Mabton, Washington Property Taxes
The median property tax rate in Mabton, WA is 0.95%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $30,340 in Mabton, the typical annual property tax bill amounts to $289, which is significantly below the national median of $2,690. Property taxes in Mabton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mabton'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 Mabton 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
Mabton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$288
$267
Ownwell’s Mabton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mabton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mabton 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 Mabton, Washington
Property taxes in Mabton, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mabton is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Mabton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mabton 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 Mabton's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98935 has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Mabton 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 Mabton Tax Rate
0.95%
Average Klickitat County Tax Rate
1.07%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mabton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98935 | 0.77% | 0.84% | 0.95% | 0.95% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Mabton, Washington
In Mabton, 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 Assessor's Office 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. 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 Mabton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the 98935 zip code are both $289, reflecting a consistent tax environment across the area.
Average Mabton Assessed Value
$30,340
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 Mabton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98935 | $30,228 | $30,270 | $30,340 | $35,170 | $38,068 |
Source: Ownwell
Property Tax Bills Across Mabton, Washington
In Mabton, property tax bills are calculated based on the assessed value of a home, which is determined by the Klickitat County Assessor's Office. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. The tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the tax rate, including local government budgets, public school funding needs, and infrastructure projects. For homeowners in Mabton, the median home price is $30,340, with property tax bills ranging from $288 at the 25th percentile to $289 at the 90th percentile. This narrow range indicates a relatively consistent tax burden across different property values. Compared to the national median property tax rate of 0.99%, Mabton's property tax rate is notably lower, making it an attractive location for homeowners seeking affordable living costs. This lower tax burden can significantly affect homeowners by reducing their annual expenses, thereby enhancing their overall financial well-being.
Average Mabton Tax Bill
$289
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Mabton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98935 | $288 | $288 | $289 | $289 | $289 |
Source: Ownwell