Waitsburg, Walla Walla County, Washington Property Taxes
The median property tax rate in Waitsburg, WA is 0.98%, which is just under the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $249,620 in Waitsburg, the typical annual property tax bill amounts to $2,391, slightly below the national median of $2,690. Property taxes in Waitsburg are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Waitsburg'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 Waitsburg 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
Waitsburg, Walla Walla County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$2,446
$2,270
Ownwell’s Waitsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waitsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waitsburg 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 Waitsburg, Walla Walla County, Washington
Property taxes in Waitsburg, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waitsburg is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Waitsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waitsburg 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 Waitsburg's effective property tax rate to other counties in Washington and the national median. For comparison, the 99361 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Waitsburg 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 Waitsburg Tax Rate
0.98%
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 Waitsburg, Walla Walla County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99361 | 0.65% | 0.84% | 0.98% | 1.05% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Waitsburg, Walla Walla County, Washington
In Waitsburg, 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. 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 Waitsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99361 has the highest and lowest median tax bill of $2,391.
Property Tax Assessment Values Across Waitsburg, Walla Walla County, Washington
Source: Ownwell
$112,220
$233,100
$353,980
Average Waitsburg Assessed Value
$249,620
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 Waitsburg, Walla Walla County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99361 | $51,712 | $146,562 | $249,620 | $337,020 | $410,663 |
Source: Ownwell
Property Tax Bills Across Waitsburg, Walla Walla County, Washington
In Waitsburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Waitsburg, the property tax rate is influenced by various factors, including the overall budget needs of local government, schools, and other public services. For example, with a median home price of $249,620 in Waitsburg, homeowners can expect to pay property taxes that vary significantly. The tax bill at the 25th percentile is around $872, while at the 75th percentile, it can go up to $3,250. At the 90th percentile, the tax bill can reach up to $3,801. Comparatively, the national median property tax rate is 0.99%, making Waitsburg's property tax rates relatively moderate. These taxes fund essential services such as education, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Waitsburg Tax Bill
$2,391
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 Waitsburg, Walla Walla County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99361 | $329 | $872 | $2,391 | $3,250 | $3,801 |
Source: Ownwell