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Joint Base Lewis Mcchord, Washington Property Taxes

The median property tax rate in Joint Base Lewis-McChord, WA is 1.13%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Joint Base Lewis-McChord at $537,300, the typical annual property tax bill reaches $6,076, exceeding the national median of $2,690. Property taxes in Joint Base Lewis-McChord 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 Joint Base Lewis-McChord'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 Joint Base Lewis-McChord 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

Joint Base Lewis Mcchord, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.13%

Estimate Property Tax Bill

$6,071

$5,634

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s JOINT BASE LEWIS MCCHORD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JOINT BASE LEWIS MCCHORD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JOINT BASE LEWIS MCCHORD 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 JOINT BASE LEWIS MCCHORD. 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 Joint Base Lewis Mcchord, Washington

Property taxes in Joint Base Lewis McChord, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Joint Base Lewis McChord is 1.13%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Joint Base Lewis McChord set these rates annually, and they can vary significantly across different neighborhoods. Each year, Joint Base Lewis McChord 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 Joint Base Lewis McChord's effective property tax rate to other areas in Washington and the national median. For comparison, the 98438 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Joint Base Lewis McChord 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.

Property Tax Rates Across Joint Base Lewis Mcchord, Washington

Source: Ownwell

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0.67%

1.05%

1.43%

Average Joint Base Lewis Mcchord Tax Rate

1.13%

Average Pierce County Tax Rate

1.02%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Joint Base Lewis Mcchord, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
984381.13%1.13%1.13%1.13%1.13%

Source: Ownwell

Property Tax Assessment Values Across Joint Base Lewis Mcchord, Washington

In Joint Base Lewis McChord, 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Joint Base Lewis McChord, the zip code with the highest median tax bill is 98438, with a tax bill of $6,076, which also represents the lowest median tax bill in the area.

Property Tax Assessment Values Across Joint Base Lewis Mcchord, Washington

Source: Ownwell

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$21,400

$1,254,100

$2,486,800

Average Joint Base Lewis Mcchord Assessed Value

$537,300

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 Joint Base Lewis Mcchord, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98438$537,300$537,300$537,300$537,300$537,300

Source: Ownwell

Property Tax Bills Across Joint Base Lewis Mcchord, Washington

In Joint Base Lewis McChord, located in Pierce County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate. With a median home price of $537,300, homeowners in this area face a substantial tax burden. The median tax bill in this region stands at $6,076, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any improvements made to the home. This high tax burden can be a financial strain on homeowners, making it crucial to ensure that their property is accurately assessed. Ownwell can help homeowners in Joint Base Lewis McChord save on their property tax bills by offering professional property tax appeal and exemption services. Our experts analyze your property’s assessed value and identify opportunities for reductions, potentially saving you thousands of dollars annually.

Property Tax Bills Across Joint Base Lewis Mcchord, Washington

Source: Ownwell

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$144

$16,665

$33,185

Average Joint Base Lewis Mcchord Tax Bill

$6,076

Average Pierce County Tax Bill

$4,693

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Joint Base Lewis Mcchord, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98438$6,076$6,076$6,076$6,076$6,076

Source: Ownwell

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