Burbank, Washington Property Taxes
The median property tax rate in Burbank, WA, is 0.99%, aligning with the national median of 0.99% and surpassing the Washington state median of 0.88%. With the median home value in Burbank at $307,605, the typical annual property tax bill reaches $2,943, slightly above the national median of $2,690. Property taxes in Burbank are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Burbank'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 Burbank 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
Burbank, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$3,045
$2,975
Ownwell’s Burbank Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burbank with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burbank 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 Burbank, Washington
Property taxes in Burbank, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burbank is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Burbank set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burbank 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 Burbank's effective property tax rate to other regions in Washington and the national median. For comparison, the 99323 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Burbank provides valuable insights into the varying tax landscape across Walla Walla County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burbank Tax Rate
0.99%
Average Walla Walla County Tax Rate
0.91%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burbank, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99323 | 0.75% | 0.89% | 0.99% | 1.05% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Burbank, Washington
In Burbank, 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 Walla Walla 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 Burbank, 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 Burbank helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 99323 has both the highest and lowest median tax bill, which is $2,943.
Average Burbank Assessed Value
$307,605
Average Walla Walla County Assessed Value
$340,770
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burbank, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99323 | $94,279 | $191,740 | $307,605 | $419,828 | $538,283 |
Source: Ownwell
Property Tax Bills Across Burbank, Washington
In Burbank, located in Walla Walla County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Burbank is $307,605, and property tax bills can vary significantly depending on the home's assessed value and the specific tax rate applied. The 25th percentile tax bill in Burbank is approximately $1,483, while the 75th percentile tax bill is around $3,915. For those at the 90th percentile, tax bills can reach up to $5,091. These figures illustrate the range of property taxes homeowners might expect to pay, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Burbank's property taxes can be relatively high, impacting homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Burbank Tax Bill
$2,943
Average Walla Walla County Tax Bill
$3,092
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Burbank, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99323 | $779 | $1,483 | $2,943 | $3,915 | $5,091 |
Source: Ownwell