Elk, Pend Oreille County, Washington Property Taxes
Median ELK, WA effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but equal to the Washington state median of 0.88%.
Median ELK, WA home value: $294,034
Median annual ELK, WA tax bill: $2,450, $50 higher than the national median property tax bill of $2,400.
How are property taxes in Pend Oreille calculated?
Property taxes in ELK, 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 ELK’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ELK, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elk, Pend Oreille County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$2,587
$2,401
Property Tax Rates Across Elk, Pend Oreille County, Washington
Local government entities set property tax rates, which can vary significantly even within a single state. This variation is due to each county's annual budget estimation process. Counties determine their required budget to provide essential services and then divide this by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While the process involves votes and regulations, this is the basic annual procedure.
In Elk, located in Pend Oreille County, Washington, the effective property tax rate stands out when compared to other cities in the state. The city's rate reflects the local economic landscape and the county's budgetary needs. Washington's median property tax rate is lower than the national median, offering some relief to property owners. However, the rates can still vary within the state, demonstrating the localized nature of property taxation. Comparing Elk's rate with both the state and national medians provides valuable insight for property owners looking to understand their tax obligations better.
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 Elk Tax Rate
0.88%
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 Pend Oreille County Tax Rate
0.87%
Median Effective Washington Tax Rate
0.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elk, Pend Oreille County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99009 | 0.44% | 0.87% | 0.88% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Elk, Pend Oreille County, Washington
When examining property taxes in ELK, 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 Pend Oreille County Assessor's Office 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 Pend Oreille County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 ELK.
For example, the median home price in ELK is $294,034, with tax bills ranging significantly across the county. Zip code 99009 has the highest median home price at $294,034.
Property Tax Assessment Values Across Elk, Pend Oreille County, Washington
Source: Ownwell
$8,000
$151,017
$294,034
Median Elk Market Value
$294,034
Median Pend Oreille County Market Value
$181,614
Median Washington Market Value
$482,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elk, Pend Oreille County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99009 | $126,785 | $194,544 | $294,034 | $391,429 | $515,022 |
Source: Ownwell
Property Tax Bills Across Elk, Pend Oreille County, Washington
Median Elk Tax Bill
$2,450
Median Pend Oreille County Tax Bill
$1,429
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Elk, Pend Oreille County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99009 | $759 | $1,427 | $2,450 | $3,299 | $4,456 |
Source: Ownwell