Clallam Bay, Washington Property Taxes
The median property tax rate in Clallam Bay, WA is 0.88%, which aligns with the state median but is lower than the national median of 0.99%. With a median home value of $124,230 in Clallam Bay, the typical annual property tax bill amounts to $993, significantly less than the national median of $2,690. Property taxes in Clallam Bay are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Clallam Bay's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clallam Bay 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
Clallam Bay, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Clallam Bay Property Tax Bill Calculator assists homeowners, real estate investors, or potential buyers in estimating their annual property taxes in Clallam Bay with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clallam Bay to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, scroll down to discover more localized insights. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Clallam Bay, Washington
Property taxes in Clallam Bay, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clallam Bay is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Clallam Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clallam Bay 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 Clallam Bay's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98326 has the highest median property tax rate of 0.88%, while the same zip code also records the lowest median tax rate of 0.88%. Understanding how these areas compare with Clallam Bay provides valuable insights into the varying tax landscape across Clallam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clallam Bay Tax Rate
0.88%
Average Clallam County Tax Rate
0.81%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clallam Bay, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98326 | 0.68% | 0.87% | 0.88% | 0.88% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Clallam Bay, Washington
In Clallam Bay, 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 Clallam 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 Clallam Bay, 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 Clallam Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Clallam Bay is $993 in the 98326 zip code, offering a clear perspective on the potential financial impact.
Average Clallam Bay Assessed Value
$124,230
Average Clallam County Assessed Value
$360,554
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clallam Bay, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98326 | $9,093 | $43,232 | $124,230 | $191,600 | $264,697 |
Source: Ownwell
Property Tax Bills Across Clallam Bay, Washington
In Clallam Bay, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property location, improvements, and market conditions influence the assessed value. For homeowners in Clallam Bay, the median home price is $124,230, and the property tax rate is below the national median of 0.99%. Consequently, tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $195, while at the 75th percentile, it reaches $1,582. The 90th percentile tax bill is $2,210, indicating that higher-value properties incur higher taxes. Homeowners in Clallam Bay benefit from relatively low property tax bills compared to national averages, but it's essential to consider how property value fluctuations and local tax rates can impact annual expenses. This system ensures that property taxes are proportionate to the value of the property, providing a fair method of taxation.
Average Clallam Bay Tax Bill
$993
Average Clallam County Tax Bill
$3,024
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Clallam Bay, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98326 | $56 | $195 | $993 | $1,582 | $2,210 |
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 | |
|---|---|
| Clallam Tax Assessor | |
| Website | websrv22.clallam.net |