Montesano, Washington Property Taxes
The median property tax rate in Montesano, WA is 1.16%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Montesano, the typical annual property tax bill reaches $2,868, exceeding the national median of $2,690. Property taxes in Montesano 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 Montesano'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 Montesano 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
Montesano, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$2,975
$2,907
Ownwell’s Montesano Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Montesano with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Montesano to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, scroll down to access localized information. Your property’s assessed value is the figure determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Montesano, Washington
Property taxes in Montesano, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Montesano is 1.16%, higher than the U.S. national median of 0.99%. Local government entities within Montesano set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montesano 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 Montesano's effective property tax rate to other areas in Grays Harbor County and the national median. For comparison, the 98563 zip code has the highest median property tax rate of 1.16%, while the 98563 zip code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Montesano provides valuable insights into the varying tax landscape across Grays Harbor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montesano Tax Rate
1.16%
Average Grays Harbor County Tax Rate
1.12%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montesano, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98563 | 0.90% | 1.06% | 1.16% | 1.25% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Montesano, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Montesano, Washington. 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 Grays Harbor 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 Montesano, 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. For example, the median home price in Montesano is $256,488, with annual tax bills ranging from $1,806 at the 25th percentile to $5,212 at the 90th percentile. The highest and lowest median tax bills, both at $2,868, are found in zip code 98563. 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 Montesano Assessed Value
$256,488
Average Grays Harbor County Assessed Value
$186,974
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montesano, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98563 | $81,986 | $175,964 | $256,488 | $347,932 | $436,713 |
Source: Ownwell
Property Tax Bills Across Montesano, Washington
In Montesano, property tax bills are calculated based on the assessed value of a home, which is determined by the Grays Harbor County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $256,488, homeowners can expect to pay a median property tax bill around $2,868. Factors influencing the tax bill include property location, home improvements, and market conditions. Homeowners in Montesano face tax bills that can vary significantly. At the 25th percentile, the tax bill is approximately $1,806, while at the 75th percentile, it rises to about $4,056. For those in the 90th percentile, the tax bill can reach up to $5,212. Compared to the national median property tax rate of 0.99%, Montesano's rates reflect the local economic conditions and funding needs for public services. Understanding these factors helps homeowners anticipate their financial commitments and plan accordingly.
Average Montesano Tax Bill
$2,868
Average Grays Harbor County Tax Bill
$1,990
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Montesano, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98563 | $552 | $1,806 | $2,868 | $4,056 | $5,212 |
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 | |
|---|---|
| Grays Harbor Tax Assessor | |
| Website | graysharborwa-taxsifter.publicaccessnow.com |