Odessa, Washington Property Taxes
The median property tax rate in Odessa, WA is 0.97%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $116,388 in Odessa, the typical annual property tax bill amounts to $1,124, which is lower than the national median of $2,690. Property taxes in Odessa are based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Odessa'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 Odessa or another part of Pend Oreille County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Odessa, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,129
$1,048
Ownwell’s Odessa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Odessa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Odessa 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 Odessa, Washington
Property taxes in Odessa, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Odessa is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Odessa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Odessa 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 Odessa's effective property tax rate to other counties in Washington and the national median. For comparison, the 99159 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Odessa 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 Odessa Tax Rate
0.97%
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 Odessa, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99159 | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Odessa, Washington
In Odessa, 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. In Odessa, 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 Odessa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest and lowest median tax bills in Odessa are both $1124, found in zip code 99159.
Average Odessa Assessed Value
$116,388
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 Odessa, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99159 | $116,388 | $116,388 | $116,388 | $116,388 | $116,388 |
Source: Ownwell
Property Tax Bills Across Odessa, Washington
In Odessa, Pend Oreille County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Odessa is $116,388. Property taxes in this region are influenced by various factors, including the assessed value, local tax rates, and any applicable exemptions or deductions. The median property tax rate in Odessa is consistent with the national median property tax rate of 0.99%. For homeowners, this means that a property valued at the median home price would result in an annual tax bill of approximately $1,124. This figure is consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting the same tax bill amount. This uniformity indicates a stable property tax environment for homeowners in Odessa. Understanding these factors can help homeowners better manage their finances and anticipate their annual property tax obligations.
Average Odessa Tax Bill
$1,124
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 Odessa, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99159 | $1,124 | $1,124 | $1,124 | $1,124 | $1,124 |
Source: Ownwell