Nine Mile Falls, Washington Property Taxes
The median property tax rate in Nine Mile Falls, WA is 1.16%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Nine Mile Falls, the typical annual property tax bill reaches $3,485, exceeding the national median of $2,690. Property taxes in Nine Mile Falls are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nine Mile Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Nine Mile Falls or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nine Mile Falls, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s NINE MILE FALLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NINE MILE FALLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NINE MILE FALLS 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 Nine Mile Falls, Washington
Property taxes in Nine Mile Falls, Washington, are critical for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nine Mile Falls is 1.16%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Nine Mile Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nine Mile Falls 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 Nine Mile Falls' effective property tax rate to other areas in Stevens County and the national median. For comparison, the zip code 99026 has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Nine Mile Falls provides valuable insights into the varying tax landscape across Stevens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nine Mile Falls Tax Rate
1.16%
Average Stevens County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nine Mile Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99026 | 0.94% | 1.05% | 1.16% | 1.28% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Nine Mile Falls, Washington
In Nine Mile Falls, 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 Stevens 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 Nine Mile Falls, 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 Nine Mile Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Nine Mile Falls is $3,485, with the highest and lowest median tax bills both found in the 99026 zip code.
Property Tax Assessment Values Across Nine Mile Falls, Washington
Source: Ownwell
$71,626
$181,244
$290,862
Average Nine Mile Falls Assessed Value
$290,862
Average Stevens County Assessed Value
$158,721
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nine Mile Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99026 | $148,677 | $226,010 | $290,862 | $387,000 | $476,238 |
Source: Ownwell
Property Tax Bills Across Nine Mile Falls, Washington
In NINE MILE FALLS, located in Stevens County, WA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in NINE MILE FALLS, the median home price is $290,862. Property tax bills can vary significantly, with the 25th percentile at $2,682 and the 75th percentile at $4,439. For those in the 90th percentile, tax bills can reach up to $5,471. The highest and lowest median tax bills in the area are both $3,485, indicating a consistent tax rate across the region. These taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners need to be aware of their property’s assessed value and the corresponding tax rate to budget effectively and ensure they are not overpaying.
Average Nine Mile Falls Tax Bill
$3,485
Average Stevens County Tax Bill
$1,378
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Nine Mile Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99026 | $1,385 | $2,682 | $3,485 | $4,439 | $5,471 |
Source: Ownwell