Laurier, Washington Property Taxes
The median property tax rate in Laurier, WA is 0.74%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $157,650 in Laurier, the typical annual property tax bill amounts to $1,034, significantly below the national median of $2,690. Property taxes in Laurier are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Laurier'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 Laurier or another part of Ferry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laurier, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Laurier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laurier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laurier 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 Laurier, Washington
Property taxes in Laurier, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laurier is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Laurier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laurier 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 Laurier's effective property tax rate to other counties in Washington and the national median. For comparison, the 99146 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Laurier provides valuable insights into the varying tax landscape across Ferry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laurier Tax Rate
0.74%
Average Ferry County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laurier, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99146 | 0.55% | 0.73% | 0.74% | 0.76% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Laurier, Washington
In Laurier, 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 Ferry 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 Laurier, 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 Laurier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Laurier, zip code 99146 has the highest and lowest median tax bill, both at $1,034.
Average Laurier Assessed Value
$157,650
Average Ferry County Assessed Value
$101,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laurier, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99146 | $45,390 | $72,250 | $157,650 | $237,175 | $416,290 |
Source: Ownwell
Property Tax Bills Across Laurier, Washington
In Laurier, located in Ferry County, WA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Laurier is $157,650. Tax bills in this area can vary significantly, with the 25th percentile paying around $506, while the 75th percentile sees bills closer to $1,707. At the higher end, the 90th percentile of homeowners may face tax bills up to $3,053. Several factors influence the tax bill, including the assessed value of the property and any applicable exemptions or deductions. Homeowners in Laurier experience a range of tax burdens, reflecting the diverse property values within the city. For comparison, the national median property tax rate is 0.99%, which provides a benchmark for evaluating local tax rates. Understanding these factors is crucial for homeowners as it directly impacts their annual financial planning and the affordability of maintaining their property.
Average Laurier Tax Bill
$1,034
Average Ferry County Tax Bill
$850
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Laurier, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99146 | $356 | $506 | $1,034 | $1,707 | $3,053 |
Source: Ownwell