Keller, Washington Property Taxes
The median property tax rate in Keller, WA is 0.79%, lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Keller, the typical annual property tax bill reaches $717, significantly below the national median of $2,690. Property taxes in Keller are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Keller'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 Keller 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
Keller, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$624
$579
Ownwell’s Keller Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keller with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keller 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 Keller, Washington
Property taxes in Keller, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keller is 0.79%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Keller set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keller 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 Keller's effective property tax rate to other counties in Washington and the national median. For comparison, the 99140 zip code has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Keller provides valuable insights into the varying tax landscape across Ferry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keller Tax Rate
0.79%
Average Ferry County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keller, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99140 | 0.77% | 0.78% | 0.79% | 0.82% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Keller, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Keller, WA. 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 Ferry County Assessor's Office 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 Keller, 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 Keller helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Keller is $79,000, with the 25th percentile tax bill at $381 and the 75th percentile tax bill at $1,075. The highest and lowest median tax bills are both $717, found in zip code 99140.
Average Keller Assessed Value
$79,000
Average Ferry County Assessed Value
$101,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keller, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99140 | $7,800 | $41,000 | $79,000 | $134,600 | $267,900 |
Source: Ownwell
Property Tax Bills Across Keller, Washington
In Keller, located in Ferry County, WA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For instance, with a median home price of $79,000, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $381, while those in the 75th percentile pay approximately $1,075. At the 90th percentile, the tax bill can reach up to $2,177. These variations arise from differences in property values and the applicable tax rates within the county. The highest and lowest median tax bills in Keller both stand at $717, indicating some level of uniformity in tax assessments. Compared to the national median property tax rate of 0.99%, homeowners in Keller may experience a range of tax burdens depending on their property's assessed value. This directly impacts homeowners' annual financial obligations, influencing their overall cost of living.
Average Keller Tax Bill
$717
Average Ferry County Tax Bill
$850
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Keller, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99140 | $305 | $381 | $717 | $1,075 | $2,177 |
Source: Ownwell