Rochester, Washington Property Taxes
The median property tax rate in Rochester, WA is 0.78%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Rochester at $371,400, the typical annual property tax bill amounts to $2,779, slightly below the national median of $2,690. Property taxes in Rochester are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rochester'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 Rochester 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
Rochester, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Rochester, Washington Tax Savings
Ownwell’s Rochester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rochester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rochester 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 Rochester. 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 Rochester, Washington
Property taxes in Rochester, Washington, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Rochester is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochester 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. Understanding how these cities compare with Rochester 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 Rochester Tax Rate
0.78%
Average Thurston County Tax Rate
0.94%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rochester, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98579 | 0.61% | 0.74% | 0.78% | 0.81% | 0.88% |
Source: Ownwell
$1,148
Average Rochester Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Rochester, Washington
In Rochester, 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 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 Rochester, 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. For example, the median home price in Rochester is $371,400, with tax bills ranging from $1,408 at the 25th percentile to $4,925 at the 90th percentile. The zip code 98579 has both the highest and lowest median tax bill at $2,779. 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 Rochester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rochester Assessed Value
$371,400
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 Rochester, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98579 | $76,200 | $244,300 | $371,400 | $481,200 | $604,800 |
Source: Ownwell
$1,148
Average Rochester Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Rochester, Washington
In Rochester, located in Thurston County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. The tax rate is then applied to this assessed value to determine your annual tax bill. Factors such as recent sales data, property improvements, and market conditions influence the assessed value. For instance, with a median home price of $371,400, homeowners in Rochester can expect varying tax bills, from the 25th percentile at $1,408 to the 90th percentile at $4,925. High property taxes can significantly impact homeowners, making it essential to ensure your property is not over-assessed. This is where Ownwell steps in, providing expert property tax appeal services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and file an appeal on your behalf. This service can help homeowners in Rochester potentially save thousands on their property tax bills, ensuring they only pay their fair share.
Average Rochester Tax Bill
$2,779
Average Thurston County Tax Bill
$4,041
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochester, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98579 | $375 | $1,408 | $2,779 | $3,740 | $4,925 |
Source: Ownwell
$1,148
Average Rochester 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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