Sprague, Washington Property Taxes
The median property tax rate in Sprague, WA is 0.95%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Sprague at $59,720, the typical annual property tax bill is $490, which is significantly lower than the national median of $2,690. Property taxes in Sprague are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Sprague'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 Sprague 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
Sprague, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$567
$526
Ownwell’s Sprague Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sprague with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sprague 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 Sprague, Washington
Property taxes in Sprague, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sprague is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Sprague set these rates annually, and they can vary across different neighborhoods. Each year, Sprague 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 Sprague's effective property tax rate to other areas in Lincoln County and the national median. For comparison, the zip code 99032 has the same median property tax rate of 0.95%. Understanding how these areas compare with Sprague 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 Sprague Tax Rate
0.95%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sprague, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99032 | 0.52% | 0.93% | 0.95% | 0.95% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Sprague, Washington
In Sprague, 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 Sprague, 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. For example, the median home price in Sprague is $59,720, with tax bills ranging from $238 at the 25th percentile to $1,247 at the 90th percentile. The zip code 99032 has both the highest and lowest median tax bill at $490. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sprague Assessed Value
$59,720
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 Sprague, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99032 | $11,176 | $34,660 | $59,720 | $93,442 | $139,228 |
Source: Ownwell
Property Tax Bills Across Sprague, Washington
In Sprague, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the Lincoln County assessor's office. The assessed value is a percentage of the market value of your property. For instance, with a median home price of $59,720 in Sprague, homeowners can expect property tax bills to vary significantly. The 25th percentile tax bill is around $238, while the 75th percentile tax bill reaches approximately $847, and the 90th percentile tax bill can go up to $1,247. Several factors influence your property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. The median property tax rate in Sprague is 0.82%, which is below the national median of 0.99%. This relatively lower tax rate can be beneficial for homeowners, making home ownership more affordable compared to other regions. However, it is essential to stay informed about any changes in local tax policies that might affect future tax bills.
Average Sprague Tax Bill
$490
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sprague, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99032 | $45 | $238 | $490 | $847 | $1,247 |
Source: Ownwell