O Rd, Washington Property Taxes
The median property tax rate in O RD, WA is 1.08%, which is considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in O RD, the typical annual property tax bill reaches $2,274, exceeding the national median of $2,690. Property taxes in O RD 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 O RD'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 O RD 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
O Rd, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,284
$2,231
Ownwell’s ORD Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ORD. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in ORD to provide an accurate estimate of your property tax bill. This valuable resource offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends and localized information, further insights are available by scrolling down. Your property’s assessed value, determined by Okanogan County, is used for these calculations, taking into account any applicable exemptions.
Property Tax Rates Across O Rd, Washington
Property taxes in O RD, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in O RD is 1.08%, which is higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within O RD set these rates annually, and they can vary significantly across different neighborhoods. Each year, O RD 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 O RD's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in the region is 1.45%, while the lowest median tax rate is 0.75%. Understanding how these cities compare with O RD 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 O Rd Tax Rate
1.08%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across O Rd, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across O Rd, Washington
In O RD, Washington, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is 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 Appraisal District 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 O RD, 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 O RD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in O RD is $211,500, with tax bills at the 25th, 75th, and 90th percentiles all standing at $2,274, reflecting a consistent tax environment across different property values.
Average O Rd Assessed Value
$211,500
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 O Rd, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across O Rd, Washington
In O RD, located in Okanogan County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the home's market value. For instance, with a median home price of $211,500, the assessed value is used to calculate the property tax owed. The property tax rate in Okanogan County is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions or deductions. In Okanogan County, property tax bills show a consistent amount of $2,274 at the 25th, 75th, and 90th percentiles, indicating a relatively stable tax rate across different property values. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligation. Compared to the national median property tax rate of 0.99%, Okanogan County's rates can provide a useful benchmark for assessing local tax burdens.
Average O Rd Tax Bill
$2,274
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across O Rd, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell