Sprague, Washington Property Taxes
The median property tax rate in Sprague, WA is 1.25%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Sprague at $179,250, the typical annual property tax bill reaches $2,249, which is below the national median of $2,690. Property taxes in Sprague 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 Sprague's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sprague 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
Sprague, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,241
$2,189
Ownwell’s Sprague Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sprague with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sprague 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 Sprague, Washington
Property taxes in Sprague, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sprague is 0.96%, slightly lower than the Washington state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Sprague set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sprague 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 Sprague's effective property tax rate to other counties in Washington and the national median. For comparison, the 99032 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Sprague provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sprague Tax Rate
1.25%
Average Adams County Tax Rate
1.18%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sprague, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99032 | 0.90% | 1.25% | 1.25% | 1.26% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Sprague, Washington
In Sprague, 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 Adams 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 Sprague, 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. For example, the zip code 99032 has the highest median tax bill at $2,249. Being aware of these valuation processes in Sprague helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sprague Assessed Value
$179,250
Average Adams County Assessed Value
$142,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sprague, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99032 | $70,630 | $118,225 | $179,250 | $201,750 | $209,820 |
Source: Ownwell
Property Tax Bills Across Sprague, Washington
Property tax bills in Sprague, located in Adams County, WA, are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and reflects the property's market value. Several factors contribute to the final tax bill, including the property's location, size, and improvements, as well as the local tax rate set by various taxing authorities such as school districts, municipalities, and special districts. Homeowners in Sprague experience a range of property tax bills. For example, the 25th percentile tax bill is $1,377, while the 75th percentile reaches $2,518, and the 90th percentile is $2,618. These figures illustrate the variability in tax burdens depending on the property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Sprague's tax rates can significantly impact homeowners' annual expenses. Understanding these factors and how they influence property tax bills is crucial for homeowners to manage their finances effectively.
Average Sprague Tax Bill
$2,249
Average Adams County Tax Bill
$1,715
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sprague, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99032 | $433 | $1,377 | $2,249 | $2,518 | $2,618 |
Source: Ownwell