Chino Hills, Washington Property Taxes
The median property tax rate in Chino Hills, WA is 0.70%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Chino Hills at $348,900, the typical annual property tax bill reaches $2,454, falling below the national median of $2,690. Property taxes in Chino Hills are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chino Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Chino Hills 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
Chino Hills, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,442
$2,266
Ownwell’s Chino Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chino Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chino Hills 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 Chino Hills, Washington
Property taxes in Chino Hills, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chino Hills is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Chino Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chino Hills 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 Chino Hills' effective property tax rate to other areas in Washington and the national median. For comparison, the 91709 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Chino Hills provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chino Hills Tax Rate
0.70%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chino Hills, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91709 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Chino Hills, Washington
In Chino Hills, Washington, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Franklin County Appraisal District for tax purposes. On the other hand, 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 Chino Hills, 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 these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these valuation processes in Chino Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 91709 has the highest and lowest median tax bill, both at $2,454.
Average Chino Hills Assessed Value
$348,900
Average Franklin County Assessed Value
$384,600
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chino Hills, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91709 | $348,900 | $348,900 | $348,900 | $348,900 | $348,900 |
Source: Ownwell
Property Tax Bills Across Chino Hills, Washington
In Chino Hills, property tax bills are calculated based on the assessed value of a property, which is determined by the Franklin County Assessor. The assessed value is typically a percentage of the market value of the property. Factors such as property improvements, market conditions, and changes in neighborhood values can influence this assessed value. For homeowners in Chino Hills, the median home price is $348,900, and the property tax rate is applied to this value to determine the annual tax bill. In this region, the median property tax bill is $2,454, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual housing costs. The tax revenue collected is used to fund essential public services such as schools, infrastructure, and emergency services, directly affecting the quality of life in the community. Understanding these factors can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Chino Hills Tax Bill
$2,454
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Chino Hills, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91709 | $2,454 | $2,454 | $2,454 | $2,454 | $2,454 |
Source: Ownwell