Castle Rock, Washington Property Taxes
The median property tax rate in Castle Rock, WA is 0.81%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Castle Rock at $362,900, the typical annual property tax bill reaches $2,926, slightly above the national median of $2,690. Property taxes in Castle Rock are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Castle Rock'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 Castle Rock 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
Castle Rock, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,939
$2,728
Ownwell’s Castle Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Castle Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castle Rock 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 Castle Rock, Washington
Property taxes in Castle Rock, Washington, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Castle Rock is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Castle Rock set these rates annually, and they can vary across different neighborhoods. Each year, Castle Rock 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 Castle Rock's effective property tax rate to other regions and the national median. For comparison, the zip code 98611 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these figures compare with Castle Rock provides valuable insights into the varying tax landscape across Cowlitz County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Castle Rock Tax Rate
0.81%
Average Cowlitz County Tax Rate
0.89%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castle Rock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98611 | 0.80% | 0.81% | 0.81% | 0.83% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Castle Rock, Washington
In Castle Rock, 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 Cowlitz 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 Castle Rock, 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 Castle Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $2,926 in the 98611 zip code, while the lowest median tax bill is also $2,926 in the same zip code.
Property Tax Assessment Values Across Castle Rock, Washington
Source: Ownwell
$221,480
$328,360
$435,240
Average Castle Rock Assessed Value
$362,900
Average Cowlitz County Assessed Value
$335,640
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Castle Rock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98611 | $108,359 | $256,220 | $362,900 | $477,478 | $597,876 |
Source: Ownwell
Property Tax Bills Across Castle Rock, Washington
In Castle Rock, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value, reflecting the home's worth in the current real estate market. Once the assessed value is established, the local property tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including the home's location within Cowlitz County, any applicable exemptions, and the specific tax rate set by local government entities. Homeowners in Castle Rock can expect varied tax bills, with the 25th percentile at $1,849 and the 75th percentile reaching $3,975. The 90th percentile tax bill goes up to $4,999. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby affecting the overall quality of life in the community. Compared to the national median property tax rate of 0.99%, Castle Rock's property taxes reflect the unique economic and governmental needs of the area.
Average Castle Rock Tax Bill
$2,926
Average Cowlitz County Tax Bill
$3,062
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Castle Rock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98611 | $485 | $1,849 | $2,926 | $3,975 | $4,999 |
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 | |
|---|---|
| Cowlitz Tax Assessor | |
| Website | cowlitzinfo.net |