Waverly, Washington Property Taxes
The median property tax rate in Waverly, WA is 0.83%, which is slightly lower than the state median of 0.88% and below the national median of 0.99%. With a median home value of $131,700 in Waverly, the typical annual property tax bill is $1,111, significantly less than the national median of $2,690. Property taxes in Waverly are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Waverly'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 Waverly or another part of Spokane County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waverly, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,093
$1,068
$1,148
Average Waverly, Washington Tax Savings
Ownwell’s Waverly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waverly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waverly 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 Waverly. 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 Waverly, Washington
Property taxes in Waverly, Washington, are critical in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waverly is 1.2%, higher than the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Waverly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waverly 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 Waverly's effective property tax rate to other counties in Washington and the national median. For comparison, the 99039 zip code has the highest median property tax rate of 1.2%, while the same zip code also has the lowest median tax rate of 1.2%. Understanding how these areas compare with Waverly 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 Waverly Tax Rate
0.83%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waverly, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99039 | 0.71% | 0.78% | 0.83% | 0.86% | 0.92% |
Source: Ownwell
$1,148
Average Waverly Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Waverly, Washington
In Waverly, 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's Office 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 Waverly, 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. For instance, the median home price in Waverly is $131,700, with tax bills ranging from $821 at the 25th percentile to $1,493 at the 75th percentile, and up to $1,802 at the 90th percentile. The highest and lowest median tax bills are both $1,111 in the 99039 zip code. By understanding 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 Waverly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waverly Assessed Value
$131,700
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 Waverly, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99039 | $67,440 | $108,500 | $131,700 | $182,650 | $212,980 |
Source: Ownwell
$1,148
Average Waverly Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Waverly, Washington
In Waverly, Spokane County, WA, property tax bills are calculated based on the assessed value of a home, not its market value. The median home price in Waverly is $131,700, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Waverly typically see tax bills ranging from $821 at the 25th percentile to $1,802 at the 90th percentile. This range reflects the variability in property values and the differing tax rates applied. Ownwell can help homeowners in Waverly save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly analyzing property assessments and identifying discrepancies or overvaluations, Ownwell ensures that homeowners are not overpaying. This professional assistance can significantly reduce tax liabilities, offering peace of mind and financial relief to homeowners. With Ownwell's expertise, navigating the complexities of property tax assessments becomes a stress-free experience.
Average Waverly Tax Bill
$1,111
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Waverly, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99039 | $262 | $821 | $1,111 | $1,493 | $1,802 |
Source: Ownwell
$1,148
Average Waverly 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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