Clayton, Washington Property Taxes
The median property tax rate in Clayton, WA is 1.06%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Clayton, the typical annual property tax bill reaches $1,715, exceeding the national median of $2,690. Property taxes in Clayton 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 Clayton'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 Clayton 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
Clayton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,747
$1,621
Ownwell’s Clayton Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clayton with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Clayton to provide an accurate estimate of your property tax bill. This user-friendly tool helps you anticipate potential tax liabilities, ensuring you are well-informed. For those interested in more granular data, scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Clayton, Washington
Property taxes in Clayton, Washington, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clayton is 0.92%, which is lower than both the Washington state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, and they can vary across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in the county is 0.92%, while the lowest median tax rate is also 0.92%. Understanding how these cities compare with Clayton provides valuable insights into the varying tax landscape across Stevens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clayton Tax Rate
1.06%
Average Stevens County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clayton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99110 | 0.80% | 1.03% | 1.06% | 1.12% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, Washington
In Clayton, 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 Stevens County Assessor 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 Clayton, 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 Clayton 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 $1715, found in the 99110 zip code.
Average Clayton Assessed Value
$164,772
Average Stevens County Assessed Value
$158,721
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clayton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99110 | $32,610 | $77,977 | $164,772 | $233,472 | $315,478 |
Source: Ownwell
Property Tax Bills Across Clayton, Washington
In Clayton, located in Stevens County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Clayton, the median home price is $164,772. Property tax bills can vary significantly, with the 25th percentile at $702 and the 75th percentile reaching $2,480. At the higher end, the 90th percentile tax bill climbs to $3,503. Compared to the national median property tax rate of 0.99%, these figures reflect the range of financial responsibilities homeowners might face. Understanding these factors is crucial for homeowners as property taxes represent a significant part of annual housing costs, impacting overall affordability and financial planning. By keeping track of assessed values and local tax rates, homeowners can better anticipate their property tax obligations.
Average Clayton Tax Bill
$1,715
Average Stevens County Tax Bill
$1,378
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Clayton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99110 | $323 | $702 | $1,715 | $2,480 | $3,503 |
Source: Ownwell