Oroville, Washington Property Taxes
The median property tax rate in Oroville, WA is 1.09%, which is considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $117,000 in Oroville, the typical annual property tax bill reaches $1,195, exceeding the national median of $2,690. Property taxes in Oroville 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 Oroville'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 Oroville 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
Oroville, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,275
$1,246
Ownwell’s Oroville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oroville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oroville 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 Oroville, Washington
Property taxes in Oroville, Washington, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Oroville is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Oroville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oroville 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 Oroville's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98844 has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Oroville 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 Oroville 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 Oroville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98844 | 0.51% | 1.00% | 1.09% | 1.17% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Oroville, Washington
In Oroville, 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 Oroville, 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. The median home price in Oroville is $117,000, with tax bills ranging from $521 at the 25th percentile to $3,670 at the 90th percentile. The zip code 98844 has both the highest and lowest median tax bill, valued at $1,195. Being aware of these valuation processes in Oroville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oroville Assessed Value
$117,000
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 Oroville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98844 | $33,620 | $62,700 | $117,000 | $208,100 | $356,960 |
Source: Ownwell
Property Tax Bills Across Oroville, Washington
Property tax bills in Oroville, located in Okanogan County, WA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Oroville can expect their property tax bill to vary significantly depending on their property's assessed value. For instance, the median home price in Oroville is $117,000, which influences the tax bill amounts. The tax bill at the 25th percentile is $521, meaning that a quarter of homeowners pay this amount or less. Conversely, at the 75th percentile, the tax bill rises to $2,224, and at the 90th percentile, it can be as high as $3,670. These figures highlight the range of property tax bills homeowners might face. Compared to the national median property tax rate of 0.99%, the rates in Oroville may seem moderate but can still impact homeowners' finances significantly, especially for those with higher assessed property values.
Average Oroville Tax Bill
$1,195
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Oroville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98844 | $215 | $521 | $1,195 | $2,224 | $3,670 |
Source: Ownwell