Yakima, Washington Property Taxes
Real Estate Values and Property Tax Valuation in Yakima, Washington
The city of Yakima has a total of 36,428 properties with a cumulative value of $8.5B, making up 57.68% of all real estate value in Yakima County. Property taxes in Yakima totaled $95.8M, with the average homeowner paying $2,694 in property taxes compared to the county average of $2,506. The average property tax rate in Yakima is 1.12%, slightly lower than the county average of 1.13%. Property taxes are based on the assessed value of the property, which is determined by the local assessor's office.
The property tax timeline in Washington begins on January 1st when the property valuation date is set. Property value notices are issued from May to December and the property tax appeal deadline is July 1st or 30-60 days after the notice is issued. Finally, property tax bills are issued on February 14th.
Updated November 01, 2023
Important Links | |
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Yakima Assessor | (509) 574-1100 |
Yakima Treasurer | (509) 574-2800 |
Yakima Auditor / Recorder | (509) 574-1400 |
Important Dates | |
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Property Valuation Date: | January 1st |
Property Value Notices Issued: | May - December |
Property Tax Appeal Deadline: | July 1st or 30-60 days after notice |
Property Tax Bills Issued: | February 14th |
Real Property Tax Bill Due (1st of #): | April 30th |
Real Property Tax Bill Due (2nd of #): | October 31st |
Available Exemptions | |
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Senior | Available |
Disabled | Available |
Homestead | Not Available |
Veteran | Available |
Charitable | Available |
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Real Estate Statistics in Yakima, Washington
Residential Property Tax by ZIP code in Yakima, Washington
Yakima property taxes are collected at an average rate of 1.12%, which is slightly lower than the average rate of 1.13% for Yakima County. This rate is applied to the assessed value of a property to determine the amount of taxes due. However, the effective property tax rate can vary significantly across Yakima ZIP codes. For example, the ZIP code 98901 has an effective property tax rate of 1.23%, while the ZIP code 98908 has an effective property tax rate of 1.1%. This difference is due to the varying home values across the different ZIP codes.
Overall, Yakima property taxes are slightly lower than the average rate for Yakima County, but the effective rate can vary significantly across ZIP codes. This is due to the differences in home values across the different ZIP codes, which can lead to higher or lower effective property tax rates.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Yakima, Washington. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98901 | $30,700 | $94,275 | $172,400 | $281,800 | $370,620 |
98902 | $102,100 | $139,500 | $185,600 | $237,000 | $280,240 |
98903 | $22,600 | $101,900 | $213,800 | $331,500 | $422,900 |
98908 | $139,240 | $215,400 | $277,300 | $360,550 | $463,820 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Yakima, Washington.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98901 | $481 | $1,110 | $2,148 | $3,631 | $4,719 |
98902 | $964 | $1,520 | $2,065 | $2,645 | $3,177 |
98903 | $299 | $1,173 | $2,496 | $3,713 | $4,728 |
98908 | $1,287 | $2,370 | $3,064 | $3,998 | $5,180 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98901 | 1.57% | 1.18% | 1.25% | 1.29% | 1.27% |
98902 | 0.94% | 1.09% | 1.11% | 1.12% | 1.13% |
98903 | 1.32% | 1.15% | 1.17% | 1.12% | 1.12% |
98908 | 0.92% | 1.10% | 1.10% | 1.11% | 1.12% |
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Real Estate Values in Yakima, Washington
Average Home Value in Yakima, Washington
Last updated: November 2023
Average home value over time in Yakima, Washington
Last updated: November 2023
Total unique home listings in Yakima, Washington
Last updated: November 2023
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Housing Expenses in Yakima, Washington
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for West region
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