Ethel, Washington Property Taxes
The median property tax rate in Ethel, WA is 0.67%, notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Ethel at $361,750, the typical annual property tax bill is $2,384, which is below the national median of $2,690. Property taxes in Ethel are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ethel'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 Ethel or another part of Lewis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ethel, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$2,424
$2,249
Ownwell’s Ethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ethel 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 Ethel, Washington
Property taxes in Ethel, WA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ethel is 0.67%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Ethel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ethel 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 Ethel's effective property tax rate to other counties in Washington and the national median. For comparison, the 98542 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Ethel 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 Ethel Tax Rate
0.67%
Average Lewis County Tax Rate
0.75%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ethel, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98542 | 0.65% | 0.66% | 0.67% | 0.68% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Ethel, Washington
In Ethel, 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. In Ethel, 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 Ethel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ethel is $361,750, with the highest median tax bill being $2,384 in zip code 98542.
Average Ethel Assessed Value
$361,750
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 Ethel, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98542 | $81,870 | $229,950 | $361,750 | $479,775 | $584,580 |
Source: Ownwell
Property Tax Bills Across Ethel, Washington
Property tax bills in Ethel, located in Lewis County, WA, are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For context, the median home price in Ethel is $361,750. Homeowners in Ethel can expect their tax bills to vary significantly. At the 25th percentile, the annual tax bill is around $1,350, while it rises to $3,201 at the 75th percentile. For those at the 90th percentile, the tax bill can reach up to $3,851. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Factors such as property improvements, changes in market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. Higher property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and financial planning.
Average Ethel Tax Bill
$2,384
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ethel, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98542 | $331 | $1,350 | $2,384 | $3,201 | $3,851 |
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 |