Elmer City, Washington Property Taxes
The median property tax rate in Elmer City, WA is 0.97%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Elmer City at $121,500, the typical annual property tax bill reaches $1,237, which is below the national median of $2,690. Property taxes in Elmer City 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 Elmer City'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 Elmer City 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
Elmer City, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,179
$1,094
Ownwell’s Elmer City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elmer City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elmer City 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 Elmer City, Washington
Property taxes in Elmer City, Washington, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Elmer City is 0.97%, which is lower than the U.S. national median of 0.99%. Local government entities in Elmer City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elmer City 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 Elmer City's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 99124 has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Elmer City 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 Elmer City Tax Rate
0.97%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elmer City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99124 | 0.44% | 0.95% | 0.97% | 1.17% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Elmer City, Washington
In Elmer City, 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 Elmer City, 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 Elmer City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Elmer City is $121,500, with tax bills ranging from $625 at the 25th percentile to $2008 at the 90th percentile, and the zip code 99124 has the highest and lowest median tax bill of $1237.
Average Elmer City Assessed Value
$121,500
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 Elmer City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99124 | $26,400 | $67,100 | $121,500 | $164,100 | $195,180 |
Source: Ownwell
Property Tax Bills Across Elmer City, Washington
In Elmer City, located in Okanogan County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value, reflecting what the property would likely sell for in the current market. Factors considered in this assessment include the property’s location, size, condition, and any improvements made. Homeowners in Elmer City can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $625, while the 75th percentile reaches approximately $1,685. At the higher end, the 90th percentile tax bill is about $2,008. These figures show a range of what homeowners might owe annually, with the median tax bill in the area being $1,237, which is above the national median property tax rate of 0.99%. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners by funding essential local services such as schools, infrastructure, and public safety.
Average Elmer City Tax Bill
$1,237
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Elmer City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99124 | $109 | $625 | $1,237 | $1,685 | $2,008 |
Source: Ownwell