Wilbur, Washington Property Taxes
The median property tax rate in Wilbur, WA is 1.12%, noticeably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Wilbur at $84,970, the typical annual property tax bill is $911, which is significantly lower than the national median of $2,690. Property taxes in Wilbur 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 Wilbur'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 Wilbur 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
Wilbur, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$952
$883
Ownwell’s Wilbur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilbur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilbur 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 Wilbur, Washington
Property taxes in Wilbur, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilbur is 1.12%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Wilbur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilbur 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 Wilbur's effective property tax rate to other counties in Washington and the national median. For comparison, the 99185 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Wilbur 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 Wilbur Tax Rate
1.12%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilbur, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99185 | 1.10% | 1.11% | 1.12% | 1.12% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Wilbur, Washington
In Wilbur, 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’s Office 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 Wilbur, 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. Wilbur's median home price is $84,970, with tax bills ranging from $406 at the 25th percentile to $2,727 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wilbur Assessed Value
$84,970
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 Wilbur, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99185 | $15,000 | $42,022 | $84,970 | $160,382 | $249,935 |
Source: Ownwell
Property Tax Bills Across Wilbur, Washington
Property tax bills in Wilbur, WA, are calculated based on the assessed value of a property. The local assessor determines this value, which is then multiplied by the local tax rate to establish the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. For homeowners in Wilbur, the median home price is $84,970, leading to varying tax bills across different percentiles. For instance, the 25th percentile tax bill is $406, while the 75th percentile reaches $1,745, and the 90th percentile goes up to $2,727. The median tax bill in Wilbur stands at $911, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable compared to other regions. However, it’s essential for homeowners to stay informed about any changes in assessed values and tax rates, as these can significantly impact their annual property tax obligations.
Average Wilbur Tax Bill
$911
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilbur, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99185 | $183 | $406 | $911 | $1,745 | $2,727 |
Source: Ownwell