Woodland, Washington Property Taxes
The median property tax rate in Woodland, WA is 0.99%, aligning with the national median but higher than the Washington state median of 0.88%. With the median home value in Woodland at $405,560, the typical annual property tax bill reaches $3,977, significantly exceeding the national median of $2,690. Property taxes in Woodland 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 Woodland'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 Woodland 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
Woodland, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$4,015
$3,726
Ownwell’s Woodland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodland 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 Woodland, Washington
Property taxes in Woodland, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodland is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Woodland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodland 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 Woodland's effective property tax rate to other areas in Washington and the national median. For comparison, the 98674 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Woodland 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 Woodland Tax Rate
0.99%
Average Cowlitz County Tax Rate
0.89%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98674 | 0.89% | 0.94% | 0.99% | 0.99% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Woodland, Washington
In Woodland, 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 Woodland, 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 Woodland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 98674, with a median tax bill of $3,977.
Average Woodland Assessed Value
$405,560
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 Woodland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98674 | $177,960 | $325,615 | $405,560 | $561,425 | $756,100 |
Source: Ownwell
Property Tax Bills Across Woodland, Washington
In Woodland, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For Woodland, located in Cowlitz County, the median home price stands at $405,560. The tax bills in this area vary significantly, with the 25th percentile tax bill at $3,158 and the 75th percentile tax bill reaching $5,333. At the 90th percentile, homeowners can expect to pay as much as $7,127 annually. The highest and lowest median tax bills in Woodland are both recorded at $3,977, indicating a relatively consistent tax rate across the city. These property taxes fund essential public services such as schools, emergency services, and infrastructure. For homeowners, understanding how these taxes are calculated and the factors that influence them is crucial for financial planning and anticipating yearly expenses. Comparing Woodland’s property tax rate to the national median rate of 0.99% can provide additional context for homeowners.
Average Woodland Tax Bill
$3,977
Average Cowlitz County Tax Bill
$3,062
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98674 | $1,006 | $3,158 | $3,977 | $5,333 | $7,127 |
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 |