Washtucna, Washington Property Taxes
The median property tax rate in Washtucna, WA is 0.54%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Washtucna, the typical annual property tax bill reaches $444, significantly below the national median of $2,690. Property taxes in Washtucna 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 Washtucna'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 Washtucna 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
Washtucna, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$427
$396
Ownwell’s Washtucna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Washtucna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Washtucna 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 Washtucna, Washington
Property taxes in Washtucna, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Washtucna is 0.54%, lower than the U.S. national median of 0.99%. Local government entities within Washtucna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washtucna 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 Washtucna's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 99371 has the highest median property tax rate of 0.54%, while the same zip code also has the lowest median tax rate of 0.54%. Understanding how these areas compare with Washtucna 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 Washtucna Tax Rate
0.54%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washtucna, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99371 | 0.48% | 0.50% | 0.54% | 0.55% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Washtucna, Washington
In Washtucna, 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 Adams 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 Washtucna, 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. The median home price in Washtucna is $79,000, with tax bills varying significantly. For instance, the tax bill at the 25th percentile is $242, while it rises to $1,325 at the 75th percentile and $1,854 at the 90th percentile. The zip code 99371 has both the highest and lowest median tax bill at $444. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Washtucna Assessed Value
$79,000
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 Washtucna, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99371 | $22,680 | $43,800 | $79,000 | $243,350 | $341,960 |
Source: Ownwell
Property Tax Bills Across Washtucna, Washington
In Washtucna, located in Franklin County, WA, property tax bills are calculated based on the assessed value of the property. This value is determined by the local county assessor, who evaluates the market value of the property and then applies an assessment ratio to arrive at the assessed value. The tax rate is then applied to this assessed value to calculate the property tax bill. Homeowners in Washtucna face varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $242, while at the 75th percentile, it rises to $1,325. At the 90th percentile, homeowners can expect a tax bill of $1,854. The median home price in Washtucna is $79,000, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, the property taxes in Washtucna offer a relatively affordable option for homeowners. However, the variability in tax bills underscores the importance of understanding how assessed values and local tax rates impact individual financial responsibilities.
Average Washtucna Tax Bill
$444
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Washtucna, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99371 | $120 | $242 | $444 | $1,325 | $1,854 |
Source: Ownwell