Deer Park, Washington Property Taxes
The median property tax rate in Deer Park, WA is 0.82%, 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 $142,368 in Deer Park, the typical annual property tax bill is approximately $1,157, significantly below the national median of $2,690. Property taxes in Deer Park are calculated based on the assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding the property tax system in Deer Park, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Deer Park or another part of Pend Oreille County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deer Park, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,167
$1,140
Ownwell’s Deer Park Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Deer Park with just two data points. By entering your property's estimated assessed value, the calculator uses Deer Park's median tax rate to project your property tax bill. This valuable tool provides a clear understanding of potential tax responsibilities. For those interested in neighborhood-level trends, scroll down for more detailed information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Deer Park, Washington
Property taxes in Deer Park, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Park is 0.82%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Deer Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Park 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 Deer Park's effective property tax rate to other counties in Washington and the national median. For comparison, the 99006 zip code has the highest median property tax rate of 0.82%, while the same 99006 zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Deer Park 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 Deer Park Tax Rate
0.82%
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 Deer Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99006 | 0.49% | 0.81% | 0.82% | 1.01% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Deer Park, Washington
In Deer Park, 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 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 Deer Park, 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 Deer Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,157, found in the zip code 99006.
Average Deer Park Assessed Value
$142,368
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 Deer Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99006 | $68,791 | $114,312 | $142,368 | $211,229 | $357,406 |
Source: Ownwell
Property Tax Bills Across Deer Park, Washington
In Deer Park, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Pend Oreille County. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Deer Park can expect a median property tax rate that aligns closely with the national average of 0.99%. Several factors influence the final tax bill, including property improvements, neighborhood values, and local government budgets. For example, a home with a median price of $142,368 would see a tax bill ranging from $761 at the 25th percentile to $1807 at the 75th percentile. At the higher end, the 90th percentile tax bill can reach up to $3627. These tax bills directly impact homeowners by influencing their annual financial planning and the affordability of homeownership. With the highest and lowest median tax bills both at $1157 in the 99006 zip code, Deer Park residents can anticipate relatively predictable property tax expenses.
Average Deer Park Tax Bill
$1,157
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 Deer Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99006 | $463 | $761 | $1,157 | $1,807 | $3,627 |
Source: Ownwell