Rochester, Washington Property Taxes
The median property tax rate in Rochester, WA is 0.85%, slightly lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $383,800 in Rochester, the typical annual property tax bill reaches $3,107, surpassing the national median of $2,690. Property taxes in Rochester are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rochester'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 Rochester 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
Rochester, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Rochester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rochester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rochester 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 Rochester, Washington
Property taxes in Rochester, Washington, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Rochester is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochester 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 Rochester's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98579 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Rochester 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 Rochester Tax Rate
0.85%
Average Lewis County Tax Rate
0.75%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rochester, Washington
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98579 | 0.59% | 0.85% | 0.85% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Rochester, Washington
In Rochester, 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 Rochester, 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. The median home price in Rochester is $383,800, with tax bills ranging from $1,589 at the 25th percentile to $5,250 at the 90th percentile. 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 Rochester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rochester Assessed Value
$383,800
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 Rochester, Washington
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98579 | $122,320 | $283,400 | $383,800 | $511,100 | $615,800 |
Source: Ownwell
Property Tax Bills Across Rochester, Washington
In Rochester, located in Lewis County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For context, the median home price in Rochester is $383,800. Several factors influence the total tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. For homeowners, this means that their tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $1,589, while at the 75th percentile, it rises to $4,321. The tax bill for the 90th percentile reaches $5,250. Comparatively, the national median property tax rate is 0.99%, which helps to put Rochester's property taxes into perspective. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Rochester Tax Bill
$3,107
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochester, Washington
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98579 | $553 | $1,589 | $3,107 | $4,321 | $5,250 |
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 |