Stevenson, Washington Property Taxes
The median property tax rate in Stevenson, WA is 1.34%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Stevenson, the typical annual property tax bill reaches $1,457, which is below the national median of $2,690. Property taxes in Stevenson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stevenson’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 Stevenson 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
Stevenson, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,996
$1,853
Ownwell’s Stevenson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stevenson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stevenson 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 Stevenson, Washington
Property taxes in Stevenson, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stevenson is 1.34%, notably higher than the U.S. national median of 0.99%. Local government entities within Stevenson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stevenson 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 Stevenson's effective property tax rate to other areas in the county and the national median. For comparison, the highest and lowest median property tax rates in the county are both 1.34%, found in the 98648 zip code. Understanding how these areas compare with Stevenson 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 Stevenson Tax Rate
1.34%
Average Klickitat County Tax Rate
1.07%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stevenson, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98648 | 0.96% | 1.10% | 1.34% | 1.58% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Stevenson, Washington
In Stevenson, 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 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 Stevenson, 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 Stevenson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Stevenson are both $1457, found in the 98648 zip code.
Average Stevenson Assessed Value
$148,990
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 Stevenson, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98648 | $57,798 | $91,995 | $148,990 | $205,985 | $240,182 |
Source: Ownwell
Property Tax Bills Across Stevenson, Washington
In Stevenson, WA, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, in Klickitat County, where Stevenson is located, the median home price is $148,990. Homeowners in Stevenson can expect tax bills that vary significantly. At the 25th percentile, the tax bill is around $1,047, while at the 75th percentile, it climbs to $1,867. For those at the 90th percentile, the tax bill can reach $2,113. These figures highlight the impact of property values and tax rates on homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Stevenson's tax bills reflect the local economic conditions and property values. Homeowners must consider these factors when budgeting for their annual expenses, as property taxes can significantly influence overall financial planning.
Average Stevenson Tax Bill
$1,457
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Stevenson, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98648 | $801 | $1,047 | $1,457 | $1,867 | $2,113 |
Source: Ownwell