Kennewick, Washington Property Taxes
The median property tax rate in Kennewick, WA is 1.33%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Kennewick, the typical annual property tax bill reaches $166, which is significantly lower than the national median of $2,690. Property taxes in Kennewick 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 Kennewick'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 Kennewick 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
Kennewick, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$166
$162
Ownwell’s Kennewick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kennewick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kennewick 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 Kennewick, Washington
Property taxes in Kennewick, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kennewick is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Kennewick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kennewick 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 Kennewick's effective property tax rate to other counties in Washington and the national median. For comparison, the 99337 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Kennewick provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kennewick Tax Rate
1.33%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99337 | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Kennewick, Washington
In Kennewick, 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 Grant 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 Kennewick, 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 Kennewick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kennewick are both $166.00, found in the 99337 zip code.
Average Kennewick Assessed Value
$12,500
Average Grant County Assessed Value
$135,922
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99337 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 |
Source: Ownwell
Property Tax Bills Across Kennewick, Washington
In Kennewick, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. The tax rate, set by local government authorities, is then applied to the assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Kennewick, the median property tax bill is $166, which is significantly lower than the national median property tax rate of 0.99%. This lower tax bill can be attributed to the region's relatively modest median home prices. Homeowners benefit from these lower tax rates, as it reduces their overall annual expenses, making homeownership more affordable. However, it's essential for homeowners to stay informed about any changes in assessed values or tax rates, as these can impact their future tax bills.
Average Kennewick Tax Bill
$166
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kennewick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99337 | $166 | $166 | $166 | $166 | $166 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Grant Tax Assessor | |
| Website | grantwa-taxsifter.publicaccessnow.com |