South Cle Elum, Washington Property Taxes
The median property tax rate in South Cle Elum, WA is 0.58%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in South Cle Elum at $307,100, the typical annual property tax bill reaches $1,696, which is significantly below the national median of $2,690. Property taxes in South Cle Elum 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 South 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 South 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
South Cle Elum, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,781
$1,740
Ownwell’s South Cle Elum Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in South Cle Elum with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in South Cle Elum to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in understanding trends at a neighborhood level, more localized information is available by scrolling down. Your property’s assessed value is the value assigned by Kittitas County for property tax calculations, considering any exemptions that may apply.
Property Tax Rates Across South Cle Elum, Washington
Property taxes in South Cle Elum, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Cle Elum is 0.58%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within South Cle Elum set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Cle Elum's effective property tax rate to other counties in Washington and the national median. For comparison, the 98943 zip code has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with South 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 South Cle Elum Tax Rate
0.58%
Average Kittitas County Tax Rate
0.67%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Cle Elum, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98943 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across South Cle Elum, Washington
In South 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 South 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 South Cle Elum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98943 has the highest and lowest median tax bill, both at $1,696.
Property Tax Assessment Values Across South Cle Elum, Washington
Source: Ownwell
$71,170
$370,085
$669,000
Average South Cle Elum Assessed Value
$307,100
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 South Cle Elum, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98943 | $187,625 | $239,462 | $307,100 | $385,972 | $457,140 |
Source: Ownwell
Property Tax Bills Across South Cle Elum, Washington
In South Cle Elum, property tax bills are calculated based on the assessed value of your home and the local tax rate set by Kittitas County. The assessed value is determined by the county assessor, who evaluates the market value of your property. This value is then multiplied by the local tax rate to calculate your annual tax bill. For example, with a median home price of $307,100, homeowners in South Cle Elum can expect to pay a tax bill that falls within a range of $1,362 to $2,731, depending on various factors such as property location and applicable exemptions. The local tax rate in South Cle Elum is slightly above the national median property tax rate of 0.99%, impacting homeowners by requiring a more significant portion of their budget to cover property taxes. Understanding how these factors interplay helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average South Cle Elum Tax Bill
$1,696
Average Kittitas County Tax Bill
$3,249
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across South Cle Elum, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98943 | $965 | $1,362 | $1,696 | $2,223 | $2,731 |
Source: Ownwell