Almira, Washington Property Taxes
The median property tax rate in Almira, WA is 0.78%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Almira at $66,120, the typical annual property tax bill amounts to $463, significantly less than the national median of $2,690. Property taxes in Almira are determined based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Almira's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in considerable annual savings. Whether you reside in the heart of Almira or another part of Lincoln County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Almira, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$516
$479
Ownwell’s Almira Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Almira with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Almira 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 Almira, Washington
Property taxes in Almira, Washington, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Almira is 0.78%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Almira set these rates annually, and they can vary significantly across different neighborhoods. Each year, Almira 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 Almira's effective property tax rate to other counties in Washington and the national median. For comparison, the 99103 zip code has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Almira provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Almira Tax Rate
0.78%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Almira, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99103 | 0.74% | 0.77% | 0.78% | 0.78% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Almira, Washington
In Almira, 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 Lincoln County Assessor's Office 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 Almira, 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 Almira helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99103, for example, has both the highest and lowest median tax bill at $463.
Average Almira Assessed Value
$66,120
Average Lincoln County Assessed Value
$68,575
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Almira, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99103 | $15,070 | $36,670 | $66,120 | $120,280 | $179,400 |
Source: Ownwell
Property Tax Bills Across Almira, Washington
Property tax bills in Almira, located in Lincoln County, WA, are calculated based on the assessed value of a property and the local tax rate. The median home price in Almira is $66,120. Homeowners can expect their property tax bills to vary significantly depending on the assessed value of their homes. For instance, the tax bill at the 25th percentile is around $240, while at the 75th percentile, it reaches approximately $906. Those at the 90th percentile may see tax bills as high as $1,417. The tax rate in Almira is influenced by local government budgets and the needs of the community, which means it can fluctuate. Compared to the national median property tax rate of 0.99%, Almira’s property taxes can be relatively moderate or high, depending on the assessed value of the home. These taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the area.
Average Almira Tax Bill
$463
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Almira, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99103 | $66 | $240 | $463 | $906 | $1,417 |
Source: Ownwell