Four Lakes, Washington Property Taxes
The median property tax rate in Four Lakes, WA is 0.80%, which is lower than both the national median of 0.99% and Washington's state median of 0.88%. With the median home value in Four Lakes at $201,075, the typical annual property tax bill amounts to $1,330, significantly below the national median of $2,690. Property taxes in Four Lakes 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 Four Lakes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Four Lakes or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Four Lakes, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,609
$1,571
$1,148
Average Four Lakes, Washington Tax Savings
Ownwell's Four Lakes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Four Lakes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Four Lakes to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Four Lakes. 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 Four Lakes, Washington
Property taxes in Four Lakes, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Four Lakes is 0.80%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Four Lakes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Four Lakes 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 Four Lakes' effective property tax rate to other counties in Washington and the national median. For comparison, the 99014 zip code has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Four Lakes provides valuable insights into the varying tax landscape across Spokane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Four Lakes Tax Rate
0.80%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Four Lakes, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99014 | 0.47% | 0.74% | 0.80% | 0.83% | 0.84% |
Source: Ownwell
$1,148
Average Four Lakes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Four Lakes, Washington
In Four Lakes, 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 Spokane 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 Four Lakes, 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 Four Lakes 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 the same, both recorded at $1,330 in zip code 99014.
Average Four Lakes Assessed Value
$201,075
Average Spokane County Assessed Value
$369,800
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Four Lakes, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99014 | $62,050 | $101,525 | $201,075 | $274,930 | $352,895 |
Source: Ownwell
$1,148
Average Four Lakes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Four Lakes, Washington
In Four Lakes, Spokane County, WA, property tax bills are calculated based on the assessed value of a home, not its market value. The median home price in this area is $201,075, with property tax rates applied to this assessed value to determine the tax bill. Homeowners in Four Lakes can expect tax bills ranging from $741 at the 25th percentile to $2,771 at the 90th percentile, with the median tax bill being $1,330. These figures are influenced by local tax rates, which can vary significantly from the national median property tax rate of 0.99%. Several factors contribute to the overall tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. High property taxes can place a financial burden on homeowners, making it crucial to explore potential savings. Ownwell can help homeowners in Four Lakes reduce their property tax bills by providing expert property tax appeal and exemption services. By thoroughly reviewing property assessments and identifying inaccuracies or opportunities for exemptions, Ownwell ensures homeowners only pay their fair share.
Average Four Lakes Tax Bill
$1,330
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Four Lakes, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99014 | $257 | $741 | $1,330 | $2,142 | $2,771 |
Source: Ownwell
$1,148
Average Four Lakes Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Spokane Tax Assessor | |
| Phone | (509) 477-3698 |
| Website | cp.spokanecounty.org |
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