Mossyrock, Washington Property Taxes
The median property tax rate in Mossyrock, WA is 0.67%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Mossyrock at $124,000, the typical annual property tax bill amounts to $755, well below the national median of $2,690. Property taxes in Mossyrock are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mossyrock'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 Mossyrock or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mossyrock, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$831
$771
Ownwell’s Mossyrock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mossyrock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mossyrock 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 Mossyrock, Washington
Property taxes in Mossyrock, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mossyrock is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Mossyrock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mossyrock 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 Mossyrock's effective property tax rate to other areas in Lewis County and the national median. For comparison, the zip code 98564 has the same median property tax rate of 0.67%. Understanding how these areas compare with Mossyrock 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 Mossyrock 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 Mossyrock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98564 | 0.64% | 0.66% | 0.67% | 0.72% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Mossyrock, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mossyrock, WA. 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 Mossyrock, 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. For instance, the median home price in Mossyrock is $124,000, with the 25th percentile tax bill at $74 and the 75th percentile tax bill at $2,173. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code 98564 has both the highest and lowest median tax bill at $755. Being aware of these valuation processes in Mossyrock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mossyrock Assessed Value
$124,000
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 Mossyrock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98564 | $2,900 | $11,100 | $124,000 | $326,125 | $508,120 |
Source: Ownwell
Property Tax Bills Across Mossyrock, Washington
In Mossyrock, Lewis County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. Factors influencing the tax bill include the home's location, size, and any improvements made. Homeowners in Mossyrock experience a range of property tax bills. For example, the 25th percentile tax bill is $74, reflecting lower-value properties, while the 75th percentile tax bill is $2,173, indicating higher-value properties. The 90th percentile tax bill reaches $3,527, showing the upper end of tax liabilities in the area. Comparing these figures to the national median property tax rate of 0.99%, Mossyrock homeowners might find their tax bills relatively moderate. This variability in tax bills can significantly affect homeowners' financial planning, influencing decisions on home improvements and property investments.
Average Mossyrock Tax Bill
$755
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Mossyrock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98564 | $20 | $74 | $755 | $2,173 | $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 |