Colton, Washington Property Taxes
The median property tax rate in Colton, WA is 1.21%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Colton, the typical annual property tax bill reaches $2,033, exceeding the national median of $2,690. Property taxes in Colton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Colton'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 Colton 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
Colton, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,034
$1,888
Ownwell’s Colton Property Tax Bill Calculator enables any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Colton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colton 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 Colton, Washington
Property taxes in Colton, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Colton is 1.21%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Colton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colton 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 Colton's effective property tax rate to other areas in Washington and the national median. For comparison, the 99113 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Colton provides valuable insights into the varying tax landscape across Whitman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colton Tax Rate
1.21%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99113 | 1.08% | 1.21% | 1.21% | 1.27% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Colton, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Colton, Washington. The market value represents 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 Whitman County Appraisal District 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 Colton, 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. For instance, the median home price in Colton is $168,136, with a median tax bill of $2,033, regardless of the zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Colton Assessed Value
$168,136
Average Whitman County Assessed Value
$117,153
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99113 | $52,019 | $105,428 | $168,136 | $218,566 | $302,859 |
Source: Ownwell
Property Tax Bills Across Colton, Washington
In Colton, located in Whitman County, WA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Colton is $168,136, and property taxes can vary significantly. For instance, the tax bill for the 25th percentile is $1,265, while for the 75th percentile, it rises to $2,699, and for the 90th percentile, it can go up to $3,700. Several factors influence the tax bill, including property size, improvements, and market trends. Homeowners in Colton benefit from relatively moderate property taxes compared to the national median property tax rate of 0.99%. However, the impact on homeowners can vary; those with higher-valued properties or recent improvements may face higher tax bills. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Colton Tax Bill
$2,033
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Colton, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99113 | $530 | $1,265 | $2,033 | $2,699 | $3,700 |
Source: Ownwell