Conc, Washington Property Taxes
The median property tax rate in CONC, WA is 1.11%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in CONC, the typical annual property tax bill reaches $2,649, slightly exceeding the national median of $2,690. Property taxes in CONC are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding CONC's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of CONC or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Conc, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,651
$2,589
Ownwell’s CONC Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CONC with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CONC to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Conc, Washington
Property taxes in CONC, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CONC is 1.11%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within CONC set these rates annually, and they can vary significantly across different neighborhoods. Each year, CONC estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares CONC's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in the area is 1.25%, while the lowest median tax rate is 0.85%. Understanding how these cities compare with CONC provides valuable insights into the varying tax landscape across Okanogan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conc Tax Rate
1.11%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conc, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Conc, Washington
In CONC, Washington, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Okanogan County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In CONC, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in CONC helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in CONC is $238,800, with tax bills ranging from $2,649 at the 25th percentile to $2,649 at the 90th percentile, compared to the national median property tax rate of 0.99%.
Average Conc Assessed Value
$238,800
Average Okanogan County Assessed Value
$128,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conc, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Conc, Washington
Property tax bills in CONC, located in Okanogan County, WA, are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in the area is $238,800. Local tax rates are then applied to this assessed value to calculate the annual tax bill. For instance, the property tax rates in CONC are designed to generate revenue for essential public services such as schools, infrastructure, and emergency services. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in CONC can expect their property tax bills to be around $2,649, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity suggests a relatively stable tax rate in the region. Compared to the national median property tax rate of 0.99%, homeowners in CONC might find their property tax rates to be relatively moderate, providing a balanced approach to funding community services while maintaining affordability.
Average Conc Tax Bill
$2,649
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Conc, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell