Goose Prairie, Washington Property Taxes
The median property tax rate in Goose Prairie, WA is 1.05%, which is higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Goose Prairie being $125,200, the typical annual property tax bill reaches $1,315, still below the national median of $2,690. Property taxes in Goose Prairie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Goose Prairie'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 Goose Prairie or another part of Yakima County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goose Prairie, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,315
$1,220
Ownwell’s Goose Prairie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goose Prairie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goose Prairie 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 Goose Prairie, Washington
Property taxes in Goose Prairie, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goose Prairie is 1.05%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Goose Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goose Prairie 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 Goose Prairie's effective property tax rate to other counties in Washington and the national median. For comparison, the 98937 zip code has the highest median property tax rate of 1.05%, while the 98929 zip code has the lowest median tax rate of 1.03%. Understanding how these cities compare with Goose Prairie provides valuable insights into the varying tax landscape across Yakima County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goose Prairie Tax Rate
1.05%
Average Yakima County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goose Prairie, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98929 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
| 98937 | 1.04% | 1.05% | 1.05% | 1.07% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Goose Prairie, Washington
In Goose Prairie, 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 Yakima 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 Goose Prairie, 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. The highest median tax bill in Yakima County is $3,429 in the 98929 zip code, while the lowest is $1,301 in the 98937 zip code. Being aware of these valuation processes in Goose Prairie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Goose Prairie, Washington
Source: Ownwell
$5,800
$219,500
$433,200
Average Goose Prairie Assessed Value
$125,200
Average Yakima County Assessed Value
$200,300
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goose Prairie, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98929 | $332,300 | $332,300 | $332,300 | $332,300 | $332,300 |
| 98937 | $57,510 | $90,075 | $123,800 | $199,275 | $242,160 |
Source: Ownwell
Property Tax Bills Across Goose Prairie, Washington
In Goose Prairie, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or changes made to the property. Homeowners in Goose Prairie experience a range of property tax bills, with the 25th percentile at $958 and the 75th percentile at $2,299. The highest median tax bill in Yakima County, where Goose Prairie is located, reaches $3,429, while the lowest median tax bill is $1,301. These tax bills can significantly impact homeowners, affecting their monthly housing costs and overall financial planning. Compared to the national median property tax rate of 0.99%, Goose Prairie's property tax rates can vary, influencing the affordability and attractiveness of owning property in this region.
Average Goose Prairie Tax Bill
$1,315
Average Yakima County Tax Bill
$2,273
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Goose Prairie, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98929 | $3,429 | $3,429 | $3,429 | $3,429 | $3,429 |
| 98937 | $624 | $956 | $1,301 | $2,071 | $2,577 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
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