Metaline Falls, Washington Property Taxes
The median property tax rate in Metaline Falls, WA is 0.84%, slightly lower than the state median of 0.88% and the national median of 0.99%. With a median home value of $107,319, the typical annual property tax bill in Metaline Falls is approximately $796, which is significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural uses. Understanding Metaline Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Metaline Falls or another part of Pend Oreille County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Metaline Falls, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$901
$881
Ownwell’s Metaline Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Metaline Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Metaline Falls 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 Metaline Falls, Washington
Property taxes in Metaline Falls, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Metaline Falls is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Metaline Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Metaline Falls 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 Metaline Falls' effective property tax rate to other areas in Pend Oreille County and the national median. For comparison, the 99153 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these rates compare with Metaline Falls provides valuable insights into the varying tax landscape across Pend Oreille County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Metaline Falls Tax Rate
0.84%
Average Pend Oreille County Tax Rate
0.87%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Metaline Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99153 | 0.42% | 0.81% | 0.84% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Metaline Falls, Washington
In Metaline Falls, 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 Pend Oreille 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. 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. The median home price in Metaline Falls is $107,319, with tax bills ranging from $420 at the 25th percentile to $1,849 at the 90th percentile. The highest and lowest median tax bills in the area are both $796, found in the 99153 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Metaline Falls, Washington
Source: Ownwell
$8,000
$165,852
$323,703
Average Metaline Falls Assessed Value
$107,319
Average Pend Oreille County Assessed Value
$181,614
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Metaline Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99153 | $26,048 | $65,043 | $107,319 | $163,828 | $228,145 |
Source: Ownwell
Property Tax Bills Across Metaline Falls, Washington
In Metaline Falls, WA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. For instance, with a median home price of $107,319 in Pend Oreille County, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Factors influencing the tax bill include the home's assessed value, local tax rates, and applicable exemptions or deductions. In Metaline Falls, the tax bill at the 25th percentile is around $420, while it reaches $1,338 at the 75th percentile and $1,849 at the 90th percentile. These figures illustrate the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Metaline Falls' tax bills reflect the local economic conditions and property values. For homeowners, understanding these factors is crucial for budgeting and financial planning, as property taxes are a significant annual expense.
Average Metaline Falls Tax Bill
$796
Average Pend Oreille County Tax Bill
$1,429
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Metaline Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99153 | $172 | $420 | $796 | $1,338 | $1,849 |
Source: Ownwell