Edwall, Washington Property Taxes
The median property tax rate in Edwall, WA is 0.97%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Edwall at $123,520, the typical annual property tax bill reaches $1,129, which is lower than the national median of $2,690. Property taxes in Edwall are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Edwall'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 Edwall or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edwall, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,198
$1,170
Ownwell’s Edwall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edwall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edwall 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 Edwall, Washington
Property taxes in Edwall, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edwall is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Edwall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edwall 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 Edwall's effective property tax rate to other areas in Lincoln County and the national median. For comparison, the zip code 99008 has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Edwall 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 Edwall Tax Rate
0.97%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edwall, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99008 | 0.95% | 0.96% | 0.97% | 0.99% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Edwall, Washington
In Edwall, 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 Edwall, 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 Edwall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Edwall are both $1,129 in the 99008 zip code, reflecting the uniformity in tax assessments within the area.
Average Edwall Assessed Value
$123,520
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 Edwall, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99008 | $9,000 | $64,115 | $123,520 | $189,990 | $279,138 |
Source: Ownwell
Property Tax Bills Across Edwall, Washington
In Edwall, located in Lincoln County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Edwall is $123,520. Given the national median property tax rate of 0.99%, homeowners in Edwall can expect their tax bills to reflect similar proportions. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. In Edwall, tax bills vary significantly, with the 25th percentile at $461 and the 75th percentile at $1791. The highest median tax bill in the area is recorded at $1129 in zip code 99008, which is also the lowest median tax bill, indicating uniformity in this specific region. These property taxes directly impact homeowners by funding local services such as schools, emergency services, and infrastructure, thereby contributing to the community's overall quality of life.
Average Edwall Tax Bill
$1,129
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Edwall, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99008 | $63 | $461 | $1,129 | $1,791 | $2,674 |
Source: Ownwell