Cle Elum, Washington Property Taxes
The median property tax rate in Cle Elum, WA is 0.65%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $482,865 in Cle Elum, the typical annual property tax bill amounts to $3,102, surpassing the national median of $2,690. Property taxes in Cle Elum are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cle Elum'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 Cle Elum 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
Cle Elum, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$3,139
$3,066
Ownwell’s CLE ELUM Property Tax Bill Calculator is an invaluable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in CLE ELUM. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in CLE ELUM to provide an accurate estimate of your property tax bill. This powerful tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more granular insights, scroll down to explore trends at the neighborhood level. Your property’s assessed value, determined by the county, forms the basis for these calculations and considers any applicable exemptions.
Property Tax Rates Across Cle Elum, Washington
Property taxes in Cle Elum, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cle Elum is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Cle Elum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cle Elum 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 Cle Elum's effective property tax rate to other counties in Washington and the national median. For comparison, the 98922 zip code has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Cle Elum provides valuable insights into the varying tax landscape across Kittitas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cle Elum Tax Rate
0.65%
Average Kittitas County Tax Rate
0.67%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cle Elum, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98922 | 0.60% | 0.62% | 0.65% | 0.65% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Cle Elum, Washington
In Cle Elum, 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 Kittitas 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 Cle Elum, 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 Cle Elum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98922 has both the highest and lowest median tax bill, which stands at $3,102.
Average Cle Elum Assessed Value
$482,865
Average Kittitas County Assessed Value
$385,890
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cle Elum, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98922 | $201,944 | $305,332 | $482,865 | $835,665 | $1,507,387 |
Source: Ownwell
Property Tax Bills Across Cle Elum, Washington
Property tax bills in Cle Elum, located in Kittitas County, WA, are determined by assessing the value of your property and applying the local tax rate. The assessed value is based on the market value of your home, which in Cle Elum has a median home price of $482,865. This assessed value is then multiplied by the local tax rate to calculate your annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. For example, in Cle Elum, the tax bill ranges significantly, with the 25th percentile at $1,902 and the 75th percentile at $5,331. Homeowners in the 90th percentile face tax bills as high as $9,703. This variability means that homeowners must be aware of how changes to their property or fluctuations in the housing market can impact their tax obligations. Compared to the national median property tax rate of 0.99%, the tax rates in Cle Elum can result in substantial differences in annual tax payments, affecting household budgets and financial planning.
Average Cle Elum Tax Bill
$3,102
Average Kittitas County Tax Bill
$3,249
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Cle Elum, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98922 | $1,192 | $1,902 | $3,102 | $5,331 | $9,703 |
Source: Ownwell