Kingston, Washington Property Taxes
The median property tax rate in Kingston, WA is 0.81%, slightly lower than both the national median of 0.99% and the Washington state median of 0.93%. With the median home value in Kingston, the typical annual property tax bill reaches $3,605, which surpasses the national median of $2,690. Property taxes in Kingston are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kingston'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 Kingston 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
Kingston, 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 Kingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingston 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 Kingston, Washington
Property taxes in Kingston, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston is 0.79%, lower than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston 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 Kingston's effective property tax rate to other counties in Washington and the national median. For comparison, the 98346 zip code has the highest median property tax rate of 0.79%, while the 98346 zip code has the lowest median tax rate of 0.79%. Understanding how these cities compare with Kingston provides valuable insights into the varying tax landscape across Kitsap County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston 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 Kingston, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37763 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Washington
In Kingston, 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 county assessors 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 Kingston, 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. With a median home price of $445,000, the median tax bill stands at $3,105. Notably, the highest and lowest median tax bills in Kingston both occur in the 37763 zip code, each at $3,105. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kingston Assessed Value
$445,000
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 Kingston, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37763 | $445,000 | $445,000 | $445,000 | $445,000 | $445,000 |
Source: Ownwell
Property Tax Bills Across Kingston, Washington
In Kingston, located in Franklin County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Once the market value is established, the local tax rate is applied to calculate the annual property tax bill. For instance, with a median home price of $445,000, the property tax bill for many homeowners in Kingston is approximately $3,105. This figure is consistent across various percentiles, indicating a uniform tax rate application within the area. The tax rate used in Kingston results in a tax bill that can be compared to the national median property tax rate of 0.99%. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in Kingston should be aware of their property's assessed value and the local tax rate to understand their tax obligations fully. Understanding these factors can help homeowners plan their finances and potentially appeal their property tax assessments if they believe their property has been overvalued.
Average Kingston Tax Bill
$3,105
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37763 | $3,105 | $3,105 | $3,105 | $3,105 | $3,105 |
Source: Ownwell