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Colbert, Spokane County, Washington Property Taxes

  • Median Colbert, WA effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but equal to the Washington state median of 0.88%.

  • Median Colbert, WA home value: $523,600

  • Median annual Colbert, WA tax bill: $4,576, $2,176 higher than the national median property tax bill of $2,400.

How are property taxes in Spokane calculated?

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

Last Updated March 1, 2025

Colbert, Spokane County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$4,608

$4,276

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Colbert Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Colbert with just two data points. By entering your property's estimated assessed value, our calculator applies Colbert’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 Colbert, Spokane County, Washington

Local government entities are responsible for setting tax rates, which can vary widely within a state. This variation occurs because each county, such as Spokane County, estimates its required budget annually to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this annual calculation is the core of the process. In Colbert, located in Spokane County, the effective property tax rate is 0.88%, which is below the national median property tax rate of 1.02%. This means that residents of Colbert typically pay less in property taxes compared to the national average. When comparing this rate to other cities in Washington, it aligns with the state's median property tax rate. Understanding these rates can help property owners make informed decisions and potentially save money by appealing or seeking exemptions.

Property Tax Rates Across Colbert, 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 Colbert Tax Rate

0.88%

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 Colbert, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
990050.78%0.84%0.88%0.91%0.95%

Source: Ownwell

Property Tax Assessment Values Across Colbert, Spokane County, Washington

When examining property taxes in Colbert, 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. Assessment notices: 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 Colbert. For example, the median home price in Colbert is $523,600, with tax bills ranging significantly across the county. 99005 has the highest median home price at $523,600.

Property Tax Assessment Values Across Colbert, Spokane County, Washington

Source: Ownwell

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$131,700

$381,640

$631,580

Median Colbert Market Value

$523,600

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 Colbert, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
99005$357,000$433,200$523,600$682,400$878,400

Source: Ownwell

Property Tax Bills Across Colbert, Spokane County, Washington

In Colbert, Spokane County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the tax bill. The median home price in Colbert is $523,600, with tax bills ranging from the 25th percentile at $3,731 to the 90th percentile at $7,667. The highest and lowest median tax bills in the area are both $4,576, indicating a consistent tax rate across different property values. Compared to the national median property tax rate of 1.02% and the median tax bill of $2,400, homeowners in Colbert typically pay higher property taxes. This can significantly impact homeowners' budgets, making it essential to ensure that assessments are accurate. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By reviewing assessments and identifying discrepancies, Ownwell can help homeowners save money and reduce their financial burden.

Property Tax Bills Across Colbert, Spokane County, Washington

Source: Ownwell

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$1,111

$3,484

$5,856

Median Colbert Tax Bill

$4,576

Median Spokane County Tax Bill

$3,417

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Colbert, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
99005$2,811$3,731$4,576$5,902$7,667

Source: Ownwell

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