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Medical Lake, Spokane County, Washington Property Taxes

  • Median Medical Lake, WA effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Medical Lake, WA home value: $367,350

  • Median annual Medical Lake, WA tax bill: $2,894, $494 higher than the national median property tax bill of $2,400.

How are property taxes in Spokane calculated?

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

Last Updated March 1, 2025

Medical Lake, Spokane County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$2,976

$2,761

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually 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.

In Medical Lake, located in Spokane County, Washington, the effective property tax rate is 0.81%. This percentage is below the national median property tax rate of 1.02%, making it an attractive location for property owners seeking lower tax liabilities. Compared to other cities in Washington, Medical Lake's rate is consistent, as it represents both the highest and lowest median tax rate in the area. This consistency can be advantageous for homeowners looking for predictability in their property tax bills.

Understanding how Medical Lake's property tax rate compares to the state and national medians can be crucial for homeowners considering a property purchase or appeal. It highlights the potential savings and financial benefits of residing in this region.

Property Tax Rates Across Medical Lake, 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 Medical Lake Tax Rate

0.81%

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 Medical Lake, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
990220.72%0.77%0.81%0.82%0.84%

Source: Ownwell

Property Tax Assessment Values Across Medical Lake, Spokane County, Washington

When examining property taxes in Medical Lake, 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 April. 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 Medical Lake. For example, the median home price in Medical Lake is $367,350, with tax bills ranging significantly across the county. Zip code 99022 has the highest median home price at $367,350.

Property Tax Assessment Values Across Medical Lake, Spokane County, Washington

Source: Ownwell

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$131,700

$381,640

$631,580

Median Medical Lake Market Value

$367,350

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 Medical Lake, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
99022$195,800$291,755$367,350$451,398$570,250

Source: Ownwell

Property Tax Bills Across Medical Lake, Spokane County, Washington

In Medical Lake, Spokane 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 $367,350, which contributes to the determination of the tax bill. Homeowners in Medical Lake can expect a median property tax bill that aligns with the national median, though it can vary widely. For instance, the tax bill at the 25th percentile is $2,235, while at the 75th percentile, it rises to $3,606, and at the 90th percentile, it's $4,555. These variations highlight how different factors, such as property location and improvements, impact the tax bill. Ownwell can assist homeowners in Medical Lake by offering expert property tax appeal services, potentially lowering their tax liabilities. By analyzing the assessed value and ensuring it accurately reflects the market conditions, Ownwell helps homeowners save money, ensuring they do not overpay on their property taxes. This service is crucial for those looking to optimize their property tax expenses.

Property Tax Bills Across Medical Lake, Spokane County, Washington

Source: Ownwell

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$1,111

$3,484

$5,856

Median Medical Lake Tax Bill

$2,894

Median Spokane County Tax Bill

$3,417

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Medical Lake, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
99022$1,020$2,235$2,894$3,606$4,555

Source: Ownwell

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