Wauconda, Washington Property Taxes
The median property tax rate in Wauconda, WA is 0.97%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Wauconda at $64,200, the typical annual property tax bill is $576, which is significantly below the national median of $2,690. Property taxes in Wauconda are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wauconda's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Wauconda or another part of Okanogan County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wauconda, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$623
$608
Ownwell’s Wauconda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wauconda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wauconda 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 Wauconda, Washington
Property taxes in Wauconda, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wauconda is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Wauconda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wauconda 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 Wauconda's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98859 has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Wauconda 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 Wauconda Tax Rate
0.97%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wauconda, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98859 | 0.52% | 0.83% | 0.97% | 1.11% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Wauconda, Washington
In Wauconda, 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 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 Wauconda, 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. In Wauconda, the median home price is $64,200. The median tax bill varies significantly, with the highest and lowest median tax bills both recorded at $576 in zip code 98859. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wauconda Assessed Value
$64,200
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 Wauconda, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98859 | $30,520 | $44,900 | $64,200 | $102,600 | $186,180 |
Source: Ownwell
Property Tax Bills Across Wauconda, Washington
In Wauconda, Okanogan County, WA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor's office. The assessed value is typically a percentage of the property's market value. Homeowners in Wauconda can expect varying property tax bills, with the 25th percentile paying around $387, the 75th percentile paying approximately $896, and the 90th percentile reaching up to $1,776. These figures illustrate the range of property tax burdens within the community. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, the highest median tax bill in Wauconda is $576, which is notably lower than the national median property tax rate of 0.99%. This relatively low tax burden can be beneficial for homeowners, making property ownership more affordable. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Wauconda Tax Bill
$576
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Wauconda, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98859 | $201 | $387 | $576 | $896 | $1,776 |
Source: Ownwell