Bucoda, Washington Property Taxes
The median property tax rate in Bucoda, WA is 0.71%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Bucoda at $215,450, the typical annual property tax bill reaches $1,513, which is below the national median of $2,690. Property taxes in Bucoda 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 Bucoda'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 Bucoda or another part of Thurston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bucoda, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,530
$1,420
$1,148
Average Tax Savings
Ownwell’s Bucoda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bucoda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bucoda 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 Bucoda. 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 Bucoda, Washington
Property taxes in Bucoda, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bucoda is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Bucoda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bucoda 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 Bucoda's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98530 has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Bucoda provides valuable insights into the varying tax landscape across Thurston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bucoda Tax Rate
0.71%
Average Thurston County Tax Rate
0.94%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bucoda, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98530 | 0.20% | 0.67% | 0.71% | 0.73% | 0.83% |
Source: Ownwell
$1,148
Average Bucoda Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bucoda, Washington
In Bucoda, 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 Thurston 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 Bucoda, 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 Bucoda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98530 has the highest and lowest median tax bill, both at $1,513.
Average Bucoda Assessed Value
$215,450
Average Thurston County Assessed Value
$437,400
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bucoda, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98530 | $82,210 | $159,300 | $215,450 | $285,700 | $405,110 |
Source: Ownwell
$1,148
Average Bucoda Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bucoda, Washington
In Bucoda, located in Thurston 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 tax bill. For example, with the median home price at $215,450, homeowners can expect a range of tax bills. The 25th percentile tax bill is approximately $838, while the 75th percentile reaches up to $2091, and the 90th percentile can go as high as $2922. Several factors influence these amounts, including property size, location, and any applicable exemptions. High property taxes can significantly impact homeowners, often leading to financial strain. Ownwell assists homeowners in Bucoda by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. This service can lead to substantial savings, easing the financial burden of property taxes.
Average Bucoda Tax Bill
$1,513
Average Thurston County Tax Bill
$4,041
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Bucoda, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98530 | $221 | $838 | $1,513 | $2,091 | $2,922 |
Source: Ownwell
$1,148
Average Bucoda 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 | |
|---|---|
| Thurston Tax Assessor | |
| Website | tcproperty.co.thurston.wa.us |
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