Pateros, Washington Property Taxes
The median property tax rate in Pateros, WA is 1.12%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Pateros, the typical annual property tax bill reaches $2,396, slightly lower than the national median of $2,690. Property taxes in Pateros 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 Pateros'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 Pateros 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
Pateros, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,545
$2,361
Ownwell’s Pateros Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pateros with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pateros to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in more granular details, scrolling down reveals trends on a neighborhood level. Your property’s assessed value is determined by Okanogan County for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Pateros, Washington
Property taxes in Pateros, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pateros is 1.12%, higher than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Pateros set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pateros 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 Pateros's effective property tax rate to other counties in Washington and the national median. For comparison, the 98846 zip code has the highest median property tax rate of 1.12%, while the lowest median tax rate in the same zip code is also 1.12%. Understanding how these cities compare with Pateros 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 Pateros Tax Rate
1.12%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pateros, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98846 | 0.96% | 0.99% | 1.12% | 1.22% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Pateros, Washington
In Pateros, 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 Pateros, 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 Pateros helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Okanogan County is 98846, with a median tax bill of $2,396.
Average Pateros Assessed Value
$227,200
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 Pateros, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98846 | $74,630 | $142,450 | $227,200 | $344,300 | $436,760 |
Source: Ownwell
Property Tax Bills Across Pateros, Washington
In Pateros, 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. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Pateros is $227,200, and homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is $1,405, while at the 75th percentile, it rises to $3,685. The highest median tax bill in the area is $2,396, which is notably higher than the national median property tax rate of 0.99%. Several factors influence these tax bills, including property size, location, and improvements. Homeowners in Pateros need to be aware of how these elements affect their annual tax obligations. Understanding these factors can help them better anticipate and manage their property tax expenses, ensuring they are not caught off guard by unexpected increases.
Average Pateros Tax Bill
$2,396
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Pateros, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98846 | $555 | $1,405 | $2,396 | $3,685 | $4,823 |
Source: Ownwell