Waterville, Washington Property Taxes
The median property tax rate in Waterville, WA is 0.98%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $182,100 in Waterville, the typical annual property tax bill amounts to $1,698, which is lower than the national median of $2,690. Property taxes in Waterville are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Waterville'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 Waterville or elsewhere in Douglas County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waterville, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,785
$1,743
Ownwell’s Waterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waterville 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 Waterville, Washington
Property taxes in Waterville, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waterville is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Waterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waterville 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 Waterville's effective property tax rate to other areas in Douglas County and the national median. For comparison, the 98858 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Waterville provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waterville Tax Rate
0.98%
Average Douglas County Tax Rate
0.99%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waterville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98858 | 0.81% | 0.98% | 0.98% | 0.98% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Waterville, Washington
In Waterville, 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 Douglas County Appraisal District 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 Waterville, 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. The median home price in Waterville is $182,100, with tax bills ranging from $743 at the 25th percentile to $3,668 at the 90th percentile. The zip code with the highest median tax bill is 98858, with a median tax bill of $1,698. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waterville Assessed Value
$182,100
Average Douglas County Assessed Value
$332,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waterville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98858 | $39,160 | $107,775 | $182,100 | $272,975 | $385,100 |
Source: Ownwell
Property Tax Bills Across Waterville, Washington
In Waterville, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $182,100, the property tax bill can range significantly. Homeowners at the 25th percentile might pay around $743, while those at the 75th percentile could see bills as high as $2,622. At the 90th percentile, the tax bill can reach up to $3,668. Several factors influence these tax amounts, including the home's market value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Waterville experience varying tax burdens based on their property's assessed value. Understanding these elements can help homeowners anticipate their annual tax obligations and plan accordingly. The highest and lowest median tax bills in the area both stand at $1,698, highlighting some consistency within the region.
Average Waterville Tax Bill
$1,698
Average Douglas County Tax Bill
$3,320
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Waterville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98858 | $219 | $743 | $1,698 | $2,622 | $3,668 |
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 |
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