Colville, Washington Property Taxes
The median property tax rate in Colville, WA is 0.82%, 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 Colville at $161,020, the typical annual property tax bill amounts to $1,319, significantly below the national median of $2,690. Property taxes in Colville 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 Colville'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 Colville or another part of Stevens County, understanding 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
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,320
$1,290
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 Stevens County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Colville, Washington
Property taxes in Colville, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colville is 0.82%, slightly 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 areas in Stevens County and the national median. For comparison, the 99114 zip code has the median property tax rate of 0.82%. Understanding how these cities compare with Colville provides valuable insights into the varying tax landscape across Stevens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colville Tax Rate
0.82%
Average Stevens County Tax Rate
0.88%
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 | 0.66% | 0.75% | 0.82% | 0.89% | 0.96% |
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 Stevens 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. The zip code 99114 has both the highest and lowest median tax bill at $1,319, providing a clear benchmark for local property tax expectations.
Average Colville Assessed Value
$161,020
Average Stevens County Assessed Value
$158,721
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 | $46,386 | $102,421 | $161,020 | $233,260 | $311,286 |
Source: Ownwell
Property Tax Bills Across Colville, Washington
In Colville, Stevens County, WA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The county assessor determines the assessed value, which is a percentage of the market value. For homeowners in Colville, the median home price is $161,020. The local property tax rate is applied to this assessed value to determine your annual tax bill. Several factors influence your property tax bill, including changes in the market value of your home, local tax levies, and exemptions you may qualify for. For instance, homeowners in the 25th percentile pay around $722 annually, while those in the 75th percentile face bills of about $1,935. The 90th percentile sees tax bills as high as $2,581. These property taxes significantly impact homeowners, affecting monthly mortgage payments and overall affordability. Compared to the national median property tax rate of 0.99%, Colville's rates can be considered relatively moderate, but they still represent a substantial expense for property owners.
Average Colville Tax Bill
$1,319
Average Stevens County Tax Bill
$1,378
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 | $271 | $722 | $1,319 | $1,935 | $2,581 |
Source: Ownwell