Kettle Falls, Washington Property Taxes
The median property tax rate in Kettle Falls, WA is 0.92%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Kettle Falls at $159,700, the typical annual property tax bill reaches $1,331, which is below the national median of $2,690. Property taxes in Kettle Falls are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kettle 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 Kettle 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
Kettle Falls, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,469
$1,435
Ownwell’s Kettle Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kettle Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kettle 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 Kettle Falls, Washington
Property taxes in Kettle Falls, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kettle Falls is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Kettle Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kettle 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 Kettle Falls' effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 99141 has the median property tax rate of 0.92%, which is consistent across the city. Understanding how these cities compare with Kettle Falls provides valuable insights into the varying tax landscape across Ferry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kettle Falls Tax Rate
0.92%
Average Ferry County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kettle Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99141 | 0.72% | 0.78% | 0.92% | 0.93% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Kettle Falls, Washington
In Kettle 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 local 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 Kettle 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 Kettle Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99141 has the median tax bill of $1,331, which is the highest and lowest in the area.
Property Tax Assessment Values Across Kettle Falls, Washington
Source: Ownwell
$40,500
$104,050
$167,600
Average Kettle Falls Assessed Value
$159,700
Average Ferry County Assessed Value
$101,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kettle Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99141 | $35,370 | $82,400 | $159,700 | $248,725 | $351,110 |
Source: Ownwell
Property Tax Bills Across Kettle Falls, Washington
In Kettle Falls, located in Ferry County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $159,700. To determine the tax bill, the assessed value is multiplied by the local property tax rate, which varies by jurisdiction. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. For homeowners in Kettle Falls, the 25th percentile tax bill is approximately $641, while the 75th percentile tax bill reaches around $2,194. At the 90th percentile, homeowners can expect to pay up to $3,061. These figures highlight the range of property tax burdens within the area. Compared to the national median property tax rate of 0.99%, Kettle Falls offers a competitive landscape for property taxes. This can significantly affect homeowners, influencing their overall housing costs and financial planning. Understanding these factors is crucial for residents to anticipate their annual property tax obligations accurately.
Average Kettle Falls Tax Bill
$1,331
Average Ferry County Tax Bill
$850
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kettle Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99141 | $255 | $641 | $1,331 | $2,194 | $3,061 |
Source: Ownwell