Yakima, Washington Property Taxes
The median property tax rate in Yakima, WA is 1.10%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Yakima, the typical annual property tax bill reaches $2,500, slightly below the national median of $2,690. Property taxes in Yakima 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 Yakima'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 Yakima 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
Yakima, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,429
$2,254
Ownwell’s Yakima Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yakima with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yakima 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 Yakima, Washington
Property taxes in Yakima, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yakima is 1.10%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Yakima set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yakima 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 Yakima's effective property tax rate to other counties in Washington and the national median. For comparison, the 98936 zip code has the highest median property tax rate of 1.25%, while the 98952 zip code has the lowest median tax rate of 0.88%. Understanding how these cities compare with Yakima 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 Yakima Tax Rate
1.10%
Average Yakima County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yakima, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98901 | 1.09% | 1.12% | 1.23% | 1.27% | 1.34% |
| 98902 | 1.07% | 1.10% | 1.11% | 1.12% | 1.13% |
| 98903 | 0.95% | 1.06% | 1.09% | 1.12% | 1.15% |
| 98907 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
| 98908 | 1.02% | 1.09% | 1.10% | 1.11% | 1.12% |
| 98936 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
| 98937 | 1.09% | 1.09% | 1.16% | 1.57% | 2.18% |
| 98947 | 1.05% | 1.05% | 1.05% | 1.05% | 1.05% |
| 98952 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Yakima, Washington
In Yakima, 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 Yakima, 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 Yakima helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Yakima is $3,988 in zip code 98936, while the lowest is $660 in zip code 98952.
Average Yakima Assessed Value
$220,800
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 Yakima, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98901 | $31,100 | $94,300 | $172,400 | $282,400 | $371,760 |
| 98902 | $102,300 | $140,200 | $186,800 | $238,700 | $283,140 |
| 98903 | $23,000 | $101,000 | $213,200 | $331,800 | $424,400 |
| 98907 | $119,020 | $121,300 | $125,100 | $128,900 | $131,180 |
| 98908 | $136,900 | $215,525 | $278,300 | $362,500 | $466,500 |
| 98936 | $320,000 | $320,000 | $320,000 | $320,000 | $320,000 |
| 98937 | $131,660 | $231,200 | $324,950 | $391,900 | $443,200 |
| 98947 | $240,300 | $240,300 | $240,300 | $240,300 | $240,300 |
| 98952 | $74,700 | $74,700 | $74,700 | $74,700 | $74,700 |
Source: Ownwell
Property Tax Bills Across Yakima, Washington
In Yakima, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, the median home price in Yakima is $220,800, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $1,571 annually, while those in the 75th percentile pay approximately $3,431. The highest median tax bill in the area is $3,988, found in the 98936 zip code, whereas the lowest is $660 in the 98952 zip code. These variations can significantly impact homeowners' finances, making it crucial to understand how property taxes are calculated and what factors contribute to the final bill. The national median property tax rate is 0.99%, providing a benchmark for comparison.
Average Yakima Tax Bill
$2,500
Average Yakima County Tax Bill
$2,273
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Yakima, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98901 | $463 | $1,105 | $2,157 | $3,626 | $4,712 |
| 98902 | $952 | $1,521 | $2,067 | $2,647 | $3,179 |
| 98903 | $279 | $1,137 | $2,446 | $3,700 | $4,712 |
| 98907 | $1,378 | $1,404 | $1,448 | $1,492 | $1,518 |
| 98908 | $1,208 | $2,364 | $3,063 | $3,995 | $5,158 |
| 98936 | $3,988 | $3,988 | $3,988 | $3,988 | $3,988 |
| 98937 | $2,244 | $3,079 | $3,744 | $4,255 | $4,810 |
| 98947 | $2,514 | $2,514 | $2,514 | $2,514 | $2,514 |
| 98952 | $660 | $660 | $660 | $660 | $660 |
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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