Pasco, Franklin County, Washington Property Taxes
Median Pasco, WA effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Pasco, WA home value: $392,850
Median annual Pasco, WA tax bill: $2,831, $431 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Pasco, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Pasco’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pasco, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pasco, Franklin County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$2,789
$2,588
Property Tax Rates Across Pasco, Franklin County, Washington
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Pasco Tax Rate
0.71%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Franklin County Tax Rate
0.71%
Median Effective Washington Tax Rate
0.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pasco, Franklin County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99301 | 0.61% | 0.68% | 0.71% | 0.75% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Pasco, Franklin County, Washington
When examining property taxes in Pasco, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Pasco.
For example, the median home price in Pasco is $392,850, with tax bills ranging significantly across the county. Zip code 99301 has the highest median home price at $392,850.
Property Tax Assessment Values Across Pasco, Franklin County, Washington
Source: Ownwell
$93,400
$243,125
$392,850
Median Pasco Market Value
$392,850
Median Franklin County Market Value
$384,600
Median Washington Market Value
$482,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pasco, Franklin County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99301 | $230,900 | $327,200 | $392,850 | $485,500 | $637,750 |
Source: Ownwell
Property Tax Bills Across Pasco, Franklin County, Washington
In Pasco, located in Franklin County, WA, property tax bills are determined based on the assessed value of a home. The local tax rate is applied to this assessed value to calculate the tax bill. With a median home price of $392,850, many homeowners find their tax bills aligning with or surpassing the national median property tax bill of $2,400. In Pasco, tax bills range significantly, with the 25th percentile at $2,199 and the 75th percentile reaching $3,535, highlighting the variability that homeowners experience. This variability can impact household budgets, making it crucial for homeowners to ensure their property is assessed accurately.
Ownwell offers services to help homeowners in Pasco save on their property tax bills. By reviewing assessments and filing appeals where necessary, Ownwell ensures that homeowners are not overpaying. Our experts navigate the complexities of property tax regulations, potentially leading to significant savings. With Ownwell, Pasco homeowners can feel confident that their tax bills are fair and manageable.
Median Pasco Tax Bill
$2,831
Median Franklin County Tax Bill
$2,758
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Pasco, Franklin County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99301 | $1,246 | $2,199 | $2,831 | $3,535 | $4,572 |
Source: Ownwell