Moscow, Washington Property Taxes
The median property tax rate in Moscow, WA is 1.39%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Moscow at $188,630, the typical annual property tax bill reaches $2,626, slightly below the national median of $2,690. Property taxes in Moscow 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 Moscow'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 Moscow 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
Moscow, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$2,622
$2,561
Ownwell’s Moscow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moscow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moscow 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 Moscow, Washington
Property taxes in Moscow, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moscow is 1.39%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Moscow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moscow 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 Moscow's effective property tax rate to other counties in Washington and the national median. For comparison, the 83843 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Moscow 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 Moscow Tax Rate
1.39%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moscow, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83843 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Moscow, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moscow, Washington. 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 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 in Moscow 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. Moscow's median home price stands at $188,630, with the highest and lowest median tax bills both being $2,626 in the 83843 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moscow Assessed Value
$188,630
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 Moscow, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83843 | $188,630 | $188,630 | $188,630 | $188,630 | $188,630 |
Source: Ownwell
Property Tax Bills Across Moscow, Washington
In Moscow, Whitman County, WA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor's office. This assessed value reflects the market value of the property, and the local tax rate is then applied to this value to calculate the annual tax bill. For homeowners in Moscow, the median home price is $188,630, and the tax rate results in a median tax bill of $2,626. This figure is consistent across different percentiles, indicating a uniform tax rate application within the city. Several factors influence the final tax bill, including property improvements, neighborhood changes, and local government budget requirements. These factors can lead to variations in assessed values and, consequently, the tax bill. For homeowners, understanding the assessed value and the factors that can influence it is crucial, as it directly impacts their annual financial obligations. Compared to the national median property tax rate of 0.99%, Moscow's rate reflects the local economic conditions and funding needs.
Average Moscow Tax Bill
$2,626
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Moscow, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83843 | $2,626 | $2,626 | $2,626 | $2,626 | $2,626 |
Source: Ownwell