Greenacres, Washington Property Taxes
The median property tax rate in Greenacres, WA is 0.92%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $602,600 in Greenacres, the typical annual property tax bill reaches $5,569, far exceeding the national median of $2,690. Property taxes in Greenacres are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Greenacres' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Greenacres or another part of Spokane County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenacres, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Greenacres, Washington Tax Savings
Ownwell’s Greenacres Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenacres with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenacres to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Greenacres. 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 Greenacres, Washington
Property taxes in Greenacres, Washington, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Greenacres is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Greenacres set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenacres 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 Greenacres' effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 99016 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Greenacres provides valuable insights into the varying tax landscape across Spokane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenacres Tax Rate
0.92%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenacres, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99016 | 0.84% | 0.88% | 0.92% | 0.97% | 1.01% |
Source: Ownwell
$1,148
Average Greenacres Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Greenacres, Washington
In Greenacres, 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 Spokane 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 Greenacres, 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. Tax bills in Greenacres can vary significantly, with the highest median tax bill being $5,569 in zip code 99016. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greenacres Assessed Value
$602,600
Average Spokane County Assessed Value
$369,800
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenacres, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99016 | $377,760 | $482,400 | $602,600 | $737,600 | $897,960 |
Source: Ownwell
$1,148
Average Greenacres Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Greenacres, Washington
In Greenacres, Spokane County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For instance, with a median home price of $602,600, homeowners can expect their tax bills to range from $4,549 at the 25th percentile to $8,006 at the 90th percentile. Factors such as property improvements, neighborhood developments, and market conditions can influence this assessed value, affecting your overall tax liability. Homeowners in Greenacres often face property tax bills higher than the national median property tax rate of 0.99%. This can be a significant financial burden. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to market conditions, Ownwell can identify discrepancies and file appeals on your behalf. This potentially lowers your tax bill, ensuring you only pay your fair share.
Average Greenacres Tax Bill
$5,569
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenacres, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99016 | $3,485 | $4,549 | $5,569 | $6,629 | $8,006 |
Source: Ownwell
$1,148
Average Greenacres Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Spokane Tax Assessor | |
| Phone | (509) 477-3698 |
| Website | cp.spokanecounty.org |
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