Example of Pierce County Property Tax Calculation
Pierce County calculates property tax based on the assessed value of a property. For example, if a home is assessed at $200,000, and the tax rate is $10 per $1,000 of assessed value, the property tax would be $2,000.
To calculate the property tax, multiply the assessed value by the tax rate (in this case, $200,000 x $10 = $2,000). This amount is then divided into two payments, due in April and October of each year.
It is important to note that property tax rates and assessed values can vary depending on the location and type of property. It is recommended to check with the Pierce County Assessor’s Office for specific information about a particular property.
If you want appeal your property tax assessment - contact your local tax assessor.
Pierce County Property Tax Rates
The Pierce County Property Tax Rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $1.14 |
| City/Town | Varies |
| School | Varies |
| Fire | Varies |
| Parks | Varies |
| Port | Varies |
| Flood | $0.10 |
| Diking | Varies |
| Cemetery | Varies |
Note: The rates for City/Town, School, Fire, Parks, Port, Diking, and Cemetery taxes vary depending on the location within Pierce County. It is recommended to consult with a tax professional for specific rates applicable to your property.
Who sets property tax rates in Pierce County ?
Who sets property tax rates in Pierce County?
The Pierce County Council sets property tax rates in Pierce County.
When are property tax rates set in Pierce County?
Property tax rates are set annually in Pierce County. The County Council reviews and approves the property tax rate each year, usually in November or December.
How are property tax rates determined in Pierce County?
Property tax rates in Pierce County are determined based on several factors, including the assessed value of the property, the overall budget of the County, and any voter-approved levies or bonds.
The County Assessor assesses the value of all taxable property in Pierce County, and this value is multiplied by the property tax rate to determine the amount of property tax owed.
It's important to note that property taxes are just one component of a homeowner's overall tax burden. Other taxes, such as state and federal income taxes, sales taxes, and excise taxes, also contribute to the overall tax burden.
Homestead exemptions in Pierce County ?
To provide Pierce County residents with a comprehensive guide to Homestead exemptions and deductions, the following table has been created. It includes key columns such as exemption, eligibility, amount, and notes, to facilitate easy understanding.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Senior Citizen Exemption | Age 61 and above, with an income of $40,000 or less | Up to 60% reduction on assessed value | Must reapply annually |
| Disabled Veteran’s Exemption | Disabled veterans rated 100% disabled by the VA | Up to $90,000 reduction on assessed value | Must reapply annually |
| Homeowner’s Exemption | Primary residence of the homeowner | Up to $30,000 reduction on assessed value | Must file by April 30th |
| Current Use Assessment | Property used for agriculture, timber or open space | Reduced property taxes | Must file an application |
| Multi-Family Tax Exemption | New or rehabilitated multi-family housing | Reduced property taxes for up to 12 years | Must file an application |
It is important to note that these exemptions and deductions are specific to Pierce County and may vary in other counties. Eligibility requirements and application processes may also differ, so it is advised to check with the county assessor's office for more information.
Overall, Homestead exemptions and deductions can provide significant savings on property taxes for eligible individuals in Pierce County.
When is Pierce County Property Tax due ?
Pierce County Property Tax typically has two payment deadlines: April 30th and October 31st.
Payment Methods There are several methods to pay property taxes in Pierce County:
| Payment Method | Description |
|---|---|
| Online | Pay online using a credit card or e-check at the Pierce County Treasury website. |
| Mail a check or money order to the Pierce County Treasury. | |
| In-Person | Pay in person at the Pierce County Treasury office in Tacoma. |
| Drop Box | Drop off a payment in the secure drop box located outside the Pierce County Treasury office. |
It is important to note that if a payment is not received by the deadline, penalties and interest will be added to the amount owed. Thus, it is recommended to pay on time to avoid additional fees.
If you have more questions - contact your local tax collector.
How is Pierce County Property Tax penalty calculated ?
Pierce County property tax penalty is calculated based on a number of factors. Here's an overview of how it works along with an example to illustrate:
Factors that Affect Penalty Calculation:
-
Due Date: Property taxes in Pierce County are due on April 30th of each year. If the taxes are not paid by this date, a penalty will be assessed.
-
Percentage: The penalty for late payment is 1% for the first month and an additional 1% each month thereafter until the taxes are paid in full.
Example:
Let's say a property owner in Pierce County owes $2,000 in property taxes for the year. If they fail to pay the taxes by the April 30th due date, they will be subject to a penalty of 1% for the first month, which would be $20 ($2,000 x 1%). If they still have not paid after one month, the penalty will increase to 2%, or $40 ($2,000 x 2%). This will continue each month until the taxes are paid in full.
To avoid penalties, it's important to pay property taxes on time. Property owners can make payments online, by mail, or in person at the Pierce County Assessor-Treasurer's Office.
We recommend contacting the Pierce County Tax Office or a local tax professional for the most up-to-date and accurate information.