Touchet, Washington Property Taxes
The median property tax rate in Touchet, WA is 1.11%, notably higher than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $313,105 in Touchet, the typical annual property tax bill reaches $3,312, surpassing the national median of $2,690. Property taxes in Touchet are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Touchet'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 Touchet or another part of Walla Walla County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Touchet, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$3,475
$3,395
Ownwell’s Touchet Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Touchet with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Touchet 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 Touchet, Washington
Property taxes in Touchet, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Touchet is 0.97%, slightly below both the Washington state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Touchet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Touchet 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 Touchet's effective property tax rate to other counties in Washington and the national median. For comparison, the 99360 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Touchet 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 Touchet Tax Rate
1.11%
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 Touchet, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99360 | 0.83% | 1.00% | 1.11% | 1.15% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Touchet, Washington
In Touchet, 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 Touchet, 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 Touchet helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 99360 zip code, the median tax bill is $3,312, reflecting the area's property values and tax rates.
Average Touchet Assessed Value
$313,105
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 Touchet, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99360 | $123,578 | $196,048 | $313,105 | $466,722 | $640,815 |
Source: Ownwell
Property Tax Bills Across Touchet, Washington
In Touchet, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is influenced by factors such as location, size, and condition of the home. The local tax rate in Touchet is used to calculate the final tax bill, which helps fund essential public services like schools, infrastructure, and emergency services. For homeowners in Touchet, the median home price is $313,105, and tax bills can vary significantly. The 25th percentile tax bill is $2,117, while the 75th percentile reaches $4,824. At the 90th percentile, homeowners may see tax bills as high as $6,399. Comparatively, the highest and lowest median tax bills both stand at $3,312 in the 99360 zip code. These figures highlight the variability in property tax bills, which can impact homeowners' budgets and financial planning. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Touchet Tax Bill
$3,312
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 Touchet, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99360 | $868 | $2,117 | $3,312 | $4,824 | $6,399 |
Source: Ownwell