Bingen, Washington Property Taxes
The median property tax rate in Bingen, WA is 0.66%, which is significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Bingen at $277,650, the typical annual property tax bill is $1,781, falling well below the national median of $2,690. Property taxes in Bingen are calculated based on the tax assessed value, often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bingen'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 Bingen 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
Bingen, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,832
$1,701
Ownwell’s Bingen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bingen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bingen to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Bingen, Washington
Property taxes in Bingen, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bingen is 0.66%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Bingen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bingen 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 Bingen's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98605 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Bingen provides valuable insights into the varying tax landscape across Skamania County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bingen Tax Rate
0.66%
Average Skamania County Tax Rate
0.87%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bingen, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | 0.51% | 0.65% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Bingen, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bingen, 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 Skamania 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 Bingen, 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 Bingen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98605 has both the highest and lowest median tax bills, each at $1,781, making it essential for homeowners to stay informed and proactive.
Average Bingen Assessed Value
$277,650
Average Skamania County Assessed Value
$323,050
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bingen, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | $133,900 | $201,225 | $277,650 | $350,775 | $481,800 |
Source: Ownwell
Property Tax Bills Across Bingen, Washington
In Bingen, located in Skamania County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is derived from the market value but is often lower to account for various exemptions and adjustments. The tax rate applied to this assessed value determines the final tax bill. For homeowners in Bingen, the median home price stands at $277,650. The property tax rate in this region is relatively moderate compared to the national median of 0.99%. Homeowners in the 25th percentile typically see tax bills around $1,193, while those in the 75th percentile face bills closer to $2,273. At the 90th percentile, tax bills can reach up to $3,135. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual budgets. Accurate assessments ensure fair taxation, helping homeowners plan and manage their finances effectively.
Average Bingen Tax Bill
$1,781
Average Skamania County Tax Bill
$2,812
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Bingen, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98605 | $624 | $1,193 | $1,781 | $2,273 | $3,135 |
Source: 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 |
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