Malaga, Washington Property Taxes
The median property tax rate in Malaga, WA is 0.89%, slightly lower than the national median of 0.99% but marginally higher than the Washington state median of 0.88%. With a median home value of $301,420 in Malaga, the typical annual property tax bill amounts to $2,731, which is just below the national median of $2,690. Property taxes in Malaga are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Malaga'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 Malaga or another part of Chelan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Malaga, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$2,683
$2,489
Ownwell’s Malaga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Malaga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malaga 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 Malaga, Washington
Property taxes in Malaga, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malaga is 0.89%, which is slightly below the U.S. national median of 0.99%. Local government entities within Malaga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Malaga 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 Malaga's effective property tax rate to other areas in Washington and the national median. For comparison, the 98828 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Malaga 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 Malaga Tax Rate
0.89%
Average Chelan County Tax Rate
0.83%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Malaga, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98828 | 0.87% | 0.87% | 0.89% | 0.97% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Malaga, Washington
In Malaga, 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 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 Malaga, 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. The median home price in Malaga is $301,420, with annual tax bills ranging from $1,189 at the 25th percentile to $5,069 at the 90th percentile. The zip code 98828 has the highest and lowest median tax bill at $2,731. 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 Malaga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Malaga Assessed Value
$301,420
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 Malaga, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98828 | $83,382 | $157,500 | $301,420 | $410,563 | $563,589 |
Source: Ownwell
Property Tax Bills Across Malaga, Washington
In Malaga, property tax bills are determined based on the assessed value of a home, which is often a percentage of its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location within Chelan County, its assessed value, and the specific tax rate set by local taxing authorities. For homeowners in Malaga, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $1,189, while the 75th percentile tax bill rises to $3,806. At the 90th percentile, homeowners might see bills as high as $5,069. These variations highlight the impact of property value and local tax rates on individual tax obligations. Compared to the national median property tax rate of 0.99%, homeowners in Malaga experience a range of tax bills influenced by their property's assessed value. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Malaga Tax Bill
$2,731
Average Chelan County Tax Bill
$2,713
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Malaga, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98828 | $617 | $1,189 | $2,731 | $3,806 | $5,069 |
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 |