Vancouver, Washington Property Taxes

Ownwell’s Vancouver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vancouver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vancouver to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Vancouver. 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 Assessment Values Across Vancouver, Washington

In Vancouver, 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 Clark 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 Vancouver, 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. For example, the median home price in Vancouver is $454,600, with tax bills ranging from $3,513 at the 25th percentile to $6,175 at the 90th percentile. The highest median tax bill is found in zip code 98685 at $4,941, while the lowest median tax bill is in zip code 98661 at $3,735. 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 Vancouver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Vancouver, Washington

Source: Ownwell

$414,268

$557,197

$700,126

Average Vancouver Assessed Value

$454,600

Average Clark County Assessed Value

$479,858

Average Washington Assessed Value

$482,000

Average United States Assessed Value

$244,900