Winlock, Washington Property Taxes
The median property tax rate in Winlock, WA is 0.74%, which is significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $338,900 in Winlock, the typical annual property tax bill is around $2,365, falling below the national median of $2,690. Property taxes in Winlock are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Winlock'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 Winlock or another part of Lewis County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winlock, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,508
$2,327
Ownwell’s Winlock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winlock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winlock 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 Lewis County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Winlock, Washington
Property taxes in Winlock, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winlock is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Winlock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winlock 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 Winlock's effective property tax rate to other counties in Washington and the national median. For comparison, the 98596 zip code has the highest median property tax rate of 0.74%, while the same 98596 zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Winlock 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 Winlock 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 Winlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98596 | 0.65% | 0.70% | 0.74% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Winlock, Washington
In Winlock, 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 Winlock, 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 Winlock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 98596, with a median tax bill of $2,365.
Average Winlock Assessed Value
$338,900
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 Winlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98596 | $87,030 | $225,275 | $338,850 | $434,275 | $558,680 |
Source: Ownwell
Property Tax Bills Across Winlock, Washington
In Winlock, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Winlock is $338,900, and the property tax rate in Lewis County is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the home's assessed value, any applicable exemptions, and the specific tax rate set by local taxing authorities. For homeowners in Winlock, the property tax bills can vary significantly. At the 25th percentile, the tax bill is around $1,387, while at the 75th percentile, it rises to approximately $3,134. The 90th percentile sees tax bills as high as $4,106. Comparatively, the highest and lowest median tax bills in the area both stand at $2,365, emphasizing a relatively consistent tax environment within the zip code 98596. These property taxes directly impact homeowners by influencing their overall housing costs, which can affect affordability and long-term financial planning.
Average Winlock Tax Bill
$2,365
Average Lewis County Tax Bill
$2,229
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Winlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98596 | $464 | $1,385 | $2,365 | $3,134 | $4,101 |
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 |