Elbe, Washington Property Taxes
The median property tax rate in Elbe, WA is 0.90%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Elbe at $261,100, the typical annual property tax bill reaches $2,148, which is below the national median of $2,690. Property taxes in Elbe 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 Elbe'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 Elbe 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
Elbe, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$2,350
$2,181
$1,148
Average Tax Savings
Ownwell’s ELBE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ELBE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ELBE 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 ELBE. 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 Elbe, Washington
Property taxes in Elbe, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elbe is 0.90%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Elbe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elbe 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 Elbe's effective property tax rate to other areas in Washington and the national median. For comparison, the highest median property tax rate in Pierce County is 0.90% in the 98330 zip code, while the lowest median tax rate is also 0.90% in the same zip code. Understanding how these areas compare with Elbe provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elbe Tax Rate
0.90%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elbe, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98330 | 0.77% | 0.84% | 0.90% | 0.94% | 1.00% |
Source: Ownwell
$1,148
Average Elbe Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Elbe, Washington
In Elbe, 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 Elbe, 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 Elbe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,148, found in the 98330 zip code.
Average Elbe Assessed Value
$261,100
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 Elbe, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98330 | $50,940 | $166,775 | $261,100 | $404,400 | $520,510 |
Source: Ownwell
$1,148
Average Elbe Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Elbe, Washington
In Elbe, Pierce County, WA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Elbe is $261,100, and the property tax rate is determined by various local levies and state requirements. Homeowners in Elbe typically see tax bills ranging from $1,202 at the 25th percentile to $4,530 at the 90th percentile, with a median tax bill of $2,148. This rate is higher than the national median property tax rate of 0.99%, reflecting the local government's funding needs for public services. Several factors influence your property tax bill, including changes in property value, local tax rates, and applicable exemptions. Homeowners might feel the pinch of rising property taxes, impacting their annual budget. Ownwell can assist homeowners in Elbe by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it aligns with market conditions, Ownwell can help identify potential savings and reduce your property tax burden, ensuring you're not overpaying on your tax bill.
Average Elbe Tax Bill
$2,148
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Elbe, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98330 | $369 | $1,202 | $2,148 | $3,311 | $4,530 |
Source: Ownwell
$1,148
Average Elbe 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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