Colville, Washington Property Taxes
The median property tax rate in Colville, WA is 0.88%, aligning with the state median but lower than the national median of 0.99%. With a median home value of $40,770 in Colville, the typical annual property tax bill amounts to $356, significantly below the national median of $2,690. Property taxes in Colville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Colville'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 Colville or another part of Pend Oreille County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Colville, 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 Colville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colville 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 Colville, Washington
Property taxes in Colville, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colville is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Colville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colville 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 Colville's effective property tax rate to other counties in Washington and the national median. For comparison, the 99114 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Colville provides valuable insights into the varying tax landscape across Pend Oreille County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colville Tax Rate
0.88%
Average Pend Oreille County Tax Rate
0.87%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99114 | 0.86% | 0.87% | 0.88% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Colville, Washington
In Colville, 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 Pend Oreille 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 Colville, 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 Colville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Colville are both $356, occurring in the 99114 zip code.
Average Colville Assessed Value
$40,770
Average Pend Oreille County Assessed Value
$181,614
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99114 | $30,738 | $34,500 | $40,770 | $47,040 | $50,802 |
Source: Ownwell
Property Tax Bills Across Colville, Washington
In Colville, located in Pend Oreille 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 Colville is $40,770, which is significantly lower than the national median. The tax rate is applied to this assessed value to determine the annual tax bill. For example, the 25th percentile tax bill is $305, while the 75th percentile tax bill is $407. Homeowners in the 90th percentile can expect to pay around $438. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Lower property values in Colville result in relatively modest tax bills compared to the national median property tax rate of 0.99%, making homeownership more affordable for residents.
Average Colville Tax Bill
$356
Average Pend Oreille County Tax Bill
$1,429
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Colville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99114 | $274 | $305 | $356 | $407 | $438 |
Source: Ownwell