Centralia, Washington Property Taxes
The median property tax rate in Centralia, WA is 0.79%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $317,000 in Centralia, the typical annual property tax bill comes to $2,374, falling short of the national median of $2,690. Property taxes in Centralia are calculated based on the tax assessed value, which usually is less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Centralia'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 Centralia 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
Centralia, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$2,504
$2,446
$1,148
Average Centralia, Washington Tax Savings
Ownwell’s Centralia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centralia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centralia 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 Centralia. 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 Centralia, Washington
Property taxes in Centralia, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centralia is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Centralia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centralia 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 Centralia's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98531 has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Centralia 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 Centralia Tax Rate
0.79%
Average Thurston County Tax Rate
0.94%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centralia, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98531 | 0.66% | 0.75% | 0.79% | 0.85% | 0.96% |
Source: Ownwell
$1,148
Average Centralia Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Centralia, Washington
In Centralia, 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 Assessor's Office 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 Centralia, 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. The median home price in Centralia is $317,000, with tax bills ranging from $537 at the 25th percentile to $4,644 at the 90th percentile. The highest and lowest median tax bills are both $2,374, found in zip code 98531. 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 Centralia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Centralia Assessed Value
$317,000
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 Centralia, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98531 | $3,000 | $117,600 | $317,000 | $439,600 | $589,700 |
Source: Ownwell
$1,148
Average Centralia Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Centralia, Washington
In Centralia, located in Thurston County, WA, property tax bills are calculated based on the assessed value of the home. The county assessor determines this value, which is then multiplied by the local tax rate. With a median home price of $317,000, homeowners in Centralia can expect varying tax bills. For instance, the 25th percentile tax bill is $537, while those in the 75th percentile pay around $3,337, and the 90th percentile reaches up to $4,644. These figures can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value, thus affecting the tax bill. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By leveraging their knowledge and experience, Ownwell can identify discrepancies in assessed values and ensure homeowners are not overpaying, potentially saving them hundreds or even thousands of dollars annually.
Average Centralia Tax Bill
$2,374
Average Thurston County Tax Bill
$4,041
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Centralia, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98531 | $39 | $537 | $2,374 | $3,337 | $4,644 |
Source: Ownwell
$1,148
Average Centralia Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | October 28 |
| 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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