Castle Rock, Washington Property Taxes
The median property tax rate in Castle Rock, WA is 0.72%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $100,300 in Castle Rock, the typical annual property tax bill amounts to $809, significantly less than the national median of $2,690. Property taxes in Castle Rock are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Castle Rock'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 Castle Rock or another part of Lewis County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Castle Rock, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$722
$705
Ownwell’s Castle Rock Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Castle Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castle Rock to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular trends, additional localized information is available below. Your property’s assessed value is the value assigned by Lewis County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Castle Rock, Washington
Property taxes in Castle Rock, Washington, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Castle Rock is 0.72%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Castle Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castle Rock 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 Castle Rock's effective property tax rate to other areas in Washington and the national median. For comparison, the 98611 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Castle Rock provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Castle Rock Tax Rate
0.72%
Average Lewis County Tax Rate
0.75%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castle Rock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98593 | N/A | N/A | N/A | N/A | N/A |
| 98596 | N/A | N/A | N/A | N/A | N/A |
| 98611 | 0.71% | 0.71% | 0.72% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Castle Rock, Washington
In Castle Rock, 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 Lewis 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. Assessment notices in Castle Rock 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 Castle Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Castle Rock both stand at $809, with the zip code 98611.
Average Castle Rock Assessed Value
$100,300
Average Lewis County Assessed Value
$301,900
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Castle Rock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98593 | N/A | N/A | N/A | N/A | N/A |
| 98596 | N/A | N/A | N/A | N/A | N/A |
| 98611 | $24,740 | $51,050 | $108,900 | $285,250 | $340,320 |
Source: Ownwell
Property Tax Bills Across Castle Rock, Washington
In Castle Rock, located in Lewis County, WA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The median home price in Castle Rock is $100,300, and the tax rate is influenced by various factors, including county budgets, local government needs, and school district funding. For homeowners, this means that their property tax bill can vary significantly based on the assessed value of their property and the specific tax rate applied. For example, the 25th percentile of tax bills in Castle Rock is $368, while the 75th percentile is $2,086, and the 90th percentile reaches $2,425. These variations highlight how different factors such as property improvements, neighborhood developments, and changes in local government spending can impact the final tax bill. Homeowners in Castle Rock can expect their tax bills to reflect both the assessed value of their property and the financial requirements of their community, which can significantly affect their annual financial planning.
Average Castle Rock Tax Bill
$809
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Castle Rock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98593 | N/A | N/A | N/A | N/A | N/A |
| 98596 | N/A | N/A | N/A | N/A | N/A |
| 98611 | $180 | $368 | $809 | $2,086 | $2,425 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Lewis Tax Assessor | |
| Website | parcels.lewiscountywa.gov |