Unknown, Washington Property Taxes
The median property tax rate in UNKNOWN, WA is 1.01%, slightly above both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in UNKNOWN, the typical annual property tax bill is $760, which is lower than the national median of $2,690. Property taxes in UNKNOWN are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding UNKNOWN'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 UNKNOWN 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
Unknown, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$783
$765
Ownwell’s UNKNOWN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNKNOWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNKNOWN 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 Klickitat County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Unknown, Washington
Property taxes in UNKNOWN, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in UNKNOWN is 1.01%, which is higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within UNKNOWN set these rates annually, and they can vary significantly across different neighborhoods. Each year, UNKNOWN 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. Understanding how UNKNOWN's property tax rates compare to other areas within Klickitat County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Unknown 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 Unknown, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Unknown, Washington
In UNKNOWN, 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 UNKNOWN, 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 UNKNOWN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Klickitat County is $77,525, with tax bills ranging from $508 at the 25th percentile to $2,969 at the 90th percentile.
Average Unknown Assessed Value
$77,525
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 Unknown, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Unknown, Washington
In Klickitat County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Klickitat County, the median home price stands at $77,525. Property tax bills can vary significantly, with the 25th percentile at $508, the 75th percentile at $1,760, and the 90th percentile reaching $2,969. These figures indicate that while some homeowners may experience relatively low property taxes, others could face much higher bills, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, homeowners in Klickitat County may find their tax obligations to be relatively moderate or high, affecting their overall housing costs and financial planning.
Average Unknown Tax Bill
$760
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Unknown, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell