Deer Park, Washington Property Taxes
The median property tax rate in Deer Park, WA is 0.81%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Deer Park at $387,420, the typical annual property tax bill reaches $3,054, surpassing the national median of $2,690. Property taxes in Deer Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Deer Park'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 Deer Park 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
Deer Park, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$3,138
$3,065
$1,148
Average Deer Park, Washington Tax Savings
Ownwell’s Deer Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer Park to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Deer Park. 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 Deer Park, Washington
Property taxes in Deer Park, Washington, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Park is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Deer Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Park 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 Deer Park's effective property tax rate to other areas in Washington and the national median. For comparison, the 99006 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these areas compare with Deer Park provides valuable insights into the varying tax landscape across Spokane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deer Park Tax Rate
0.81%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99006 | 0.59% | 0.75% | 0.81% | 0.86% | 0.89% |
Source: Ownwell
$1,148
Average Deer Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Deer Park, Washington
In Deer Park, 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 Spokane 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 Deer Park, 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 Deer Park 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 the area are both $3,054, found in the 99006 zip code.
Average Deer Park Assessed Value
$387,420
Average Spokane County Assessed Value
$369,800
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deer Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99006 | $168,900 | $277,500 | $387,420 | $512,230 | $661,100 |
Source: Ownwell
$1,148
Average Deer Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Deer Park, Washington
In Deer Park, Spokane County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $387,420, homeowners can expect a wide range in tax bills, from the 25th percentile at $2,013 to the 75th percentile at $4,115, and even up to the 90th percentile at $5,347. These figures highlight the significant impact property taxes can have on household finances. Ownwell helps homeowners in Deer Park by providing expert property tax appeal and exemption services. Our team reviews your property's assessed value and identifies opportunities to contest over-assessments, potentially lowering your tax bill. With the highest median tax bill in the area being $3,054, our services can lead to substantial savings, ensuring you only pay your fair share. Let Ownwell's expertise work for you, maximizing your savings and minimizing your property tax burden.
Average Deer Park Tax Bill
$3,054
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer Park, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99006 | $757 | $2,013 | $3,054 | $4,115 | $5,347 |
Source: Ownwell
$1,148
Average Deer Park Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Spokane Tax Assessor | |
| Phone | (509) 477-3698 |
| Website | cp.spokanecounty.org |
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