Lyle, Washington Property Taxes
The median property tax rate in Lyle, WA is 1.02%, slightly higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Lyle at $157,750, the typical annual property tax bill reaches $1,546, which is below the national median of $2,690. Property taxes in Lyle 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 Lyle'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 Lyle 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
Lyle, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,609
$1,493
Ownwell’s Lyle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyle 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 Lyle, Washington
Property taxes in Lyle, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyle is 1.02%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Lyle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyle 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 Lyle's effective property tax rate to other areas in Washington and the national median. For comparison, the 98672 zip code has the highest median property tax rate of 1.15%, while the 98620 zip code has the lowest median tax rate of 0.88%. Understanding how these areas compare with Lyle 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 Lyle Tax Rate
1.02%
Average Klickitat County Tax Rate
1.07%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyle, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98263 | 0.88% | 0.94% | 1.05% | 1.15% | 1.22% |
| 98605 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
| 98620 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
| 98635 | 0.83% | 0.93% | 1.02% | 1.13% | 1.26% |
| 98672 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Lyle, Washington
In Lyle, 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 Lyle, 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. For instance, the highest median tax bill in the area is $2,642 in zip code 98620, while the lowest median tax bill is $474 in zip code 98263. 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 Lyle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lyle Assessed Value
$157,750
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 Lyle, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98263 | $38,090 | $41,675 | $47,650 | $53,625 | $57,210 |
| 98605 | $82,500 | $82,500 | $82,500 | $82,500 | $82,500 |
| 98620 | $299,000 | $299,000 | $299,000 | $299,000 | $299,000 |
| 98635 | $41,885 | $82,500 | $164,835 | $268,470 | $381,729 |
| 98672 | $112,120 | $112,120 | $112,120 | $112,120 | $112,120 |
Source: Ownwell
Property Tax Bills Across Lyle, Washington
In Lyle, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the Klickitat County Assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the home's market value, any improvements made, and comparable property values in the area are considered in the assessment process. Homeowners in Lyle can expect a wide range of tax bills. The 25th percentile tax bill is around $708, while the 75th percentile reaches $2,683. For those in the 90th percentile, tax bills can soar to $3,800. When compared to the national median property tax rate of 0.99%, Lyle's tax rates can vary significantly, impacting homeowners differently based on their property's assessed value. For instance, the highest median tax bill in Klickitat County is $2,642 in the 98620 zip code, while the lowest is $474 in the 98263 zip code. These variations highlight the importance of understanding local property assessments and tax rates to better anticipate annual tax obligations.
Average Lyle Tax Bill
$1,546
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyle, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98263 | $455 | $462 | $474 | $486 | $494 |
| 98605 | $772 | $772 | $772 | $772 | $772 |
| 98620 | $2,642 | $2,642 | $2,642 | $2,642 | $2,642 |
| 98635 | $433 | $749 | $1,625 | $2,758 | $3,839 |
| 98672 | $1,291 | $1,291 | $1,291 | $1,291 | $1,291 |
Source: Ownwell