503 |
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 |