Twisp, Okanogan County, Washington Property Taxes
Median Twisp, WA effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Twisp, WA home value: $231,600
Median annual Twisp, WA tax bill: $2,364, $36 lower than the national median property tax bill of $2,400.
How are property taxes in Okanogan County calculated?
Property taxes in Twisp, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Twisp’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Twisp, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Twisp, Okanogan County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$2,501
$2,321
Property Tax Rates Across Twisp, Okanogan County, Washington
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variance is due to each county's annual process of estimating the necessary budget to fund local services and dividing that amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process of setting tax rates and budgets involves votes and legal considerations, this is essentially how it works each year.
In Twisp, located in Okanogan County, Washington, the effective property tax rate provides a point of comparison with other cities in the state and across the nation. Washington's median property tax rate is slightly above the national median of 1.02%, reflecting the unique budgetary needs and property values within the state. Twisp's rate is consistent with the state's median, highlighting the balanced approach to property taxation in the area. This comparison underscores the importance of understanding local tax rates, as they directly impact property owners' annual expenses.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Twisp Tax Rate
1.08%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Okanogan County Tax Rate
1.08%
Median Effective Washington Tax Rate
0.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Twisp, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98856 | 0.81% | 0.93% | 1.08% | 1.13% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Twisp, Okanogan County, Washington
When examining property taxes in Twisp, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Okanogan County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Okanogan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Twisp.
For example, the median home price in Twisp is $231,600, with tax bills ranging significantly across the county. Zip code 98856 has the highest median home price at $231,600.
Property Tax Assessment Values Across Twisp, Okanogan County, Washington
Source: Ownwell
$64,200
$206,850
$349,500
Median Twisp Market Value
$231,600
Median Okanogan County Market Value
$128,000
Median Washington Market Value
$482,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Twisp, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98856 | $78,160 | $149,825 | $231,600 | $343,575 | $460,280 |
Source: Ownwell
Property Tax Bills Across Twisp, Okanogan County, Washington
In Twisp, located in Okanogan County, WA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is usually a percentage of the property's market value, and local authorities set the tax rate based on budgetary needs. With a median home price of $231,600, Twisp's property tax bills can vary significantly. The 25th percentile tax bill is $1,455, while the 75th percentile reaches $3,623, and the 90th percentile climbs to $4,874. Comparatively, the national median property tax bill is $2,400, highlighting the variance in Twisp. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners.
Ownwell assists homeowners in Twisp by identifying potential savings on property tax bills through appeals and exemptions. By analyzing individual property assessments and local statutes, Ownwell can challenge over-assessments and ensure that homeowners only pay their fair share, potentially reducing their tax burden significantly.
Median Twisp Tax Bill
$2,364
Median Okanogan County Tax Bill
$1,302
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Twisp, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98856 | $596 | $1,455 | $2,364 | $3,623 | $4,874 |
Source: Ownwell