Bingen, Washington Property Taxes
The median property tax rate in Bingen, WA is 1.01%, slightly higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Bingen at $179,145, the typical annual property tax bill reaches $1,844, which is below the national median of $2,690. Property taxes in Bingen are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bingen'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 Bingen 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
Bingen, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,809
$1,679
Ownwell’s Bingen Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bingen with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bingen to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, giving you a clearer financial picture. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bingen, Washington
Property taxes in Bingen, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bingen is 1.00%, which is slightly higher than the U.S. national median of 0.99%. Local government entities within Bingen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bingen 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 Bingen's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98605 has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Bingen provides valuable insights into the varying tax landscape across Klickitat County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bingen Tax Rate
1.01%
Average Klickitat County Tax Rate
1.07%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bingen, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | 0.86% | 0.92% | 1.00% | 1.10% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Bingen, Washington
In Bingen, 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 Klickitat 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 Bingen, 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 Bingen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bingen is $179,145, with tax bills ranging from $1,245 at the 25th percentile to $3,150 at the 90th percentile. The zip code 98605 has both the highest and lowest median tax bill of $1,858.
Average Bingen Assessed Value
$179,145
Average Klickitat County Assessed Value
$126,140
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bingen, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | $97,430 | $140,110 | $181,290 | $230,990 | $293,344 |
Source: Ownwell
Property Tax Bills Across Bingen, Washington
In Bingen, located in Klickitat County, WA, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the county assessor and is typically a percentage of the home's market value. Once the assessed value is established, the property tax rate, which is specific to the area, is applied. For homeowners in Bingen, the tax bill can vary significantly. For example, the 25th percentile tax bill is around $1,245, while the 75th percentile tax bill reaches up to $2,325. At the 90th percentile, homeowners might see tax bills as high as $3,150. These figures indicate a range of property tax burdens depending on the assessed value of the home. Compared to the national median property tax rate of 0.99%, the property tax rates in Bingen can be quite variable, impacting homeowners differently depending on their property's assessed value. This variability underscores the importance of understanding how local assessments and tax rates can affect overall property tax bills.
Average Bingen Tax Bill
$1,844
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Bingen, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | $447 | $1,291 | $1,858 | $2,330 | $3,241 |
Source: Ownwell