Vantage, Washington Property Taxes
The median property tax rate in Vantage, WA is 0.79%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Vantage at $338,710, the typical annual property tax bill reaches $2,693, slightly above the national median of $2,690. Property taxes in Vantage are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Vantage'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 Vantage 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
Vantage, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$2,676
$2,483
Ownwell’s Vantage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vantage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vantage 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 Vantage, Washington
Property taxes in Vantage, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vantage is 0.79%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Vantage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vantage 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 Vantage's effective property tax rate to other counties in Washington and the national median. For comparison, the 98950 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these areas compare with Vantage 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 Vantage Tax Rate
0.79%
Average Kittitas County Tax Rate
0.67%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vantage, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98950 | 0.79% | 0.79% | 0.79% | 0.79% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Vantage, Washington
In Vantage, 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 Vantage, 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 Vantage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Vantage is $338,710. The median tax bill ranges significantly, with the 25th percentile at $255 and the 75th percentile at $3,787. The highest median tax bill in the area is $2,693, found in zip code 98950.
Average Vantage Assessed Value
$338,710
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 Vantage, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98950 | $5,610 | $32,370 | $338,710 | $477,350 | $660,856 |
Source: Ownwell
Property Tax Bills Across Vantage, Washington
In Vantage, located in 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. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. The tax rate in Vantage is influenced by various factors, including local government budgets and voter-approved levies. Homeowners in Vantage experience a range of property tax bills. For example, the 25th percentile of tax bills is around $255, while the 75th percentile reaches $3,787, and the 90th percentile can be as high as $5,235. These figures highlight the variability in tax bills, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Vantage's rates are relatively moderate, but the actual amount paid can vary widely based on property values and specific local tax rates.
Average Vantage Tax Bill
$2,693
Average Kittitas County Tax Bill
$3,249
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Vantage, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98950 | $35 | $255 | $2,693 | $3,787 | $5,235 |
Source: Ownwell