Glenoma, Washington Property Taxes
The median property tax rate in Glenoma, WA is 0.74%, notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Glenoma at $270,500, the typical annual property tax bill is approximately $1,896, falling below the national median of $2,690. Property taxes in Glenoma are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Glenoma's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in Glenoma or investing in real estate within the area, being well-versed in the local property tax system can yield significant financial benefits.
Last Updated June 14, 2024
Glenoma, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,002
$1,955
Ownwell’s Glenoma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenoma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenoma 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 Glenoma, Washington
Property taxes in Glenoma, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenoma is 0.74%, lower than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Glenoma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenoma 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 Glenoma's effective property tax rate to other counties in Washington and the national median. For comparison, the 98336 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these areas compare with Glenoma 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 Glenoma Tax Rate
0.74%
Average Lewis County Tax Rate
0.75%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenoma, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98336 | 0.59% | 0.73% | 0.74% | 0.74% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Glenoma, Washington
In Glenoma, 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 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 Glenoma, 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. For example, the median home price in Glenoma is $270,500, with the highest median tax bill being $1,896 in the 98336 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glenoma Assessed Value
$270,500
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 Glenoma, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98336 | $54,220 | $146,700 | $270,500 | $381,500 | $484,240 |
Source: Ownwell
Property Tax Bills Across Glenoma, Washington
In Glenoma, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Glenoma, the annual property tax bills vary significantly. At the 25th percentile, homeowners pay approximately $833, while those at the 75th percentile face a tax bill of around $2,664. The 90th percentile sees property tax bills reaching up to $3,527. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. With a median home price of $270,500, Glenoma's property tax rate is comparable to the national median property tax rate of 0.99%. This ensures that Glenoma remains an attractive place for homeowners, balancing the need for public services with the financial burden on residents.
Average Glenoma Tax Bill
$1,896
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenoma, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98336 | $268 | $833 | $1,896 | $2,664 | $3,527 |
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 |