Usk, Washington Property Taxes
The median property tax rate in USK, WA is 0.87%, slightly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in USK at $99,808, the typical annual property tax bill reaches $774, significantly below the national median of $2,690. Property taxes in USK 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 USK's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of USK 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
Usk, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$868
$848
Ownwell’s USK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in USK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in USK 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 Usk, Washington
Property taxes in USK, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in USK is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within USK set these rates annually, and they can vary significantly across different neighborhoods. Each year, USK 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 USK's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 99180 has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with USK 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 Usk Tax Rate
0.87%
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 Usk, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99180 | 0.78% | 0.83% | 0.87% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Usk, Washington
In USK, 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 Appraisal District 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 USK, 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 USK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In USK, the median home price is $99,808, with the highest and lowest median tax bills both being $774 in the zip code 99180.
Average Usk Assessed Value
$99,808
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 Usk, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99180 | $33,000 | $45,364 | $99,808 | $178,742 | $318,126 |
Source: Ownwell
Property Tax Bills Across Usk, Washington
In USK, Pend Oreille County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the property's location, size, and any improvements made can affect its assessed value. For homeowners in USK, the median home price is $99,808, and property tax bills can vary significantly. The 25th percentile tax bill is $358, while the 75th percentile reaches $1,499. At the 90th percentile, homeowners might see a tax bill as high as $2,657. Comparatively, the national median property tax rate is 0.99%, which means USK residents may experience varying tax burdens depending on their property's assessed value. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Usk Tax Bill
$774
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 Usk, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99180 | $267 | $358 | $774 | $1,499 | $2,657 |
Source: Ownwell