Deer Meadows, Washington Property Taxes
The median property tax rate in Deer Meadows, WA is 0.83%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $78,000 in Deer Meadows, the typical annual property tax bill is $657, significantly less than the national median of $2,690. Property taxes in Deer Meadows are calculated based on the assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Deer Meadows' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Deer Meadows or another part of Lincoln County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deer Meadows, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$647
$601
Ownwell’s Deer Meadows Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer Meadows with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer Meadows 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 Deer Meadows, Washington
Property taxes in Deer Meadows, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer Meadows is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Deer Meadows set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deer Meadows 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 Deer Meadows' effective property tax rate to other counties in Washington and the national median. For comparison, the 99122 zip code has the highest median property tax rate of 0.83%, while the 99122 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Deer Meadows 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 Deer Meadows Tax Rate
0.83%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer Meadows, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99122 | 0.79% | 0.79% | 0.83% | 0.88% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Deer Meadows, Washington
In Deer Meadows, 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 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 Deer Meadows, 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. The median home price in Deer Meadows is $78,000, with tax bills ranging from $354 at the 25th percentile to $2,393 at the 90th percentile. The zip code 99122 has the highest and lowest median tax bill at $657. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Deer Meadows, Washington
Source: Ownwell
$16,180
$120,030
$223,880
Average Deer Meadows Assessed Value
$78,000
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 Deer Meadows, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99122 | $26,000 | $40,000 | $78,000 | $197,780 | $307,630 |
Source: Ownwell
Property Tax Bills Across Deer Meadows, Washington
In Deer Meadows, WA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value, determined by the county assessor, reflects the market value of your property. For a median home price of $78,000, homeowners in Deer Meadows can expect their property tax bills to vary widely. For example, the 25th percentile tax bill is $354, while the 75th percentile tax bill reaches $1,536. At the higher end, the 90th percentile tax bill is $2,393. These tax bills are influenced by various factors, including property improvements, neighborhood developments, and local government budgets. Compared to the national median property tax rate of 0.99%, homeowners in Deer Meadows experience a range of tax burdens, which can significantly impact their annual financial planning. Whether you are at the lower or higher end of the tax spectrum, understanding how these factors affect your tax bill is crucial for effective property management and financial planning.
Average Deer Meadows Tax Bill
$657
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer Meadows, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99122 | $273 | $354 | $657 | $1,536 | $2,393 |
Source: Ownwell