Anderson Island, Washington Property Taxes
The median property tax rate in Anderson Island, WA is 0.88%, aligning with the state median but still slightly lower than the national median of 0.99%. With a median home value of $391,450 in Anderson Island, the typical annual property tax bill reaches $3,427, significantly surpassing the national median of $2,690. Property taxes in Anderson Island 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 Anderson Island's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Anderson Island or another part of Pierce County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Anderson Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$3,445
$3,197
$1,148
Average Tax Savings
Ownwell’s Anderson Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anderson Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anderson Island to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Anderson Island. 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 Anderson Island, Washington
Property taxes in Anderson Island, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anderson Island is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Anderson Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anderson Island 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. Understanding how Anderson Island's effective property tax rate compares to other areas within Pierce County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anderson Island Tax Rate
0.88%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anderson Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98303 | 0.71% | 0.83% | 0.88% | 0.90% | 0.95% |
Source: Ownwell
$1,148
Average Anderson Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Anderson Island, Washington
In Anderson Island, 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 Pierce County Assessor-Treasurer 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 Anderson Island, 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 Anderson Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98303 in Anderson Island has both the highest and lowest median tax bill at $3427, offering a benchmark for property owners in the area.
Property Tax Assessment Values Across Anderson Island, Washington
Source: Ownwell
$21,400
$1,254,100
$2,486,800
Average Anderson Island Assessed Value
$391,450
Average Pierce County Assessed Value
$465,900
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anderson Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98303 | $155,500 | $289,875 | $391,450 | $549,225 | $746,930 |
Source: Ownwell
$1,148
Average Anderson Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Anderson Island, Washington
Property tax bills in Anderson Island, located in Pierce County, WA, are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $391,450, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value, making it crucial for homeowners to stay informed. In Anderson Island, property tax bills can vary significantly. For instance, tax bills range from $2,312 at the 25th percentile to $6,610 at the 90th percentile, with the highest median tax bill in the area being $3,427. These variations can affect homeowners' financial planning and overall affordability. Ownwell can assist homeowners in Anderson Island by providing expert property tax appeal and exemption services. By leveraging local market data and in-depth knowledge of the tax system, Ownwell helps homeowners identify potential savings and reduce their property tax bills, ensuring they pay only what is fair.
Average Anderson Island Tax Bill
$3,427
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Anderson Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98303 | $536 | $2,312 | $3,427 | $4,898 | $6,610 |
Source: Ownwell
$1,148
Average Anderson Island Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Pierce Tax Assessor | |
| Phone | (253) 798-6111 |
| Website | atip.piercecountywa.gov |
| pcatr@piercecountywa.gov | |
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