Richland, Franklin County, Washington Property Taxes

Name: Property Tax Bills Across Richland, Franklin County, Washington
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Richland, WA effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Richland, WA home value: $321,900
Median annual Richland, WA tax bill: $2,048, $352 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in Richland, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Richland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Richland, Franklin County, Washington Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.64%

Estimate Property Tax Bill

$2,060

$1,912

Ownwell’s Richland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richland with just two data points. By entering your property's estimated assessed value, our calculator applies Richland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Benton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richland, Franklin County, Washington

Local government entities are responsible for setting tax rates, and these can differ significantly across a state. The annual process involves each county estimating its necessary budget for services and dividing that by the total value of all taxable property in its area, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is the essence of the process.

In Richland, Franklin County, Washington, the effective property tax rate is 0.64%, which is notably lower than both the state and national medians. This difference highlights the variability in property tax rates across different regions. Compared to the national median property tax rate of 1.02% and the median property tax bill of $2,400, Richland offers a more favorable tax environment for property owners. Such variations can significantly impact homeowners' financial planning and investment decisions. Understanding these differences is crucial for property owners looking to optimize their tax liabilities and make informed decisions about their real estate investments.

Property Tax Rates Across Richland, Franklin County, Washington

Source: Ownwell

0.52%

0.61%

0.71%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Richland Tax Rate

0.64%

Median Effective Franklin County Tax Rate

0.71%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richland, Franklin County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
99352	N/A	N/A	N/A	N/A	N/A
99354	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Richland, Franklin County, Washington

When examining property taxes in Richland, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Richland. For example, the median home price in Richland is $321,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Richland, Franklin County, Washington

Source: Ownwell

$93,400

$243,125

$392,850

Median Richland Market Value

$321,900

Median Franklin County Market Value

$384,600

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richland, Franklin County, Washington

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
99352	N/A	N/A	N/A	N/A	N/A
99354	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Richland, Franklin County, Washington

In Richland, located in Franklin County, WA, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Richland is $321,900, influencing the tax bill homeowners receive. The property tax rate in this area is slightly below the national median of 1.02%, making it relatively affordable compared to other regions. Homeowners in Richland typically see tax bills ranging from $1,104 at the 25th percentile to $2,243 at the 90th percentile, with a median around $2,170. These figures show a variance based on property values and local levies. Understanding these components can help homeowners anticipate their tax responsibilities.

Ownwell offers valuable services to homeowners by appealing property tax assessments and identifying potential exemptions, which can lead to significant savings. By leveraging their expertise, homeowners can ensure their property is accurately assessed, potentially lowering their tax bills and offering financial relief.

Property Tax Bills Across Richland, Franklin County, Washington

Source: Ownwell

$454

$1,643

$2,831

Median Richland Tax Bill

$2,048

Median Franklin County Tax Bill

$2,758

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Richland, Franklin County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
99352	N/A	N/A	N/A	N/A	N/A
99354	N/A	N/A	N/A	N/A	N/A

Source: Ownwell