Ronald, Washington Property Taxes
The median property tax rate in Ronald, WA is 0.63%, which is considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Ronald at $497,615, the typical annual property tax bill reaches $3,060, surpassing the national median of $2,690. Property taxes in Ronald 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 Ronald'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 Ronald 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
Ronald, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Ronald Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ronald with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ronald 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 Ronald, Washington
Property taxes in Ronald, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ronald is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Ronald set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ronald 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 Ronald's effective property tax rate to other counties in Washington and the national median. For comparison, the 98940 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Ronald 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 Ronald Tax Rate
0.63%
Average Kittitas County Tax Rate
0.67%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ronald, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98940 | 0.62% | 0.63% | 0.63% | 0.63% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Ronald, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ronald, 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 Kittitas 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 Ronald, 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. The median home price in Ronald is $497,615, with tax bills varying widely. The 25th percentile tax bill is $2,159, while the 75th percentile reaches $4,306. The highest median tax bill is $3,060 in the 98940 zip code, which also has the lowest median tax bill at $3,060. Being aware of these valuation processes in Ronald helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ronald Assessed Value
$497,615
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 Ronald, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98940 | $249,094 | $345,630 | $497,615 | $687,975 | $964,476 |
Source: Ownwell
Property Tax Bills Across Ronald, Washington
In Ronald, Kittitas County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Ronald face varying tax bills depending on their property's assessed value and the specific tax rate applied. For instance, the median home price in the area is $497,615. Homeowners at the 25th percentile pay around $2,159 in property taxes, while those at the 75th percentile see bills closer to $4,306. At the 90th percentile, property tax bills can reach up to $5,959. These figures illustrate how property values significantly influence tax obligations. Compared to the national median property tax rate of 0.99%, Ronald's property tax rates can lead to substantial annual expenses for homeowners. The highest median tax bill in the area is $3,060, found in the 98940 zip code, highlighting the financial impact of property taxes on residents. Understanding these factors helps homeowners plan and manage their annual tax responsibilities effectively.
Average Ronald Tax Bill
$3,060
Average Kittitas County Tax Bill
$3,249
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ronald, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98940 | $1,389 | $2,159 | $3,060 | $4,306 | $5,959 |
Source: Ownwell