Silverlake, Cowlitz County, Washington Property Taxes
Median Silverlake, WA effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but higher than the Washington state median of 0.88%.
Median Silverlake, WA home value: $380,710
Median annual Silverlake, WA tax bill: $3,497, $1,097 higher than the national median property tax bill of $2,400.
How are property taxes in Cowlitz County calculated?
Property taxes in Silverlake, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Silverlake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Silverlake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Silverlake, Cowlitz County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$3,655
$3,392
Property Tax Rates Across Silverlake, Cowlitz County, Washington
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their budgetary needs for services and divide this by the total value of all taxable properties in their jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this annual process is straightforward.
In Silverlake, located in Cowlitz County, Washington, the effective property tax rate offers a point of comparison with other cities in the state and the national landscape. Washington's median property tax rate is slightly below the national median of 1.02%. This positions Silverlake favorably for property owners, as they benefit from a lower tax burden compared to many other regions. The national median property tax bill stands at $2,400, which further underscores the potential savings for Silverlake residents.
Understanding these dynamics can aid property owners in making informed decisions about appealing their property taxes or seeking exemptions, ultimately leading to significant financial benefits.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Silverlake Tax Rate
0.96%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cowlitz County Tax Rate
0.89%
Median Effective Washington Tax Rate
0.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Silverlake, Cowlitz County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98645 | 0.88% | 0.89% | 0.96% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Silverlake, Cowlitz County, Washington
When examining property taxes in Silverlake, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cowlitz County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cowlitz County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Silverlake.
For example, the median home price in Silverlake is $380,710, with tax bills ranging significantly across the county. Zip code 98645 has the highest median home price at $380,710.
Property Tax Assessment Values Across Silverlake, Cowlitz County, Washington
Source: Ownwell
$221,480
$328,360
$435,240
Median Silverlake Market Value
$380,710
Median Cowlitz County Market Value
$335,640
Median Washington Market Value
$482,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Silverlake, Cowlitz County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98645 | $128,048 | $250,285 | $380,710 | $472,810 | $578,994 |
Source: Ownwell
Property Tax Bills Across Silverlake, Cowlitz County, Washington
In Silverlake, located in Cowlitz County, WA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as recent sales of similar properties and any improvements made to the home. In Silverlake, the tax bill can vary significantly, with the 25th percentile at $2,268 and the 75th percentile reaching $4,323. Notably, the highest median tax bill in the area is $3,497, which is above the national median property tax bill of $2,400. This can place a considerable financial burden on homeowners, particularly those with higher assessed values.
Ownwell assists homeowners in reducing their property tax bills by providing expert appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can potentially lower the assessed value, resulting in reduced tax obligations. This service can be particularly beneficial in Silverlake, where tax bills can exceed the national average, offering homeowners significant savings.
Median Silverlake Tax Bill
$3,497
Median Cowlitz County Tax Bill
$3,062
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Silverlake, Cowlitz County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98645 | $820 | $2,268 | $3,497 | $4,323 | $5,286 |
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 |