Example of Yakima County Property Tax Calculation
Property tax in Yakima County, Washington is calculated based on the value of the property owned by individual or business. The value of the property is assessed by the County Assessor's office and is multiplied by the tax rate, which is set by the County Commissioners.
For example, if a property valued at $300,000 is located in a tax district with a tax rate of 1%, the property tax would be calculated as follows:
$300,000 x 0.01 = $3,000
This means that the property owner would owe $3,000 in property taxes for the year. It's important to note that property tax rates can vary depending on the location and specific tax district.
Additionally, property owners may be eligible for exemptions or deductions that can lower their property tax bill. This includes exemptions for senior citizens or disabled individuals, as well as deductions for home improvements or energy-efficient upgrades.
Overall, understanding how Yakima County's property tax system works can help property owners better manage their finances and plan for the future.
If you want appeal your property tax assessment - contact your local tax assessor.
Yakima County Property Tax Rates
The Yakima County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $1.47 |
| City of Yakima | $1.54 |
| City of Selah | $1.45 |
| City of Union Gap | $1.47 |
| City of Wapato | $1.46 |
| City of Toppenish | $1.50 |
| City of Grandview | $1.94 |
Note that these rates are subject to change and may vary depending on the specific location and property type. It is important to consult with a professional tax advisor for personalized guidance on property taxes in Yakima County.
Who sets property tax rates in Yakima County ?
According to Yakima County, the Property Tax rates are set by several entities, including:
- Yakima County Board of Commissioners:
The Yakima County Board of Commissioners sets the countywide levy rate for general property taxes.
- Local governments:
Local governments, including cities, towns, and school districts, set their levy rates for property taxes.
- State Legislature:
The Washington State Legislature sets the levy rates for certain levies, such as the state school levy.
It is important to note that the property tax rates can vary based on the assessed value of the property and any changes made by the entities mentioned above.
The property tax rates are set annually and property owners receive a tax bill, which includes the assessed value of their property, the tax rate, and the amount due. It is recommended that property owners review their tax bills to ensure accuracy and seek assistance from a tax advisor if needed.
Homestead exemptions in Yakima County ?
To help Yakima County residents navigate the often-confusing world of property taxes, we've compiled a comprehensive list of all county-specific Homestead exemptions and deductions. Below is a table with columns for exemption, eligibility, amount, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Disabled Veterans | Must be a disabled veteran | Up to $90,000 of assessed value | Also applies to surviving spouse |
| Senior Citizens and Disabled Persons | 61 years or older or disabled | 50% of the first $60,000 of assessed value | Subject to income limits |
| Agricultural Land | Land used for agriculture | 50% of assessed value | Must meet criteria for active use |
| Historic Property | Property designated as a historic landmark | 50% of assessed value | Subject to specific criteria |
| New Construction | Newly constructed home | Up to 3 years of exemption | Must meet specific criteria |
It's important to note that these exemptions and deductions are specific to Yakima County in Washington and may not apply in other counties or states. If you have any questions or concerns about your property taxes, be sure to consult with a local tax professional.
When is Yakima County Property Tax due ?
Yakima County Property Tax typically due date is on April 30 of each year. However, if the due date falls on a weekend, the deadline is extended to the next business day.
Payment methods for Yakima County Property Tax include online payments, in-person payments, and mail-in payments. For online payments, taxpayers can use a credit card or e-check, but a convenience fee may apply. In-person payments can be made at the Yakima County Treasurer's Office, and cash, check, or money order are accepted. Mail-in payments can be made with a check or money order, and the payment should be sent to the Yakima County Treasurer's Office.
It is important to note that failure to pay property taxes on time can result in late fees, interest charges, and even the loss of the property through foreclosure. Therefore, taxpayers are advised to make timely payments and keep track of the due date.
If you have more questions - contact your local tax collector.
How is Yakima County Property Tax penalty calculated ?
Yakima County in Washington state imposes penalties on delinquent property taxes. The penalty is calculated based on the amount of unpaid taxes and the length of time they have been overdue.
Here is an example of how the penalty is calculated:
Assume a property owner owes $1,000 in property taxes for the 2020 tax year. The taxes were due on April 30, 2021, but the owner did not pay until June 30, 2021.
The penalty for the first month of delinquency would be 3% of the unpaid taxes, or $30 (3% of $1,000).
For each additional month of delinquency, the penalty increases by an additional 1%. So the penalty for the second month of delinquency would be 4% of the unpaid taxes, or $40 (4% of $1,000).
If the owner does not pay the taxes for an entire year, the total penalty would be 12% of the unpaid taxes, or $120 (12% of $1,000).
Here is a table summarizing the penalty rates for delinquent property taxes in Yakima County:
| Delinquency period | Penalty rate |
|---|---|
| First month | 3% |
| Second month | 4% |
| Third month | 5% |
| Fourth month | 6% |
| Fifth month | 7% |
| Sixth month | 8% |
| Seventh month | 9% |
| Eighth month | 10% |
| Ninth month | 11% |
| Tenth month and beyond | 12% |
It is important to note that Yakima County provides a grace period of one month after the due date before penalties are imposed. So in the example above, if the property owner had paid by May 31, 2021, no penalty would have been assessed.
It is always best to pay property taxes on time to avoid penalties and potential interest charges.
We recommend contacting the Yakima County Tax Office or a local tax professional for the most up-to-date and accurate information.