Northport, Washington Property Taxes
The median property tax rate in Northport, WA is 0.85%, slightly lower than the state median of 0.88% and the national median of 0.99%. With the median home value in Northport at $98,710, the typical annual property tax bill amounts to $803, significantly less than the national median of $2,690. Property taxes in Northport are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Northport'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 Northport or another part of Stevens County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Northport, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$839
$820
Ownwell’s Northport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northport 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 Northport, Washington
Property taxes in Northport, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Northport is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Northport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northport 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 Northport's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 99157 has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Northport 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 Northport Tax Rate
0.85%
Average Stevens County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99157 | 0.29% | 0.79% | 0.85% | 0.96% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Northport, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Northport, Washington. 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 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 Northport, 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 Northport 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 $803.00, found in zip code 99157.
Average Northport Assessed Value
$98,710
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 Northport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99157 | $31,707 | $52,453 | $98,710 | $203,445 | $333,592 |
Source: Ownwell
Property Tax Bills Across Northport, Washington
In Northport, Stevens County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $98,710, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is $381, while the 75th percentile reaches $1,715, and the 90th percentile can go up to $2,882. These figures illustrate the range of potential tax liabilities, depending on the specific valuation and applicable exemptions. Compared to the national median property tax rate of 0.99%, Northport's tax rates can impact homeowners differently based on their property's assessed value. This variability in tax bills underscores the importance of understanding local property tax regulations and seeking potential exemptions to manage costs effectively.
Average Northport Tax Bill
$803
Average Stevens County Tax Bill
$1,378
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Northport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99157 | $86 | $381 | $803 | $1,715 | $2,882 |
Source: Ownwell