Valleyford, Washington Property Taxes
The median property tax rate in Valleyford, WA is 0.98%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Valleyford at $545,500, the typical annual property tax bill reaches $5,212, significantly surpassing the national median of $2,690. Property taxes in Valleyford are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Valleyford'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 Valleyford or another part of Spokane County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valleyford, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Valleyford, Washington Tax Savings
Ownwell’s Valleyford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valleyford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valleyford 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 Valleyford. 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 Valleyford, Washington
Property taxes in Valleyford, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valleyford is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Valleyford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valleyford 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 Valleyford's effective property tax rate to other areas in Spokane County and the national median. For comparison, the 99036 zip code has the highest median property tax rate of 0.98%, while the 99203 zip code has the lowest median tax rate of 0.69%. Understanding how these areas compare with Valleyford 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 Valleyford Tax Rate
0.98%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valleyford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99036 | 0.77% | 0.92% | 0.98% | 0.99% | 1.01% |
| 99203 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
$1,148
Average Valleyford Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Valleyford, Washington
In Valleyford, 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 Spokane County 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 Valleyford, 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 Valleyford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,227 in the 99036 zip code, while the lowest is $2,258 in the 99203 zip code.
Average Valleyford Assessed Value
$545,500
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 Valleyford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99036 | $260,831 | $366,775 | $548,235 | $739,705 | $886,157 |
| 99203 | $325,040 | $325,040 | $325,040 | $325,040 | $325,040 |
Source: Ownwell
$1,148
Average Valleyford Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Valleyford, Washington
In Valleyford, located in Spokane County, WA, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $545,500, homeowners in Valleyford can expect varying tax bills depending on their specific property assessments and applicable exemptions. The tax bills in this area range significantly, with the 25th percentile at $3,224 and the 75th percentile at $7,017, reaching up to $8,659 at the 90th percentile. Homeowners in Valleyford may find their tax bills higher than the national median property tax rate of 0.99%. Ownwell can assist homeowners in reducing their property tax bills by identifying potential errors in the assessed value and applying for relevant exemptions. By leveraging professional expertise and local knowledge, Ownwell ensures homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Valleyford Tax Bill
$5,212
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Valleyford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99036 | $1,753 | $3,248 | $5,227 | $7,020 | $8,676 |
| 99203 | $2,258 | $2,258 | $2,258 | $2,258 | $2,258 |
Source: Ownwell
$1,148
Average Valleyford 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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