Priest River, Washington Property Taxes
The median property tax rate in Priest River, WA is 0.14%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Priest River, the typical annual property tax bill reaches $113, well below the national median of $2,690. Property taxes in Priest River 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 Priest River'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 Priest River 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
Priest River, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.14%
Estimate Property Tax Bill
$123
$120
Ownwell’s Priest River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Priest River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Priest River 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 Priest River, Washington
Property taxes in Priest River, Washington, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Priest River is 0.14%, which is significantly lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Priest River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Priest River 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. Understanding how Priest River's effective property tax rate compares to other areas in Pend Oreille County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Priest River Tax Rate
0.14%
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 Priest River, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83856 | 0.13% | 0.13% | 0.14% | 0.47% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Priest River, Washington
In Priest River, 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 Priest River, 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 Priest River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $113, with the zip code 83856.
Average Priest River Assessed Value
$87,504
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 Priest River, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83856 | $82,593 | $84,434 | $87,504 | $132,434 | $159,391 |
Source: Ownwell
Property Tax Bills Across Priest River, Washington
In Priest River, located in Pend Oreille County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $87,504. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary depending on the specific needs of the county and city budgets. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill in Priest River is $113, while the 75th percentile tax bill is $774, and the 90th percentile tax bill reaches up to $1,171. These variations reflect differences in property values and potential exemptions that homeowners might qualify for. Homeowners in Priest River may find their property tax bills relatively manageable compared to the national median property tax rate of 0.99%. This can have a significant impact on household budgets, potentially making homeownership more affordable in this region.
Average Priest River Tax Bill
$113
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 Priest River, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83856 | $112 | $113 | $113 | $774 | $1,171 |
Source: Ownwell