Wishram, Washington Property Taxes
The median property tax rate in Wishram, WA is 0.93%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $55,260 in Wishram, the typical annual property tax bill amounts to $518, which is significantly lower than the national median of $2,690. Property taxes in Wishram are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Wishram's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wishram or another part of Klickitat County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wishram, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$514
$477
Ownwell’s Wishram Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wishram with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wishram 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 Wishram, Washington
Property taxes in Wishram, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wishram is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Wishram set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wishram 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 Wishram's effective property tax rate to other areas in Klickitat County and the national median. For comparison, the 98623 zip code has the highest median property tax rate of 1.09%, while the 98673 zip code has the lowest median tax rate of 0.93%. Understanding how these areas compare with Wishram 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 Wishram Tax Rate
0.93%
Average Klickitat County Tax Rate
1.07%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wishram, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98623 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
| 98673 | 0.86% | 0.90% | 0.93% | 0.98% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Wishram, Washington
In Wishram, 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 Wishram, 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 Wishram helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $526 in zip code 98673, while the lowest is $206 in zip code 98623.
Average Wishram Assessed Value
$55,260
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 Wishram, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98623 | $18,900 | $18,900 | $18,900 | $18,900 | $18,900 |
| 98673 | $23,050 | $24,605 | $55,490 | $86,325 | $124,754 |
Source: Ownwell
Property Tax Bills Across Wishram, Washington
In Wishram, WA, property tax bills are calculated based on the assessed value of your home. The median home price in Wishram is $55,260, and the property tax rate is applied to this assessed value to determine your annual tax bill. Factors such as the location within Klickitat County and specific zip codes can influence the tax amount. For instance, the highest median tax bill in the area is $526 in zip code 98673, while the lowest is $206 in zip code 98623. Homeowners in Wishram can expect their tax bills to vary significantly. The 25th percentile tax bill is $228, the 75th percentile is $794, and the 90th percentile reaches $1,161. These variations are influenced by differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Wishram's property taxes can be relatively modest, providing some financial relief to homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Wishram Tax Bill
$518
Average Klickitat County Tax Bill
$1,272
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Wishram, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98623 | $206 | $206 | $206 | $206 | $206 |
| 98673 | $216 | $228 | $526 | $796 | $1,161 |
Source: Ownwell