Walla Walla, Washington Property Taxes
The median property tax rate in Walla Walla, WA is 0.63%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Walla Walla at $182,700, the typical annual property tax bill amounts to $1,148, significantly below the national median of $2,690. Property taxes in Walla Walla are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Walla Walla's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Walla Walla 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
Walla Walla, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,151
$1,068
Ownwell’s Walla Walla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walla Walla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walla Walla 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 Walla Walla, Washington
Property taxes in Walla Walla, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walla Walla is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Walla Walla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walla Walla 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 Walla Walla's effective property tax rate to other counties in Washington and the national median. For comparison, the 99362 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Walla Walla 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 Walla Walla Tax Rate
0.63%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walla Walla, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99362 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Walla Walla, Washington
In Walla Walla, 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 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 Walla Walla, 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 Walla Walla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $182,700, with the highest and lowest median tax bills both being $1,148 in the zip code 99362.
Average Walla Walla Assessed Value
$182,700
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 Walla Walla, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99362 | $182,700 | $182,700 | $182,700 | $182,700 | $182,700 |
Source: Ownwell
Property Tax Bills Across Walla Walla, Washington
In Walla Walla, located in Franklin County, WA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $182,700, homeowners in the 99362 zip code can expect a median tax bill of $1,148, which is consistent across various percentiles including the 25th, 75th, and 90th percentiles. Factors such as the property's location, improvements, and market conditions can influence its assessed value. The local tax rate is applied uniformly, ensuring that all homeowners contribute fairly to community services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Walla Walla’s rate provides a balanced approach to funding essential services while maintaining affordability for homeowners. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Walla Walla Tax Bill
$1,148
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Walla Walla, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99362 | $1,148 | $1,148 | $1,148 | $1,148 | $1,148 |
Source: Ownwell