Belfair, Washington Property Taxes
The median property tax rate in Belfair, WA is 0.84%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Belfair at $325,505, the typical annual property tax bill amounts to $2,708, slightly below the national median of $2,690. Property taxes in Belfair are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Belfair'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 Belfair or another part of Mason County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belfair, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$2,734
$2,537
Ownwell’s Belfair Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belfair with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belfair 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 Belfair, Washington
Property taxes in Belfair, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belfair is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Belfair set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belfair 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 Belfair's effective property tax rate to other areas in Mason County and the national median. For comparison, the 98528 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Belfair provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belfair Tax Rate
0.84%
Average Mason County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belfair, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98528 | 0.82% | 0.84% | 0.84% | 0.85% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Belfair, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belfair, Washington. 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 Mason 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 Belfair, 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. Belfair’s median home price is $325,505, with tax bills ranging from $1,723 at the 25th percentile to $5,506 at the 90th percentile. The highest and lowest median tax bills are both $2,708 in the 98528 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 Belfair Assessed Value
$325,505
Average Mason County Assessed Value
$304,420
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belfair, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98528 | $114,755 | $215,429 | $325,505 | $477,251 | $658,192 |
Source: Ownwell
Property Tax Bills Across Belfair, Washington
In Belfair, within Mason County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For instance, the median home price in Belfair is $325,505, which serves as a baseline for these calculations. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Belfair experience a range of tax bills, with the 25th percentile paying around $1,723 annually, while those in the 75th percentile see bills closer to $3,996. The top 10% of taxpayers can expect to pay as much as $5,506. These property taxes significantly impact homeowners by contributing to the funding of local services like schools, infrastructure, and emergency services.
Average Belfair Tax Bill
$2,708
Average Mason County Tax Bill
$2,654
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Belfair, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98528 | $837 | $1,723 | $2,708 | $3,996 | $5,506 |
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 | |
|---|---|
| Mason Tax Assessor | |
| Website | property.masoncountywa.gov |