Tokeland, Washington Property Taxes
The median property tax rate in Tokeland, WA is 0.95%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $196,700 in Tokeland, the typical annual property tax bill amounts to $1,799, which is lower than the national median of $2,690. Property taxes in Tokeland are based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Tokeland'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 Tokeland or another part of Pacific County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tokeland, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,869
$1,826
Ownwell’s Tokeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tokeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tokeland 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 Tokeland, Washington
Property taxes in Tokeland, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tokeland is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Tokeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tokeland 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 Tokeland's effective property tax rate to other counties in Washington and the national median. For comparison, the 98590 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Tokeland provides valuable insights into the varying tax landscape across Pacific County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tokeland Tax Rate
0.95%
Average Pacific County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tokeland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98590 | 0.95% | 0.95% | 0.95% | 0.96% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Tokeland, Washington
In Tokeland, 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 Pacific 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 Tokeland, 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 median home price in Tokeland is $196,700, with tax bills ranging from $1,097 at the 25th percentile to $4,551 at the 90th percentile. The highest and lowest median tax bills are both $1,799 in the 98590 zip code. 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 Tokeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tokeland Assessed Value
$196,700
Average Pacific County Assessed Value
$192,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tokeland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98590 | $77,160 | $126,400 | $196,700 | $306,800 | $498,040 |
Source: Ownwell
Property Tax Bills Across Tokeland, Washington
In Tokeland, located in Pacific County, WA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $196,700, the tax bills can range significantly. The 25th percentile tax bill is approximately $1,097, while the 75th percentile tax bill reaches around $2,818, and the 90th percentile tax bill can be as high as $4,551. These property taxes contribute to essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors is crucial as it affects their annual financial planning and overall homeownership costs. Compared to the national median property tax rate of 0.99%, Tokeland's tax rates reflect the localized needs and budgetary requirements of Pacific County.
Average Tokeland Tax Bill
$1,799
Average Pacific County Tax Bill
$1,389
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Tokeland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98590 | $625 | $1,097 | $1,799 | $2,818 | $4,551 |
Source: Ownwell