Carnation, Washington Property Taxes
The median property tax rate in Carnation, WA is 0.91%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $910,000 in Carnation, the typical annual property tax bill reaches $8,025, significantly surpassing the national median of $2,690. Property taxes in Carnation are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Carnation'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 Carnation or another part of King County, grasping the local property tax intricacies will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carnation, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Carnation, Washington Tax Savings
Ownwell’s Carnation Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carnation with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carnation 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 Carnation. 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 Carnation, Washington
Property taxes in Carnation, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carnation is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Carnation set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carnation 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 Carnation's effective property tax rate to other areas within King County and the national median. For comparison, the 98014 zip code has the highest median property tax rate of 0.91%, while the 98014 zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Carnation 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 Carnation Tax Rate
0.91%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carnation, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98014 | 0.83% | 0.83% | 0.91% | 0.96% | 0.98% |
Source: Ownwell
$1,148
Average Carnation Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Carnation, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Carnation, WA. 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 Carnation, 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 instance, the median home price in Carnation is $910,000, with tax bills ranging from $5,785 at the 25th percentile to $13,398 at the 90th percentile. The zip code 98014 has both the highest and lowest median tax bill, recorded at $8,025. 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.
Property Tax Assessment Values Across Carnation, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Carnation Assessed Value
$910,000
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 Carnation, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98014 | $512,700 | $668,000 | $910,000 | $1,159,000 | $1,499,000 |
Source: Ownwell
$1,148
Average Carnation Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Carnation, Washington
In Carnation, King County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This value is then multiplied by the local tax rate. With a median home price of $910,000, homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is around $5,785, while those in the 75th percentile pay approximately $10,426. The highest median tax bill in the area is $8,025, which is notably higher than the national median property tax rate of 0.99%. Several factors influence your property tax bill, including changes in the assessed value of your home and local tax rates. These taxes can significantly impact homeowners, making it essential to ensure you're not overpaying. Ownwell can assist by providing expert property tax appeal and exemption services, helping you potentially lower your tax bill. By analyzing your property’s assessed value and identifying possible discrepancies, Ownwell ensures you only pay your fair share.
Average Carnation Tax Bill
$8,025
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Carnation, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98014 | $4,057 | $5,785 | $8,025 | $10,426 | $13,398 |
Source: Ownwell
$1,148
Average Carnation 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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