Kennewick, Washington Property Taxes
The median property tax rate in Kennewick, WA is 0.67%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $282,250 in Kennewick, the typical annual property tax bill amounts to $1,622, falling well below the national median of $2,690. Property taxes in Kennewick are calculated based on the tax assessed value, which often is less than the market value due to exemptions such as the primary residence and agricultural exemptions. By understanding Kennewick's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Kennewick or another part of Franklin County, familiarizing yourself with the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kennewick, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,891
$1,755
Ownwell’s Kennewick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kennewick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kennewick 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 Kennewick, Washington
Property taxes in Kennewick, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kennewick is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Kennewick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kennewick 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 Kennewick's effective property tax rate to other areas in Franklin County and the national median. For comparison, the 99336 zip code has the highest median property tax rate of 0.71%, while the 99337 zip code has the lowest median tax rate of 0.67%. Understanding how these areas compare with Kennewick 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 Kennewick Tax Rate
0.67%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99336 | 0.63% | 0.66% | 0.71% | 0.73% | 0.74% |
| 99337 | 0.42% | 0.51% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Kennewick, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kennewick, Washington. 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 Franklin 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 Kennewick, 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. For instance, the highest median tax bill in Kennewick is $1,877 in the 99336 zip code, while the lowest is $1,553 in the 99337 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kennewick Assessed Value
$282,250
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 Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99336 | $91,780 | $173,800 | $310,500 | $348,100 | $370,660 |
| 99337 | $153,200 | $191,000 | $254,000 | $343,400 | $397,040 |
Source: Ownwell
Property Tax Bills Across Kennewick, Washington
Property tax bills in Kennewick, located in Franklin County, WA, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by county assessors. Factors such as property size, location, and recent sales of similar properties influence the assessed value. The median home price in Kennewick is $282,250, and the tax rate applied to this value determines the final tax bill. Homeowners in Kennewick can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is approximately $1,034, while the 75th percentile tax bill is around $1,830. The 90th percentile tax bill can reach up to $2,307. The highest median tax bill in the area is $1,877 in the 99336 zip code, whereas the lowest median tax bill is $1,553 in the 99337 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Kennewick Tax Bill
$1,622
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99336 | $598 | $1,077 | $1,877 | $2,307 | $2,565 |
| 99337 | $1,000 | $1,207 | $1,553 | $1,622 | $1,663 |
Source: Ownwell