What is the property tax rate?

In Washington, property taxes are assessed differently depending on the county or municipality in which the property is located. Generally, the tax rate is determined by each county and city, so it is important to contact the local tax assessor in order to get an exact rate. Generally, however, the rate is in the range of 1.1 to 2.2%. This is the percentage that is used to determine the amount of property tax due. The rate may be lower or higher, depending on the tax district. In addition to the basic rate, there may be additional levy charges, such as those added to pay for schools and other public services. This levy rate is usually set by the local taxing authority. The total property tax rate is equal to the basic rate, plus any additional levies. When calculating the property tax due, you will need to consider the total property value, based on the assessed value. In Washington, the assessed value is 100% of the estimated fair market value, which is determined by an appraiser. Once the total property value is determined, it is multiplied by the total rate to determine the amount of property tax due. Property taxes are an important source of revenue for the state and are used to fund public services, such as education, parks, and public safety. Therefore, it is important to understand the property tax rate in order to accurately determine the amount of taxes due.

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