Property tax delinquency can result in additional fees and interest, which are also attached to the property title. Whatcom County . Proceeds from the Whatcom County Personal Property Tax are used locally to fund school districts, public transport, infrastructure, and other municipal government projects. Unless specifically exempt, all tangible personal property is subject to personal property tax. Previous appraisals, expert opinions, and appraisals for similar properties may be attached to the appeal as supporting documentation. Whatcom County has one of the highest median property taxes in the United States, and is ranked 375th of the 3143 counties in order of median property taxes. The other 32 counties should consider implementing the same tax deferment policy and even pushing the deadline out into July, August, or later. Getting a Homestead Exemption may also help protect your home from being repossessed in the case of a property tax lien due to unpaid Whatcom County property taxes or other types of other debt.
The Washington Policy Center had recently posted an article calling for the treasurers to take advantage of this emergency provision and help property owners suffering under the shelter-in-place orders by Governor Inslee by postponing the date property taxes are due (see article here). Our property tax estimates are based on the median property tax levied on similar houses in the Whatcom County area. Maybe this policy gives a small bit of breathing room for some property owners to hang on and survive a tough financial time. Normally, the due date for the first 50% of a property owner’s tax is at the end of April (the second half due in October).
Identify each personal property category. List all assets you own as of January 1, including those assets fully depreciated in your accounting records and assets in storage. Here is the current list of seven counties (out of 39) who formally made this policy decision: This is a good policy decision. You can look up the Whatcom County Assessor's contact information here (opens in external website). Whatcom County collects, on average, 0.74% of a property's assessed fair market value as property tax. Nonprofit property tax exemption. You can use these numbers as a reliable benchmark for comparing Whatcom County's property taxes with property taxes in other areas. Your actual property tax burden will depend on the details and features of each individual property. However, supplies consumed in the operation of a business are taxable. Include the total purchase cost of each item. Unlike other taxes which are restricted to an individual, the Whatcom County Property Tax is levied directly on the property. On Monday, many of these treasurers officially announced these due date extensions. You will be provided with a property tax appeal form, on which you will provide the tax assessor's current appraisal of your property as well as your proposed appraisal and a description of why you believe your appraisal is more accurate. The property must not used by entities not eligible for a property tax exemption under chapter 84.36 RCW for more than 50 days in the calendar year nor for financial gain or to promote business activities for more than 15 of those 50 days in the calendar year. Note: This page provides general information about property taxes in Whatcom County. Return listings to the Whatcom County Assessor’s Office.
An exemption or partial exemption may apply to some farm machinery and equipment. The median property tax in Whatcom County, Washington is $2,173 per year for a home worth the median value of $293,500.