Kapowsin, Washington Property Taxes
The median property tax rate in Kapowsin, WA is 0.99%, aligning with the national median of 0.99% and slightly higher than the Washington state median of 0.88%. With the median home value in Kapowsin at $568,400, the typical annual property tax bill reaches $4,219, significantly exceeding the national median of $2,690. Property taxes in Kapowsin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Kapowsin'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 Kapowsin 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
Kapowsin, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$5,627
$5,222
$1,148
Average Tax Savings
Ownwell's Kapowsin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kapowsin with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kapowsin to provide an estimate of your property tax bill. This invaluable tool not only helps you grasp potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in Kapowsin. For those interested in trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the figure assigned by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Kapowsin, Washington
Property taxes in Kapowsin, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kapowsin is 0.99%, aligning with both the Washington state median and the U.S. national median of 0.99%. Local government entities within Kapowsin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kapowsin 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 Kapowsin's effective property tax rate to other areas in Pierce County and the national median. For comparison, the 98344 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Kapowsin 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 Kapowsin Tax Rate
0.99%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kapowsin, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98344 | 0.45% | 0.75% | 0.99% | 1.20% | 1.45% |
Source: Ownwell
$1,148
Average Kapowsin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Kapowsin, Washington
In Kapowsin, 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 Kapowsin, 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 Kapowsin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Kapowsin, the highest and lowest median tax bills are both $4,219 in the 98344 zip code.
Property Tax Assessment Values Across Kapowsin, Washington
Source: Ownwell
$21,400
$1,254,100
$2,486,800
Average Kapowsin Assessed Value
$568,400
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 Kapowsin, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98344 | $145,810 | $336,475 | $568,400 | $769,600 | $904,960 |
Source: Ownwell
$1,148
Average Kapowsin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Kapowsin, Washington
In Kapowsin, located in Pierce County, WA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors and is used to calculate the homeowner's tax obligation. Factors such as the market value of the property, local tax rates, and any applicable exemptions or deductions are considered in the final tax bill. For example, with a median home price of $568,400, homeowners can expect their tax bills to vary significantly, ranging from the 25th percentile at $909 to the 90th percentile at $8,578. These taxes can place a substantial burden on homeowners, but that's where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed fairly, potentially leading to significant savings. Our experienced consultants work diligently to identify discrepancies and apply for exemptions, ultimately reducing the financial strain of property taxes.
Average Kapowsin Tax Bill
$4,219
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kapowsin, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98344 | $545 | $909 | $4,219 | $7,774 | $8,578 |
Source: Ownwell
$1,148
Average Kapowsin 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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