Connell, Washington Property Taxes
The median property tax rate in Connell, WA is 0.65%, notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $229,250, the typical annual property tax bill in Connell amounts to $1,509, which is below the national median of $2,690. Property taxes in Connell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Connell'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 Connell or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Connell, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Connell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Connell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Connell 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 Connell, Washington
Property taxes in Connell, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Connell is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Connell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Connell 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 Connell's effective property tax rate to other counties in Washington and the national median. For comparison, the 99326 zip code has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Connell 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 Connell Tax Rate
0.65%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Connell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99326 | 0.56% | 0.58% | 0.65% | 0.72% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Connell, Washington
In Connell, 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 a willing seller 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 Assessor for tax purposes. Conversely, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. This assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Connell, 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. For instance, the median home price in Connell is $229,250, with tax bills ranging from $613 at the 25th percentile to $2,906 at the 90th percentile. Notably, the zip code 99326 has both the highest and lowest median tax bill of $1,509. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Connell Assessed Value
$229,250
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 Connell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99326 | $8,790 | $102,550 | $229,250 | $331,525 | $411,310 |
Source: Ownwell
Property Tax Bills Across Connell, Washington
In Connell, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the Franklin County Assessor's Office, which evaluates the property's market value and then applies an assessment ratio to arrive at the taxable value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and market conditions. For homeowners in Connell, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $613, while the 75th percentile tax bill is approximately $2,253. At the higher end, the 90th percentile tax bill reaches $2,906. Compared to the national median property tax rate of 0.99%, Connell's property taxes can be relatively moderate or steep, depending on where your home falls within these percentiles. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Connell Tax Bill
$1,509
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Connell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99326 | $50 | $613 | $1,509 | $2,253 | $2,906 |
Source: Ownwell