Otis Orchards, Washington Property Taxes
The median property tax rate in Otis Orchards, WA is 0.97%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $414,950, the typical annual property tax bill in Otis Orchards is around $3,972, surpassing the national median of $2,690. Property taxes in Otis Orchards are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Otis Orchards' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Otis Orchards or another part of Spokane County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Otis Orchards, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$4,025
$3,932
$1,148
Average Otis Orchards, Washington Tax Savings
Ownwell’s Otis Orchards Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Otis Orchards with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Otis Orchards 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 Otis Orchards. 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 Otis Orchards, Washington
Property taxes in Otis Orchards, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Otis Orchards is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Otis Orchards set these rates annually, and they can vary significantly across different neighborhoods. Each year, Otis Orchards 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 Otis Orchards' effective property tax rate to other areas in Spokane County and the national median. For comparison, the 99027 zip code has a median property tax rate of 0.97%, which aligns with Otis Orchards. Understanding how these areas compare with Otis Orchards 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 Otis Orchards Tax Rate
0.97%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Otis Orchards, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99027 | 0.79% | 0.94% | 0.97% | 0.99% | 1.01% |
Source: Ownwell
$1,148
Average Otis Orchards Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Otis Orchards, Washington
In Otis Orchards, 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’s Office 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 Otis Orchards, 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 Otis Orchards 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 $3,972, concentrated in the 99027 zip code.
Property Tax Assessment Values Across Otis Orchards, Washington
Source: Ownwell
$6,800
$497,053
$987,305
Average Otis Orchards Assessed Value
$414,950
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 Otis Orchards, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99027 | $226,020 | $326,650 | $414,950 | $535,620 | $698,755 |
Source: Ownwell
$1,148
Average Otis Orchards Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Otis Orchards, Washington
In Otis Orchards, Spokane County, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $414,950, homeowners can expect a tax bill ranging from $3,080 at the 25th percentile to $6,698 at the 90th percentile. The local tax rate in Otis Orchards is higher than the national median property tax rate of 0.99%, resulting in significant tax bills for homeowners. Various factors influence the tax bill, including the property's market value, local levies, and specific exemptions. High property taxes can strain homeowners' finances, making it essential to explore potential savings. Ownwell assists homeowners by appealing their property assessments and securing exemptions, potentially reducing their tax burden. By leveraging expert knowledge and local data, Ownwell ensures that homeowners in Otis Orchards pay only their fair share, helping them save money on their property tax bills.
Average Otis Orchards Tax Bill
$3,972
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Otis Orchards, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99027 | $983 | $3,080 | $3,972 | $5,121 | $6,698 |
Source: Ownwell
$1,148
Average Otis Orchards 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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