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Yelm, Thurston County, Washington Property Taxes

  • Median Yelm, WA effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the Washington state median of 0.88%.

  • Median Yelm, WA home value: $382,200

  • Median annual Yelm, WA tax bill: $3,403, $1,003 higher than the national median property tax bill of $2,400.

How are property taxes in Thurston County calculated?

Property taxes in Yelm, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Yelm’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Yelm, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Yelm, Thurston County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$3,478

$3,228

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Yelm Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Yelm with just two data points. By entering your property's estimated assessed value, our calculator applies Yelm’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Thurston County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Yelm, Thurston County, Washington

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Yelm’s effective property tax rate to other cities in Washington and the median property tax rates in Washington and the U.S. Yelm, located in Thurston County, has a property tax rate of 0.91%, which is below the national median property tax rate of 1.02%. This means that homeowners in Yelm may benefit from lower property taxes compared to the national average. In comparison to other cities in Washington, Yelm's rate is on par with the state's median rate, offering a balanced tax environment for its residents. This can be an attractive factor for potential homeowners considering a move to Yelm, as it provides a relatively affordable property tax landscape.

Property Tax Rates Across Yelm, Thurston County, Washington

Source: Ownwell

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0.71%

0.85%

0.98%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Yelm Tax Rate

0.91%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Thurston County Tax Rate

0.94%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Yelm, Thurston County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
985970.67%0.87%0.91%0.95%1.00%

Source: Ownwell

Property Tax Assessment Values Across Yelm, Thurston County, Washington

When examining property taxes in Yelm, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Thurston County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Thurston County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Yelm. For example, the median home price in Yelm is $382,200, with tax bills ranging significantly across the county. Zip code 98597 has the highest median home price at $382,200.

Property Tax Assessment Values Across Yelm, Thurston County, Washington

Source: Ownwell

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$215,450

$363,925

$512,400

Median Yelm Market Value

$382,200

Median Thurston County Market Value

$437,400

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Yelm, Thurston County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98597$147,300$281,000$382,200$474,400$619,000

Source: Ownwell

Property Tax Bills Across Yelm, Thurston County, Washington

In Yelm, Thurston County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the amount owed. With a median home price of $382,200, the tax bill in Yelm can vary significantly. The 25th percentile tax bill is $2,136, while the 75th percentile reaches $4,365, and the 90th percentile climbs to $5,697. These figures highlight the potential impact on homeowners, especially when compared to the national median property tax bill of $2,400. Homeowners in Yelm may find themselves paying more than the national average, depending on their property's assessed value and the applicable tax rate. Ownwell can assist homeowners in Yelm by reviewing their property assessments and identifying potential errors or opportunities for exemptions. By appealing incorrect assessments, Ownwell helps reduce property tax bills, ensuring homeowners only pay their fair share. This service can provide significant savings and financial relief.

Property Tax Bills Across Yelm, Thurston County, Washington

Source: Ownwell

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$1,513

$3,174

$4,835

Median Yelm Tax Bill

$3,403

Median Thurston County Tax Bill

$4,041

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Yelm, Thurston County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98597$611$2,136$3,403$4,365$5,697

Source: Ownwell

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