Prosser, Washington Property Taxes
The median property tax rate in Prosser, 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 Prosser, the typical annual property tax bill reaches $637, which is notably lower than the national median of $2,690. Property taxes in Prosser are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Prosser'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 Prosser 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
Prosser, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$533
$495
Ownwell’s Prosser Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prosser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prosser 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 Prosser, Washington
Property taxes in Prosser, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prosser is 1.01%, which is slightly higher than the U.S. national median of 0.99%. Local government entities within Prosser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prosser 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 Prosser's effective property tax rate to other areas in Klickitat County and the national median. For comparison, the 99350 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Prosser 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 Prosser 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 Prosser, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99350 | 0.68% | 0.78% | 1.01% | 1.42% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Prosser, Washington
In Prosser, 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 Prosser, 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 Prosser helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Prosser is 99350, with a median tax bill of $637.
Average Prosser Assessed Value
$52,820
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 Prosser, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99350 | $13,048 | $20,150 | $52,820 | $92,190 | $124,596 |
Source: Ownwell
Property Tax Bills Across Prosser, Washington
In Prosser, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting what your property would likely sell for in the current market. Various factors are considered, including property size, location, and condition. Homeowners in Prosser can expect their tax bills to vary significantly. For example, at the 25th percentile, the tax bill is around $377, while at the 75th percentile, it rises to approximately $908. The 90th percentile sees tax bills as high as $1,417. These figures illustrate the range of property tax burdens within the city, affecting homeowners differently based on their property's assessed value. Comparing this to the national median property tax rate of 0.99%, Prosser's property taxes can be relatively manageable, but they still represent a significant expense for many homeowners. Knowing how these taxes are calculated can help residents better plan their finances and potentially seek exemptions or appeals if they believe their property is over-assessed.
Average Prosser Tax Bill
$637
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Prosser, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99350 | $118 | $377 | $637 | $908 | $1,417 |
Source: Ownwell