View Park, Washington Property Taxes
The median property tax rate in View Park, WA is 0.75%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in View Park at $405,900, the typical annual property tax bill reaches $3,025, exceeding the national median of $2,690. Property taxes in View Park are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding View Park’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 View Park 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
View Park, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$3,044
$2,825
Ownwell’s View Park Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in View Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in View Park to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across View Park, Washington
Property taxes in View Park, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in View Park is 0.75%, lower than the U.S. national median of 0.99%. Local government entities within View Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, View Park 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 View Park's effective property tax rate to other counties in Washington and the national median. For comparison, the 90043 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with View Park 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 View Park Tax Rate
0.75%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across View Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90043 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across View Park, Washington
In View Park, 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 Franklin County Appraisal District 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 View Park, 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. Being aware of these valuation processes in View Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $3025 in the 90043 zip code.
Average View Park Assessed Value
$405,900
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 View Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90043 | $405,900 | $405,900 | $405,900 | $405,900 | $405,900 |
Source: Ownwell
Property Tax Bills Across View Park, Washington
In View Park, Franklin County, WA, property tax bills are determined based on the assessed value of a homeowner's property. The local tax assessor evaluates the property's market value, which is then multiplied by the county's tax rate to calculate the tax bill. The median home price in View Park is $405,900, and the property tax rate is applied to this value to determine the annual tax obligation. The property tax bill in View Park can significantly impact homeowners. For example, the tax bill at the 25th, 75th, and 90th percentiles is consistently $3,025, which is higher than the national median property tax rate of 0.99%. This uniformity suggests a stable yet relatively high property tax environment compared to other regions. Homeowners need to budget for these taxes, as they form a substantial part of the annual cost of owning a home. This financial consideration is crucial for both current and prospective homeowners in managing their expenses.
Average View Park Tax Bill
$3,025
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across View Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90043 | $3,025 | $3,025 | $3,025 | $3,025 | $3,025 |
Source: Ownwell