Ford, Washington Property Taxes
The median property tax rate in Ford, WA is 0.97%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Ford, the typical annual property tax bill reaches $1,849, which is lower than the national median of $2,690. Property taxes in Ford are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Ford'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 Ford 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
Ford, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,960
$1,819
Ownwell's Ford Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick and easy way to estimate their annual property taxes in Ford. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Ford to provide an accurate estimate of your property tax bill. This valuable tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Ford, Washington
Property taxes in Ford, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ford is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Ford set these rates annually, and they can vary across different neighborhoods. Each year, Ford 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 Ford's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 99013 has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Ford 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 Ford Tax Rate
0.97%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99013 | 0.96% | 0.97% | 0.97% | 1.01% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Ford, Washington
In Ford, 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 Lincoln 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 Ford, 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 Ford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 99013, with a tax bill of $1,849.
Average Ford Assessed Value
$202,050
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 Ford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99013 | $30,100 | $75,052 | $202,050 | $304,470 | $397,919 |
Source: Ownwell
Property Tax Bills Across Ford, Washington
In Ford, located in Lincoln County, WA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Ford face a variety of tax bills, with the 25th percentile paying around $706, while those in the 75th percentile see bills closer to $2,875. For the top 10% of property values, tax bills can soar up to $3,828. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Ford is $202,050, and the property tax rate in Lincoln County aligns closely with the national median rate of 0.99%. This means that homeowners in Ford generally experience property tax bills that are comparable to the national average, impacting their overall housing costs and financial planning.
Average Ford Tax Bill
$1,849
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99013 | $325 | $706 | $1,849 | $2,875 | $3,828 |
Source: Ownwell