Conconully, Washington Property Taxes
The median property tax rate in Conconully, WA is 1.11%, which is notably higher than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value in Conconully of $108,650, the typical annual property tax bill reaches $1,057, still below the national median of $2,690. Property taxes in Conconully are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Conconully'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 Conconully or another part of Okanogan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Conconully, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,206
$1,178
Ownwell’s Conconully Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conconully with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conconully 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 Conconully, Washington
Property taxes in Conconully, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conconully is 1.11%, which is higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Conconully set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conconully 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 Conconully's effective property tax rate to other counties in Washington and the national median. For comparison, the 98819 zip code has the highest median property tax rate of 1.11%, while the 98819 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Conconully provides valuable insights into the varying tax landscape across Okanogan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conconully Tax Rate
1.11%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conconully, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98819 | 0.89% | 0.97% | 1.11% | 1.17% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Conconully, Washington
In Conconully, 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 Okanogan County Assessor 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 Conconully, 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 Conconully helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $108,650, with tax bills ranging from $662 at the 25th percentile to $2,452 at the 90th percentile. The zip code 98819 has the highest and lowest median tax bill, both at $1,057.
Average Conconully Assessed Value
$108,650
Average Okanogan County Assessed Value
$128,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conconully, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98819 | $42,080 | $61,900 | $108,650 | $161,050 | $221,210 |
Source: Ownwell
Property Tax Bills Across Conconully, Washington
In Conconully, located in Okanogan County, WA, property tax bills are determined based on the assessed value of your home. The median home price in Conconully is $108,650, and property taxes are calculated by applying the local tax rate to this assessed value. For example, homeowners in the 25th percentile can expect a tax bill around $662, while those in the 75th percentile might see a bill closer to $1,686. At the higher end, the 90th percentile tax bill reaches approximately $2,452. Several factors influence these tax bills, including the assessed value of the property, which may differ from its market value, and the specific tax rate set by local taxing authorities. This can significantly impact homeowners, as higher assessed values and tax rates result in larger tax bills. Compared to the national median property tax rate of 0.99%, the property tax scenario in Conconully offers a range of tax burdens, reflecting a diverse economic landscape.
Average Conconully Tax Bill
$1,057
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Conconully, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98819 | $389 | $662 | $1,057 | $1,686 | $2,452 |
Source: Ownwell