Davenport, Washington Property Taxes
The median property tax rate in Davenport, WA is 0.92%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Davenport at $73,493, the typical annual property tax bill is $1,098, which is below the national median of $2,690. Property taxes in Davenport 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 Davenport'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 Davenport 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
Davenport, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$676
$661
Ownwell’s Davenport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davenport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davenport 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 Davenport, Washington
Property taxes in Davenport, WA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davenport is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Davenport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davenport 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 Davenport's effective property tax rate to other counties in Washington and the national median. For comparison, the 99122 zip code has the highest median property tax rate of 0.92%, while the 99122 zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Davenport 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 Davenport Tax Rate
0.92%
Average Stevens County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davenport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99122 | 0.86% | 0.89% | 0.92% | 1.24% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Davenport, Washington
In Davenport, 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 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 Davenport, 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 Davenport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 99122, with a median bill of $1,098, while the lowest median tax bill is also in the same zip code at $1,098.
Average Davenport Assessed Value
$73,493
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 Davenport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99122 | $40,885 | $57,232 | $73,493 | $123,597 | $238,705 |
Source: Ownwell
Property Tax Bills Across Davenport, Washington
In Davenport, Stevens County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price here is $73,493. Property tax rates are applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For a typical homeowner, tax bills range significantly, with the 25th percentile at $678 and the 75th percentile at $1,149. The 90th percentile tax bill can reach up to $2,046, illustrating the variability based on property specifics. Comparing this to the national median property tax rate of 0.99%, Davenport's property taxes can be seen as relatively moderate. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life and property values in the area. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Davenport Tax Bill
$1,098
Average Stevens County Tax Bill
$1,378
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Davenport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99122 | $494 | $678 | $1,098 | $1,149 | $2,046 |
Source: Ownwell