Ione, Washington Property Taxes
The median property tax rate in Ione, WA is 0.82%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Ione, the typical annual property tax bill amounts to $907, significantly below the national median of $2,690. Property taxes in Ione are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Ione'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 Ione or another part of Pend Oreille County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ione, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$957
$935
Ownwell’s Ione Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ione with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ione 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 Ione, Washington
Property taxes in Ione, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ione 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 Ione set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ione 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 Ione's effective property tax rate to other areas in Washington and the national median. For comparison, the 99139 zip code has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Ione 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 Ione 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 Ione, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99139 | 0.43% | 0.81% | 0.82% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Ione, Washington
In Ione, 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 Ione, 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 Ione helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 99139, with a median bill of $907, which is consistent across the area.
Average Ione Assessed Value
$116,708
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 Ione, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99139 | $41,862 | $66,993 | $116,708 | $204,068 | $333,071 |
Source: Ownwell
Property Tax Bills Across Ione, Washington
In Ione, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Ione, the median home price is $116,708. Property tax rates in the area are influenced by local government budgets and voter-approved measures. The tax bill can vary significantly. For instance, the 25th percentile tax bill is around $470, while the 75th percentile reaches $1,601, and the 90th percentile can be as high as $2,712. These figures highlight the range of property tax burdens homeowners might face. The highest and lowest median tax bills in the area both stand at $907, indicating some consistency in tax assessments within the zip code 99139. Compared to the national median property tax rate of 0.99%, homeowners in Ione experience a varied impact on their finances, depending on their property's assessed value and the specific tax rate applied.
Average Ione Tax Bill
$907
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 Ione, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99139 | $237 | $470 | $907 | $1,601 | $2,712 |
Source: Ownwell