Carlton, Washington Property Taxes
The median property tax rate in Carlton, WA is 1.06%, noticeably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Carlton, the typical annual property tax bill reaches $2,393, which is still below the national median of $2,690. Property taxes in Carlton are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carlton'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 Carlton or another part of Okanogan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carlton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,587
$2,401
Ownwell's Carlton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carlton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Carlton to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property's assessed value is the figure assigned by the county for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Carlton, Washington
Property taxes in Carlton, WA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlton is 1.06%, higher than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Carlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlton 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 Carlton's effective property tax rate to other counties in Washington and the national median. For comparison, the 98814 zip code has the highest median property tax rate of 1.06%, while the same 98814 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Carlton provides valuable insights into the varying tax landscape across Okanogan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Tax Rate
1.06%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98814 | 0.55% | 0.90% | 1.06% | 1.10% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Carlton, Washington
In Carlton, 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 Okanogan 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 Carlton, 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 Carlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Carlton is $244,100, with property tax bills ranging from $1,433 at the 25th percentile to $4,957 at the 90th percentile. The highest and lowest median tax bill in the area is $2,393, found in the 98814 zip code.
Average Carlton Assessed Value
$244,100
Average Okanogan County Assessed Value
$128,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98814 | $97,640 | $161,550 | $244,100 | $346,450 | $501,050 |
Source: Ownwell
Property Tax Bills Across Carlton, Washington
In Carlton, located in Okanogan County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Carlton stands at $244,100, which serves as a baseline for determining individual tax bills. The tax rate is applied to this assessed value to calculate the annual property tax obligation. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For instance, the tax bill for homes in the 25th percentile is around $1,433, while those in the 75th percentile pay approximately $3,530 annually. Homeowners in the 90th percentile face tax bills as high as $4,957. These property taxes fund essential community services such as public schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Carlton's rates reflect the local economic conditions and funding needs, directly impacting homeowners' annual expenses and overall cost of living.
Average Carlton Tax Bill
$2,393
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98814 | $758 | $1,433 | $2,393 | $3,530 | $4,957 |
Source: Ownwell