Cheney, Washington Property Taxes
The median property tax rate in Cheney, WA is 1.13%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Cheney at $101,270, the typical annual property tax bill reaches $1,357, exceeding the national median of $2,690. Property taxes in Cheney are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cheney'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 Cheney or another part of Whitman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cheney, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,144
$1,118
Ownwell’s Cheney Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cheney with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cheney to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed decisions. For those interested in deeper insights, scroll down to explore trends on a neighborhood level. Your property’s assessed value is determined by Whitman County for tax purposes, with any applicable exemptions factored in.
Property Tax Rates Across Cheney, Washington
Property taxes in Cheney, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cheney is 1.13%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Cheney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cheney 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 Cheney's effective property tax rate to other counties in Washington and the national median. For comparison, the 99004 zip code has the highest median property tax rate of 1.13%, while the 99004 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Cheney provides valuable insights into the varying tax landscape across Whitman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cheney Tax Rate
1.13%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cheney, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99004 | 0.62% | 0.90% | 1.13% | 1.24% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Cheney, Washington
In Cheney, 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 Whitman 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 Cheney, 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 Cheney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99004 in Cheney has both the highest and lowest median tax bill, valued at $1,357.
Average Cheney Assessed Value
$101,270
Average Whitman County Assessed Value
$117,153
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cheney, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99004 | $6,500 | $18,000 | $101,270 | $256,121 | $539,143 |
Source: Ownwell
Property Tax Bills Across Cheney, Washington
In Cheney, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the Whitman County Assessor. The assessed value is a percentage of the market value of the property. Homeowners in Cheney can expect a median property tax bill of $1,357, which falls within the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and local tax rates. For instance, homeowners at the 25th percentile pay around $75, while those at the 75th percentile face a tax bill of approximately $3,115. At the 90th percentile, the tax bill can go up to $5,310. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Cheney. Understanding how these factors interplay can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Cheney Tax Bill
$1,357
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Cheney, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99004 | $6 | $75 | $1,357 | $3,115 | $5,310 |
Source: Ownwell