Monitor, Washington Property Taxes
The median property tax rate in Monitor, WA is 0.88%, aligning with the state median but still below the national median of 0.99%. With a median home value of $367,889 in Monitor, the typical annual property tax bill reaches $3,221, surpassing the national median of $2,690. Property taxes in Monitor are calculated based on the tax assessed value, which is typically lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Monitor'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 Monitor 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
Monitor, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$3,237
$3,163
Ownwell’s MONITOR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MONITOR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MONITOR 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 Monitor, Washington
Property taxes in Monitor, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Monitor is 0.88%, which is below the U.S. national median of 0.99%. Local government entities within Monitor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monitor 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 Monitor's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98836 has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Monitor 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 Monitor Tax Rate
0.88%
Average Chelan County Tax Rate
0.83%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monitor, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98836 | 0.83% | 0.88% | 0.88% | 0.91% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Monitor, Washington
In Monitor, 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 Monitor, 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 Monitor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 98836, with a median tax bill of $3,221.
Average Monitor Assessed Value
$367,889
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 Monitor, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98836 | $121,350 | $214,518 | $367,889 | $589,406 | $840,510 |
Source: Ownwell
Property Tax Bills Across Monitor, Washington
In Monitor, 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. This assessed value is then multiplied by the local tax rate to determine the tax bill. For context, the national median property tax rate is 0.99%, but local rates can vary. Factors such as property size, location, and market conditions are considered in the assessment process. Homeowners in Monitor can expect varying tax bills depending on the value of their property. For instance, the 25th percentile tax bill is around $1,757, while those in the 75th percentile see bills closer to $5,229. At the higher end, the 90th percentile tax bill reaches approximately $7,513. These tax obligations can significantly impact household budgets, especially when compared to the national median. Understanding how these factors influence property taxes can help homeowners better prepare for their annual financial commitments.
Average Monitor Tax Bill
$3,221
Average Chelan County Tax Bill
$2,713
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Monitor, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98836 | $1,056 | $1,757 | $3,221 | $5,229 | $7,513 |
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 |