Belfair, Washington Property Taxes
The median property tax rate in Belfair, WA is 0.82%, slightly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Belfair at $675,050, the typical annual property tax bill reaches $5,926, far exceeding the national median of $2,690. Property taxes in Belfair are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belfair'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 Belfair 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
Belfair, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$5,535
$5,137
$1,148
Average Tax Savings
Ownwell’s Belfair Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belfair with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belfair 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 Belfair. 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 Belfair, Washington
Property taxes in Belfair, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belfair is 0.82%, which is lower than both the Washington state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Belfair set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belfair 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 Belfair's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98528 has both the highest and lowest median property tax rate of 0.82%. Understanding how these cities compare with Belfair 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 Belfair Tax Rate
0.82%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belfair, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98528 | 0.60% | 0.78% | 0.82% | 0.84% | 0.87% |
Source: Ownwell
$1,148
Average Belfair Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Belfair, Washington
In Belfair, 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 Belfair, 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 instance, the median home price in Belfair is $675,050, with the 25th percentile tax bill at $4,105 and the 75th percentile at $7,829. The highest median tax bill in the area is $5,926 in zip code 98528, which is also the lowest median tax bill recorded. 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 Belfair helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belfair Assessed Value
$675,050
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 Belfair, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98528 | $458,750 | $493,775 | $675,050 | $979,250 | $1,181,650 |
Source: Ownwell
$1,148
Average Belfair Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Belfair, Washington
In Belfair, located in Pierce County, WA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is periodically evaluated by county assessors. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Belfair face varying tax bills, with the 25th percentile at $4,105 and the 75th percentile at $7,829, while the 90th percentile reaches $9,438. These figures highlight significant variations in tax burdens among residents. Ownwell assists homeowners by providing expert property tax appeal services. By analyzing property data and market conditions, Ownwell identifies opportunities for reducing assessed values, potentially lowering tax bills. Our team navigates the complex appeal process, ensuring homeowners receive fair assessments and avoid overpaying. With Ownwell’s support, Belfair residents can achieve substantial savings on their property taxes, easing the financial burden and enhancing property investment value.
Average Belfair Tax Bill
$5,926
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Belfair, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98528 | $2,923 | $4,105 | $5,926 | $7,829 | $9,438 |
Source: Ownwell
$1,148
Average Belfair 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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