Home, Washington Property Taxes
The median property tax rate in HOME, WA is 1.29%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in HOME, the typical annual property tax bill reaches $276, exceeding the national median of $2,690. Property taxes in HOME are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding HOME'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 HOME 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
Home, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$276
$256
$1,148
Average Tax Savings
Ownwell’s HOME Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOME with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOME 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 HOME. 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 Home, Washington
Property taxes in HOME, Washington, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in HOME is 1.29%, notably higher than the U.S. national median of 0.99%. Local government entities within HOME set these rates annually, and they can vary significantly across different neighborhoods. Each year, HOME 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 HOME's effective property tax rate to other counties in Washington and the national median. For comparison, the 98349 zip code has the highest median property tax rate of 1.29%, while the 98349 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with HOME 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 Home Tax Rate
1.29%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Home, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98349 | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
$1,148
Average Home Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Home, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in HOME, Washington. 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 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 HOME, 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 HOME helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98349 has the highest and lowest median tax bills at $276.00, which is significantly lower than the national median property tax rate of 0.99%.
Average Home Assessed Value
$21,400
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 Home, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98349 | $21,400 | $21,400 | $21,400 | $21,400 | $21,400 |
Source: Ownwell
$1,148
Average Home Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Home, Washington
In HOME, located in Pierce County, WA, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, market conditions, and any applicable exemptions influence the assessed value. For instance, the median home price in this area is $21,400, with tax bills consistently around $276 for the 25th, 75th, and 90th percentiles. This uniformity suggests a stable taxation policy within the region. Homeowners in HOME may find their tax bills significant compared to the national median property tax rate of 0.99%. However, Ownwell can assist by offering expert property tax appeal services, ensuring that homeowners are not overpaying. By analyzing property assessments and identifying potential discrepancies, Ownwell helps clients secure fair tax bills. This not only reduces financial strain but also ensures compliance with local tax regulations.
Average Home Tax Bill
$276
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Home, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98349 | $276 | $276 | $276 | $276 | $276 |
Source: Ownwell
$1,148
Average Home 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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