Beaux Arts, Washington Property Taxes
The median property tax rate in Beaux Arts, WA is 0.68%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Beaux Arts at $2,458,000, the typical annual property tax bill reaches $16,675, significantly exceeding the national median of $2,690. Property taxes in Beaux Arts 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 Beaux Arts' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Beaux Arts 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
Beaux Arts, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$16,714
$15,511
$1,148
Average Tax Savings
Ownwell’s Beaux Arts Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaux Arts with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaux Arts to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Beaux Arts. 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 Beaux Arts, Washington
Property taxes in Beaux Arts, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaux Arts is 0.68%, which is lower than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Beaux Arts set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaux Arts 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 Beaux Arts' effective property tax rate to other areas in Washington and the national median. For comparison, the 98004 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Beaux Arts provides valuable insights into the varying tax landscape across King County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaux Arts Tax Rate
0.68%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaux Arts, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98004 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
$1,148
Average Beaux Arts Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Beaux Arts, Washington
In Beaux Arts, 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 King 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 Beaux Arts, 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 Beaux Arts is $2,458,000, with tax bills ranging from $14,608 at the 25th percentile to $25,656 at the 90th percentile. 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 Beaux Arts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beaux Arts, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Beaux Arts Assessed Value
$2,458,000
Average King County Assessed Value
$770,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaux Arts, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98004 | $1,957,300 | $2,153,000 | $2,458,000 | $3,049,000 | $3,783,400 |
Source: Ownwell
$1,148
Average Beaux Arts Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Beaux Arts, Washington
Property tax bills in Beaux Arts, King County, WA, are calculated based on the assessed value of your property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. The median home price in Beaux Arts is $2,458,000, leading to significant tax bills for homeowners. For instance, the tax bill at the 25th percentile is $14,608, while at the 75th percentile, it rises to $20,680. The highest median tax bill in the area is $16,675, reflecting the substantial property values. Factors such as property improvements, market conditions, and neighborhood trends can influence your property's assessed value, thereby affecting your tax bill. Homeowners in Beaux Arts often face higher tax bills compared to the national median property tax rate of 0.99%. Ownwell can help homeowners in Beaux Arts save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies, Ownwell ensures you are not overpaying, ultimately helping you reduce your annual tax burden.
Average Beaux Arts Tax Bill
$16,675
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaux Arts, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98004 | $13,236 | $14,608 | $16,675 | $20,680 | $25,656 |
Source: Ownwell
$1,148
Average Beaux Arts Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| King Tax Assessor | |
| Phone | (206) 296-7300 |
| Website | blue.kingcounty.com |
| assessor.info@kingcounty.gov | |
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