Example of Thurston County Property Tax Calculation
Thurston County property tax is calculated based on a few different factors. First, the assessed value of the property is determined by the county assessor's office. This value takes into account the size of the property, the value of any buildings on the property, and other factors that may impact its worth.
Once the assessed value is determined, the county will apply a tax rate to it. This tax rate is based on the budget needs of the county, as well as any voter-approved levies or bonds that have been passed.
For example, let's say a home in Thurston County has an assessed value of $300,000. The county's current tax rate is $10.50 per $1,000 of assessed value. To calculate the property taxes for this home, you would simply multiply the assessed value by the tax rate:
$300,000 assessed value x $10.50 per $1,000 = $3,150 in property taxes
It's important to note that property taxes in Thurston County may also include additional fees for things like fire protection and school levies. These fees are usually added as a percentage of the total property tax bill.
Overall, calculating property taxes in Thurston County is a straightforward process that takes into account the assessed value of the property and the current tax rate.
If you want appeal your property tax assessment - contact your local tax assessor.
Thurston County Property Tax Rates
Here is the formatted table listing Thurston County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General Fund | $0.8700 |
| County Roads | $0.2065 |
| Conservation Futures | $0.0500 |
| Emergency Medical Services | $0.3350 |
| Medic One | $0.2648 |
| Public Health | $0.0800 |
| County Current Expense | $0.9442 |
| State School | $2.4271 |
| Total | $4.1776 |
These rates are effective for the tax year 2021 and are subject to change in future years. It is important for property owners in Thurston County to be aware of these rates in order to properly budget for their property taxes.
Who sets property tax rates in Thurston County ?
Thurston County Property Tax Rates:
In Thurston County, the property tax rates are set by the County Assessor's Office.
The property tax rate is determined by the budget requirements of various taxing districts, such as the school district, city, and county government.
The Thurston County Budget Office prepares a budget proposal, which is reviewed and approved by the Board of County Commissioners.
Once the budget is approved, the County Assessor's Office calculates the tax rate based on the budget requirements and the assessed value of each property in the district.
The property tax bills are then mailed out to property owners in February, with payment due by April 30th.
It is important for property owners to review their property tax bills and to make sure they are accurate. If there are any questions or concerns, property owners should contact the Thurston County Assessor's Office for assistance.
Homestead exemptions in Thurston County ?
To help homeowners in Thurston County, Washington, understand the different Homestead exemptions and deductions that are available to them, a table outlining the details of each exemption is provided below.
The table columns include:
- Exemption
- Eligibility
- Amount
- Notes
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Exemption | Applies to all residential properties | Up to $50,000 off assessed value | Must file an application with the Thurston County Assessor's Office by December 31st of the year prior to the exemption being applied. The exemption applies to the assessed value of the property, not the actual value. |
| Senior Exemption | Must be 61 years or older or retired due to disability and meet income limits | Up to $60,000 off assessed value | Must file an application with the Thurston County Assessor's Office by April 1st of each year. Income limits are set at $40,000 for a single person and $45,000 for a married couple. The exemption applies to the assessed value of the property, not the actual value. |
| Disabled Veterans | Must have a service-connected disability rating of 10% or more | Up to $90,000 off assessed value | Must file an application with the Thurston County Assessor's Office. This exemption applies to the assessed value of the property, not the actual value. |
| Widows or Widowers | Must have been married to a qualifying veteran or active-duty service member | Up to $60,000 off assessed value | Must file an application with the Thurston County Assessor's Office. The exemption applies to the assessed value of the property, not the actual value. |
| Levy Lid Lift | Applies to all residential properties | Varies by levy lid lift measure | This exemption is only available if a levy lid lift measure has been approved and the funds are used for specific purposes, such as public safety or education. The exemption amount varies depending on the specific measure. |
| Open Space | Applies to properties used for agriculture, forestry, or wildlife conservation | Varies depending on use and acreage of property | Must file an application with the Thurston County Assessor's Office. The exemption applies to the assessed value of the property, not the actual value. |
| Forest Land | Applies to properties used for timber production | Varies depending on acreage, age, and productivity of trees | Must file an application with the Thurston County Assessor's Office. The exemption applies to the assessed value of the property, not the actual value. |
| Current Use Assessment | Applies to properties used for agriculture, forestry, or wildlife conservation | Varies depending on use and acreage of property | Must file an application with the Thurston County Assessor's Office. The exemption applies to the assessed value of the property, not the actual value. |
Homeowners in Thurston County can take advantage of these Homestead exemptions and deductions to reduce their property tax bills. It is important to note that each exemption has specific eligibility criteria and application deadlines which must be met in order to receive the exemption. Homeowners are encouraged to contact the Thurston County Assessor's Office for more information and guidance on how to apply for these exemptions.
When is Thurston County Property Tax due ?
Thurston County Property Tax is typically due on April 30th of each year. The county government allows taxpayers to pay their property tax using different methods. The following are ways of paying Thurston County Property Tax:
Payment Methods
| Method | Description |
|---|---|
| Online | Pay using the County Treasurer's online system |
| By Mail | Mail the payment to the Thurston County Treasurer's Office |
| In Person | Visit the Thurston County Treasurer's Office |
| Dropbox | Use the dropbox outside the Thurston County Courthouse |
It is important to note that payments must be received or postmarked by April 30th to avoid penalties and interest. Also, taxpayers who are unable to pay their property tax in full can benefit from the county's property tax deferral program.
Overall, keeping track of the property tax deadline is essential for Thurston County homeowners to avoid penalties and interest.
If you have more questions - contact your local tax collector.
How is Thurston County Property Tax penalty calculated ?
Thurston County Property Tax Penalty Calculation:
The penalty for late payment of property taxes in Thurston County is calculated as a percentage of the unpaid taxes. The penalty is added to the taxes that are due and payable on or before April 30th of each year.
The penalty is calculated as follows:
- 1% for the first month: If property taxes are not paid by May 1st, a penalty of 1% of the unpaid taxes will be added.
- 1% for each additional month: If property taxes are not paid by the end of the first month (May), an additional penalty of 1% of the unpaid taxes will be added for each month (or portion of a month) that the taxes remain unpaid.
- Maximum penalty of 12%: The maximum penalty for late payment is 12% of the unpaid taxes.
Example:
Let's say that John owns a property in Thurston County and his property tax bill for the year is $2,000. His property taxes are due and payable by April 30th. John fails to make the payment by the due date, and the following penalties are added to his unpaid taxes:
- May 1st: 1% penalty ($20)
- June 1st: 1% penalty ($20)
- July 1st: 1% penalty ($20)
- August 1st: 1% penalty ($20)
- September 1st: 1% penalty ($20)
- October 1st: 1% penalty ($20)
- November 1st: 1% penalty ($20)
- December 1st: 1% penalty ($20)
- January 1st: 1% penalty ($20)
- February 1st: 1% penalty ($20)
- March 1st: 1% penalty ($20)
- April 1st: 1% penalty ($20)
Total penalty = $240 (12% of the unpaid taxes)
Therefore, John's total property tax bill for the year would be $2,000 (original taxes) + $240 (penalty) = $2,240.
We recommend contacting the Thurston County Tax Office or a local tax professional for the most up-to-date and accurate information.