Post Falls, Washington Property Taxes
The median property tax rate in Post Falls, WA is 0.79%, 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 $167,600 in Post Falls, the typical annual property tax bill amounts to $1,331, significantly less than the national median of $2,690. Property taxes in Post Falls are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Post Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Post Falls or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Post Falls, 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 Post Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Post Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Post Falls 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 Post Falls, Washington
Property taxes in Post Falls, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Post Falls is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Post Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Post Falls 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 Post Falls' effective property tax rate to other counties in Washington and the national median. For comparison, the 83854 zip code in Post Falls has a median property tax rate of 0.79%. Understanding how these areas compare with Post Falls 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 Post Falls Tax Rate
0.79%
Average Ferry County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Post Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83854 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Post Falls, Washington
In Post Falls, 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 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 Post Falls, 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 Post Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,331, specifically in the 83854 zip code.
Average Post Falls Assessed Value
$167,600
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 Post Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83854 | $167,600 | $167,600 | $167,600 | $167,600 | $167,600 |
Source: Ownwell
Property Tax Bills Across Post Falls, Washington
In Post Falls, located in Ferry County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. For instance, with a median home price of $167,600, the corresponding property tax bill is typically around $1,331. This figure is consistent across various percentiles, indicating a stable tax environment in the region. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Post Falls experience property tax rates that are relatively close to the national median rate of 0.99%. This consistent tax bill can provide a sense of predictability and stability for homeowners, making it easier to budget for annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Post Falls Tax Bill
$1,331
Average Ferry County Tax Bill
$850
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Post Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83854 | $1,331 | $1,331 | $1,331 | $1,331 | $1,331 |
Source: Ownwell