Garfield, Washington Property Taxes
The median property tax rate in Garfield, WA is 1.60%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Garfield at $92,590, the typical annual property tax bill reaches $1,320, exceeding the national median of $2,690. Property taxes in Garfield 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 Garfield'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 Garfield 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
Garfield, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Garfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garfield 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 Garfield, Washington
Property taxes in Garfield, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garfield is 1.60%, notably higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Garfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garfield 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 Garfield's effective property tax rate to other counties in Washington and the national median. For comparison, the 99130 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Garfield 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 Garfield Tax Rate
1.60%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garfield, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99130 | 0.86% | 1.31% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Garfield, Washington
In Garfield, 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 county's 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 Garfield, 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 Garfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 99130 has both the highest and lowest median tax bill, standing at $1,320.
Average Garfield Assessed Value
$92,590
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 Garfield, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99130 | $15,027 | $51,423 | $92,590 | $134,950 | $224,449 |
Source: Ownwell
Property Tax Bills Across Garfield, Washington
In Garfield, WA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate in Garfield is applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property improvements, market trends, and neighborhood changes. For homeowners in Garfield, this can mean a wide range in tax bills. For instance, the 25th percentile tax bill is around $577, while the 75th percentile reaches up to $2007, and the 90th percentile can be as high as $3047. These figures show that property taxes can vary significantly based on the value and condition of the property. Compared to the national median property tax rate of 0.99%, Garfield's rates can lead to diverse financial impacts for homeowners, depending on their specific circumstances and property values.
Average Garfield Tax Bill
$1,320
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Garfield, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99130 | $64 | $577 | $1,320 | $2,007 | $3,047 |
Source: Ownwell