Creston, Washington Property Taxes
The median property tax rate in Creston, WA is 0.86%, 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 $83,570 in Creston, the typical annual property tax bill is $667, significantly below the national median of $2,690. Property taxes in Creston are calculated based on the tax assessed value, which is often less than the market value because of various exemptions, such as those for primary residences and agricultural properties. Understanding Creston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Creston or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Creston, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$719
$667
Ownwell’s Creston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creston 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 Creston, Washington
Property taxes in Creston, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Creston is 0.86%, lower than the U.S. national median of 0.99%. Local government entities within Creston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creston 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 Creston's effective property tax rate to other areas in Lincoln County and the national median. For comparison, the 99117 zip code has the highest median property tax rate of 0.86%, while the 99147 zip code has the lowest median tax rate of 0.84%. Understanding how these areas compare with Creston provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Creston Tax Rate
0.86%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creston, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99117 | 0.84% | 0.85% | 0.86% | 0.91% | 1.00% |
| 99147 | 0.56% | 0.84% | 0.84% | 0.87% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Creston, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Creston, Washington. The market value represents 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 Lincoln County 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 Creston, 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 instance, the highest median tax bill in Creston is $1,327 in the 99147 zip code, while the lowest is $495 in the 99117 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 Creston Assessed Value
$83,570
Average Lincoln County Assessed Value
$68,575
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Creston, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99117 | $15,528 | $27,175 | $65,000 | $124,515 | $200,022 |
| 99147 | $35,000 | $90,000 | $182,340 | $297,825 | $370,080 |
Source: Ownwell
Property Tax Bills Across Creston, Washington
In Creston, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate set by Lincoln County. Various factors influence the assessed value, including the property's market value, location, and any improvements made to the property. Homeowners in Creston can expect a wide range of property tax bills. For instance, the 25th percentile tax bill is approximately $269, while the 75th percentile tax bill reaches about $1,290. At the higher end, the 90th percentile tax bill can be as much as $2,283. Comparatively, the highest median tax bill in Lincoln County is found in the 99147 zip code at $1,327, whereas the lowest is in the 99117 zip code at $495. These property tax bills significantly impact homeowners, influencing both monthly budgets and long-term financial planning. With a national median property tax rate of 0.99%, understanding how local rates and assessed values compare is crucial for homeowners in Creston.
Average Creston Tax Bill
$667
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Creston, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99117 | $124 | $242 | $495 | $1,053 | $1,643 |
| 99147 | $331 | $640 | $1,327 | $2,409 | $3,080 |
Source: Ownwell