Chelan, Washington Property Taxes
The median property tax rate in Chelan, WA is 0.90%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $171,100 in Chelan, the typical annual property tax bill is $1,448, significantly lower than the national median of $2,690. Property taxes in Chelan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Chelan'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 Chelan 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
Chelan, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,540
$1,429
Ownwell’s Chelan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chelan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chelan 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 Chelan, Washington
Property taxes in Chelan, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chelan is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Chelan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chelan 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 Chelan's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98816 has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Chelan 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 Chelan Tax Rate
0.90%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chelan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98816 | 0.73% | 0.83% | 0.90% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Chelan, Washington
In Chelan, 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 Appraisal District 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 Chelan, 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. For example, the zip code 98816 has the highest median tax bill at $1,448. 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 Chelan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chelan Assessed Value
$171,100
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 Chelan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98816 | $65,200 | $78,800 | $171,100 | $212,400 | $257,500 |
Source: Ownwell
Property Tax Bills Across Chelan, Washington
In Chelan, property tax bills are determined by a combination of the assessed value of the property and the applicable tax rate set by local authorities. The assessed value is a percentage of the property's market value, which is periodically evaluated by the county assessor. For instance, with a median home price of $171,100, homeowners can expect their tax bills to vary significantly. The tax bill for the 25th percentile is around $618, while those in the 75th percentile might pay approximately $2,035. At the 90th percentile, the tax bill can reach up to $2,364. The property tax rate in Chelan is influenced by local budgetary needs for services like schools, infrastructure, and emergency services. This rate is then applied to the assessed value to calculate the final tax bill. Homeowners in Chelan should be aware that their property tax obligations can significantly impact their annual expenses, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better plan for their financial responsibilities.
Average Chelan Tax Bill
$1,448
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Chelan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98816 | $588 | $618 | $1,448 | $2,035 | $2,364 |
Source: Ownwell