Morton, Washington Property Taxes
The median property tax rate in Morton, WA is 0.70%, 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 $253,100 in Morton, the typical annual property tax bill amounts to $1,675, falling below the national median of $2,690. Property taxes in Morton are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Morton's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Morton or another part of the city, gaining insights into the local property tax system is beneficial for managing costs effectively.
Last Updated June 14, 2024
Morton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,772
$1,731
Ownwell’s Morton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morton 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 Morton, Washington
Property taxes in Morton, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morton is 0.70%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Morton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morton 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 Morton's effective property tax rate to other counties in Washington and the national median. For comparison, the 98356 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Morton 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 Morton Tax Rate
0.70%
Average Lewis County Tax Rate
0.75%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98356 | 0.66% | 0.69% | 0.70% | 0.71% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Morton, Washington
In Morton, 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 Morton, 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 Morton is $253,100, with tax bills ranging from $670 at the 25th percentile to $3,293 at the 90th percentile. Being aware of these valuation processes in Morton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Morton Assessed Value
$253,100
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 Morton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98356 | $59,560 | $131,925 | $253,150 | $355,675 | $476,970 |
Source: Ownwell
Property Tax Bills Across Morton, Washington
In Morton, Lewis County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Morton is $253,100, which serves as a starting point for determining the tax bill. Local authorities assess the property value annually to reflect current market conditions. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including local government budgets, school funding needs, and public services. Homeowners in Morton can expect to pay a property tax bill that varies significantly, with the 25th percentile at $670 and the 75th percentile reaching $2,439. At the 90th percentile, the tax bill can go up to $3,293. Compared to the national median property tax rate of 0.99%, Morton's rates reflect the specific financial needs and priorities of the local community. This variability in tax bills directly impacts homeowners, influencing their annual financial planning and long-term investment in property.
Average Morton Tax Bill
$1,675
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Morton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98356 | $277 | $673 | $1,675 | $2,439 | $3,293 |
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 |