Davenport, Washington Property Taxes
The median property tax rate in Davenport, WA is 1.10%, which is considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Davenport, the typical annual property tax bill reaches $1,667, falling below the national median of $2,690. Property taxes in Davenport 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 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
1.1%
Estimate Property Tax Bill
$1,880
$1,744
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, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davenport is 1.10%, significantly higher 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 both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Davenport 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 Davenport Tax Rate
1.10%
Average Lincoln County Tax Rate
1.10%
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 | 0.79% | 0.84% | 1.10% | 1.17% | 1.21% |
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 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 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 highest and lowest median tax bills in the area are both $1,667, found in the 99122 zip code.
Average Davenport Assessed Value
$170,890
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 Davenport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99122 | $35,000 | $80,000 | $170,890 | $259,522 | $344,147 |
Source: Ownwell
Property Tax Bills Across Davenport, Washington
In Davenport, located in Lincoln County, WA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in Davenport is $170,890. Homeowners in the 25th percentile can expect a tax bill around $636, whereas those in the 75th percentile might see a bill closer to $2,704. The highest median tax bill in the area is $1,667, found in the zip code 99122. These property tax bills can significantly impact homeowners, influencing their monthly budgets and overall financial planning. Compared to the national median property tax rate of 0.99%, Davenport’s property tax rates provide a point of comparison for understanding local tax obligations. Homeowners should be aware of these factors to better manage their expenses and anticipate changes in their property tax bills.
Average Davenport Tax Bill
$1,667
Average Lincoln County Tax Bill
$618
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 | $278 | $636 | $1,667 | $2,704 | $3,758 |
Source: Ownwell