Skamokawa, Washington Property Taxes
The median property tax rate in Skamokawa, WA is 0.71%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $206,850 in Skamokawa, the typical annual property tax bill amounts to $1,248, falling below the national median of $2,690. Property taxes in Skamokawa are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Skamokawa'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 Skamokawa 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
Skamokawa, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,469
$1,435
Ownwell’s Skamokawa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skamokawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skamokawa to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Skamokawa, Washington
Property taxes in Skamokawa, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Skamokawa is 0.71%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Skamokawa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Skamokawa 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 Skamokawa's effective property tax rate to other counties in Washington and the national median. For comparison, the 98632 zip code has the highest median property tax rate of 0.94%, while the 98647 zip code has the lowest median tax rate of 0.71%. Understanding how these cities compare with Skamokawa provides valuable insights into the varying tax landscape across Wahkiakum County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Skamokawa Tax Rate
0.71%
Average Wahkiakum County Tax Rate
0.74%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Skamokawa, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98632 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
| 98647 | 0.21% | 0.57% | 0.71% | 0.76% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Skamokawa, Washington
In Skamokawa, 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 Wahkiakum 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 Skamokawa, 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. The zip code with the highest median tax bill is 98647 at $1251, while the lowest is 98632 at $1010. Being aware of these valuation processes in Skamokawa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Skamokawa Assessed Value
$206,850
Average Wahkiakum County Assessed Value
$266,600
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Skamokawa, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98632 | $107,300 | $107,300 | $107,300 | $107,300 | $107,300 |
| 98647 | $63,600 | $114,600 | $207,400 | $317,900 | $402,000 |
Source: Ownwell
Property Tax Bills Across Skamokawa, Washington
Property tax bills in Skamokawa, located in Wahkiakum County, WA, are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Skamokawa is $206,850, and the local property tax rate is applied to this amount to calculate the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value, which in turn affects the tax bill. Homeowners in Skamokawa experience a range of property tax bills. The 25th percentile tax bill is $682, while the 75th percentile tax bill is $1,859. At the 90th percentile, homeowners might see tax bills as high as $2,559. The highest median tax bill recorded in the area is $1,251 in the 98647 zip code, whereas the lowest median tax bill is $1,010 in the 98632 zip code. Compared to the national median property tax rate of 0.99%, Skamokawa's property taxes can significantly impact homeowners, depending on their property's assessed value.
Average Skamokawa Tax Bill
$1,248
Average Wahkiakum County Tax Bill
$1,926
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Skamokawa, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98632 | $1,010 | $1,010 | $1,010 | $1,010 | $1,010 |
| 98647 | $310 | $680 | $1,251 | $1,861 | $2,563 |
Source: Ownwell