Prosser, Washington Property Taxes
The median property tax rate in Prosser, WA is 1.13%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Prosser at $228,850, the typical annual property tax bill reaches $2,664, just below the national median of $2,690. Property taxes in Prosser 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 Prosser'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 Prosser 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
Prosser, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,586
$2,400
Ownwell’s Prosser Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prosser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prosser 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 Prosser, Washington
Property taxes in Prosser, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prosser is 0.93%, lower than both the Washington state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Prosser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prosser 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 Prosser's effective property tax rate to other counties in Washington and the national median. For comparison, the 99350 zip code has the highest median property tax rate of 0.93%, while the same 99350 zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Prosser 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 Prosser Tax Rate
1.13%
Average Yakima County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prosser, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99350 | 1.11% | 1.11% | 1.13% | 1.21% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Prosser, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Prosser, 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 Yakima County Assessor's Office 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 Prosser, 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. Notably, the median home price in Prosser is $228,850, and the median tax bill is $2,664. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Prosser Assessed Value
$228,850
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 Prosser, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99350 | $133,130 | $181,000 | $228,850 | $273,875 | $324,890 |
Source: Ownwell
Property Tax Bills Across Prosser, Washington
In Prosser, located in Yakima County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. For homeowners in Prosser, the median home price is $228,850. The property tax rate in this region reflects the local government's budgetary needs and public services funding. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Prosser can expect a tax bill ranging from $2,159 at the 25th percentile to $3,868 at the 90th percentile. The median property tax bill in the area is $2,664, which is notably higher than the national median property tax rate of 0.99%. This higher tax rate can significantly impact homeowners' finances, making it essential for them to understand their property’s assessed value and explore potential exemptions to reduce their tax burden.
Average Prosser Tax Bill
$2,664
Average Yakima County Tax Bill
$2,273
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Prosser, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99350 | $1,356 | $2,159 | $2,664 | $3,230 | $3,868 |
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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