Republic, Okanogan County, Washington Property Taxes
The median property tax rate in Republic, WA is 1.00%, slightly higher than the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Republic, the typical annual property tax bill reaches $824, which is significantly below the national median of $2,690. Property taxes in Republic are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Republic'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 Republic 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
Republic, Okanogan County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$929
$862
Ownwell’s Republic Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Republic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Republic 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 Republic, Okanogan County, Washington
Property taxes in Republic, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Republic is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Republic set these rates annually, and they can vary significantly across different neighborhoods. Each year, Republic 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 Republic's effective property tax rate to other counties in Washington and the national median. For comparison, the 99166 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these areas compare with Republic 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 Republic Tax Rate
1.00%
Average Okanogan County Tax Rate
1.08%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Republic, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99166 | 0.87% | 0.91% | 1.00% | 1.05% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Republic, Okanogan County, Washington
In Republic, 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 Republic, 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 Republic helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Republic are both $824, found in the zip code 99166, reflecting a balanced property tax environment.
Property Tax Assessment Values Across Republic, Okanogan County, Washington
Source: Ownwell
$64,200
$206,850
$349,500
Average Republic Assessed Value
$92,850
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 Republic, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99166 | $25,120 | $46,850 | $92,850 | $156,050 | $183,450 |
Source: Ownwell
Property Tax Bills Across Republic, Okanogan County, Washington
In Republic, located in Okanogan County, WA, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the county assessor's office and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Republic can expect their tax bills to vary, with the 25th percentile paying around $438 annually, while those in the 75th percentile face bills closer to $1,510. The highest median tax bill recorded in the area is $824, which is below the national median property tax rate of 0.99%. These property taxes fund essential services such as public schools, infrastructure, and emergency services. Understanding how these taxes are calculated and what influences them can help homeowners better manage their finances and anticipate annual costs.
Average Republic Tax Bill
$824
Average Okanogan County Tax Bill
$1,302
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Republic, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99166 | $244 | $438 | $824 | $1,510 | $1,993 |
Source: Ownwell