Cusick, Washington Property Taxes
The median property tax rate in Cusick, WA is 0.81%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $166,626 in Cusick, the typical annual property tax bill amounts to $1,282, significantly below the national median of $2,690. Property taxes in Cusick are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Cusick's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cusick or another part of Pend Oreille County, knowing the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cusick, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,350
$1,319
Ownwell’s Cusick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cusick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cusick 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 Cusick, Washington
Property taxes in Cusick, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cusick is 0.81%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Cusick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cusick 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 Cusick's effective property tax rate to other counties in Washington and the national median. For comparison, the 99119 zip code has the highest median property tax rate of 0.81%, while the 99119 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Cusick provides valuable insights into the varying tax landscape across Pend Oreille County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cusick Tax Rate
0.81%
Average Pend Oreille County Tax Rate
0.87%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cusick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99119 | 0.74% | 0.80% | 0.81% | 0.82% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Cusick, Washington
In Cusick, 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 Pend Oreille 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 Cusick, 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 Cusick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99119 in Cusick has both the highest and lowest median tax bill, amounting to $1,282.
Average Cusick Assessed Value
$166,626
Average Pend Oreille County Assessed Value
$181,614
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cusick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99119 | $38,828 | $71,261 | $166,626 | $278,128 | $381,172 |
Source: Ownwell
Property Tax Bills Across Cusick, Washington
Property tax bills in Cusick, located in Pend Oreille County, WA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. The tax rate is applied to this assessed value to calculate the annual tax bill. For Cusick, the median home price is $166,626, which serves as a baseline for determining the tax bill. Homeowners in Cusick can expect their tax bills to vary widely. The 25th percentile of tax bills is $542, while the 75th percentile reaches $2,197, and the 90th percentile goes up to $3,037. This variability reflects differences in property values and specific assessment details. Compared to the national median property tax rate of 0.99%, Cusick's tax rates can significantly impact homeowners' financial planning and overall cost of living. Understanding these factors helps homeowners anticipate their annual expenses and make informed decisions about property investments in Cusick.
Average Cusick Tax Bill
$1,282
Average Pend Oreille County Tax Bill
$1,429
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Cusick, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99119 | $299 | $542 | $1,282 | $2,197 | $3,037 |
Source: Ownwell