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City Of Spokane Valley, Spokane County, Washington Property Taxes

Median CITY OF SPOKANE VALLEY, WA effective property tax rate: 0.93%, slightly lower than the national median of 1.02%, but higher than the WA state median of 0.88%. Median CITY OF SPOKANE VALLEY, WA home value: $413,700. Median annual CITY OF SPOKANE VALLEY, WA tax bill: $3,782, $1,382 higher than the national median property tax bill of $2,400.

How are property taxes in Spokane calculated?

Property taxes in CITY OF SPOKANE VALLEY, 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 CITY OF SPOKANE VALLEY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CITY OF SPOKANE VALLEY, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

City Of Spokane Valley, Spokane County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$3,847

$3,570

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s CITY OF SPOKANE VALLEY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in CITY OF SPOKANE VALLEY with just two data points.

By entering your property's estimated assessed value, our calculator applies CITY OF SPOKANE VALLEY’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Spokane County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across City Of Spokane Valley, Spokane County, Washington

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare CITY OF SPOKANE VALLEY’s effective property tax rate to other cities in WA and the median property tax rates in WA and the U.S.

CITY OF SPOKANE VALLEY in Spokane County has a median property tax rate of 0.93%, which is slightly below the national median of 1.02%. This means homeowners in this area generally enjoy lower property tax rates compared to the national average. The rate is consistent across the city, as indicated by the highest and lowest median tax rates both being 0.93% in the 99037 zip code. This consistency can offer a sense of predictability for homeowners in their annual tax expenses. Comparing this to the national median property tax bill of $2,400, residents in CITY OF SPOKANE VALLEY may find themselves paying less, which can be a financial relief.

Property Tax Rates Across City Of Spokane Valley, Spokane County, Washington

Source: Ownwell

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0.56%

0.82%

1.09%

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 City Of Spokane Valley Tax Rate

0.93%

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 Spokane County Tax Rate

0.93%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across City Of Spokane Valley, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
990370.87%0.89%0.93%0.93%0.95%

Source: Ownwell

Property Tax Assessment Values Across City Of Spokane Valley, Spokane County, Washington

When examining property taxes in CITY OF SPOKANE VALLEY, 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 Spokane 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 Spokane County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 CITY OF SPOKANE VALLEY. For example, the median home price in CITY OF SPOKANE VALLEY is $413,700, with tax bills ranging significantly across the county. ZIP code 99037 has the highest median home price at $413,700.

Property Tax Assessment Values Across City Of Spokane Valley, Spokane County, Washington

Source: Ownwell

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$131,700

$381,640

$631,580

Median City Of Spokane Valley Market Value

$413,700

Median Spokane County Market Value

$369,800

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across City Of Spokane Valley, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
99037$380,600$388,200$413,700$528,500$623,760

Source: Ownwell

Property Tax Bills Across City Of Spokane Valley, Spokane County, Washington

In the City of Spokane Valley, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in the area is $413,700, and tax bills can range significantly. For example, the 25th percentile tax bill is $3,547, while the 75th percentile reaches $4,784. The 90th percentile tax bill climbs to $5,631, illustrating the variance homeowners may experience. The highest and lowest median tax bill in the area is $3,782, both found in ZIP code 99037. These figures are above the national median property tax bill of $2,400, highlighting the potential financial burden on homeowners in Spokane County. Factors such as property location, improvements, and local government budgets influence the assessed value and, consequently, the tax bill. Ownwell offers expertise in navigating these complexities, helping homeowners appeal their property assessments and identify potential exemptions. By leveraging Ownwell's services, homeowners can potentially reduce their property tax burden and achieve significant savings.

Property Tax Bills Across City Of Spokane Valley, Spokane County, Washington

Source: Ownwell

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$1,111

$3,484

$5,856

Median City Of Spokane Valley Tax Bill

$3,782

Median Spokane County Tax Bill

$3,417

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across City Of Spokane Valley, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
99037$3,498$3,547$3,782$4,784$5,631

Source: Ownwell

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