Matlock, Washington Property Taxes
The median property tax rate in Matlock, WA is 0.83%, 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 $283,985, the typical annual property tax bill in Matlock reaches $2,111, falling below the national median of $2,690. Property taxes in Matlock are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Matlock'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 Matlock 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
Matlock, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$2,357
$2,187
Ownwell’s Matlock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Matlock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Matlock 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 Matlock, Washington
Property taxes in Matlock, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Matlock is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Matlock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Matlock 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 Matlock's effective property tax rate to other areas in Mason County and the national median. For comparison, the zip code 98560 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Matlock 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 Matlock Tax Rate
0.83%
Average Mason County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Matlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98560 | 0.12% | 0.82% | 0.83% | 0.83% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Matlock, Washington
In Matlock, 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 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 Matlock, 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 Matlock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $283,985, with the median tax bill ranging from $874 at the 25th percentile to $3,784 at the 90th percentile.
Average Matlock Assessed Value
$283,985
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 Matlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98560 | $121,305 | $190,691 | $283,985 | $383,276 | $458,718 |
Source: Ownwell
Property Tax Bills Across Matlock, Washington
In Matlock, property tax bills are determined based on the assessed value of your property, which is calculated by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. The median home price in Matlock is $283,985, and homeowners can expect varying tax bills depending on their property's assessed value. For instance, tax bills in the 25th percentile are around $874, whereas those in the 75th percentile can reach up to $3,141. The highest tax bills, in the 90th percentile, can go as high as $3,784. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Matlock's rates can significantly impact homeowners, particularly those in higher-value homes. Understanding these factors can help homeowners anticipate their annual expenses and budget accordingly, ensuring they are prepared for their property tax obligations.
Average Matlock Tax Bill
$2,111
Average Mason County Tax Bill
$2,654
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Matlock, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98560 | $291 | $874 | $2,111 | $3,141 | $3,784 |
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 |