Mountain Village, Washington Property Taxes
The median property tax rate in Mountain Village, WA is 0.44%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $162,520 in Mountain Village, the typical annual property tax bill is $715, far below the national median of $2,690. Property taxes in Mountain Village are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mountain Village's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mountain Village or another part of the county, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mountain Village, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$715
$699
Ownwell’s Mountain Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain Village 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 Mountain Village, Washington
Property taxes in Mountain Village, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain Village is 0.44%, significantly lower than the U.S. national median of 0.99%. Local government entities within Mountain Village set these rates annually, and they can vary across different neighborhoods. Each year, Mountain Village 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 Mountain Village's effective property tax rate to other counties in Washington and the national median. For comparison, the highest and lowest median property tax rates in Mountain Village are both 0.44%. Understanding how these figures compare with Mountain Village 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 Mountain Village Tax Rate
0.44%
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 Mountain Village, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99632 | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Mountain Village, Washington
In Mountain Village, 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 Mountain Village, 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 Mountain Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $715, found in the 99632 zip code.
Property Tax Assessment Values Across Mountain Village, Washington
Source: Ownwell
$112,220
$451,263
$790,305
Average Mountain Village Assessed Value
$162,520
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 Mountain Village, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99632 | $162,520 | $162,520 | $162,520 | $162,520 | $162,520 |
Source: Ownwell
Property Tax Bills Across Mountain Village, Washington
In Mountain Village, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors in Walla Walla County. The assessed value is a percentage of the market value of the property. Homeowners in Mountain Village can expect their tax bills to be influenced by factors such as property size, location, and any improvements made to the property. The median home price in Mountain Village is $162,520, and the property tax rate in this area is relatively straightforward. Homeowners typically see a consistent tax bill of $715, which falls within the 25th to 90th percentile range. This means that the majority of homeowners in Mountain Village experience a similar tax burden. Compared to the national median property tax rate of 0.99%, Mountain Village offers a predictable and stable property tax environment. This consistency can be beneficial for budgeting and financial planning, providing homeowners with a clear understanding of their annual property tax obligations.
Average Mountain Village Tax Bill
$715
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 Mountain Village, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99632 | $715 | $715 | $715 | $715 | $715 |
Source: Ownwell