Conway, Washington Property Taxes
The median property tax rate in Conway, WA is 1.09%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Conway, the typical annual property tax bill reaches $1,144, exceeding the national median of $2,690. Property taxes in Conway 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 Conway'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 Conway 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
Conway, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,074
$1,049
Ownwell’s Conway Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conway with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conway 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 Conway, Washington
Property taxes in Conway, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conway is 1.09%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Conway set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conway 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 Conway's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 99123 has the highest median property tax rate of 1.21%, while zip code 98819 has the lowest median tax rate of 0.98%. Understanding how these cities compare with Conway 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 Conway Tax Rate
1.09%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conway, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98819 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| 99123 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Conway, Washington
In Conway, 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 Conway, 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 Conway helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1,882 in zip code 99123, while the lowest is $406 in zip code 98819.
Average Conway Assessed Value
$98,500
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 Conway, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98819 | $41,600 | $41,600 | $41,600 | $41,600 | $41,600 |
| 99123 | $155,400 | $155,400 | $155,400 | $155,400 | $155,400 |
Source: Ownwell
Property Tax Bills Across Conway, Washington
In Conway, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Conway is $98,500. The tax rate in Conway is influenced by county and local levies, which are applied to the assessed value to calculate the annual tax bill. Homeowners in Conway can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $775, while at the 75th percentile, it rises to $1,513. The 90th percentile tax bill reaches $1,734. These figures show that property tax bills can fluctuate widely based on the assessed value and the specific levies imposed. Compared to the national median property tax rate of 0.99%, Conway's property taxes can be considered moderate. However, the highest median tax bill in the county is $1,882 in the 99123 zip code, highlighting the variability within the region. This variability in tax bills can significantly impact homeowners' annual expenses.
Average Conway Tax Bill
$1,144
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Conway, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98819 | $406 | $406 | $406 | $406 | $406 |
| 99123 | $1,882 | $1,882 | $1,882 | $1,882 | $1,882 |
Source: Ownwell