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Newman Lake, Spokane County, Washington Property Taxes

Median Newman Lake, WA effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but higher than the Washington state median of 0.88%. Median Newman Lake, WA home value: $400,450. Median annual Newman Lake, WA tax bill: $3,868, $1,468 higher than the national median property tax bill of $2,400. How are property taxes in Spokane calculated? Property taxes in Newman 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 Newman Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newman Lake, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Newman Lake, Spokane County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$3,844

$3,567

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities are responsible for setting tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Newman Lake, located in Spokane County, property tax rates reflect this standard procedure. Compared to the national median property tax rate of 1.02%, Newman Lake's effective property tax rate stands at 0.96%. This rate aligns with the median property tax rate in Washington, highlighting the consistency within the state. Despite variations across different regions, the property tax rate in Newman Lake is competitive when compared to the national average, offering property owners a reasonable tax burden. By understanding these rates, property owners can better anticipate their annual tax obligations and how they align with both state and national figures.

Property Tax Rates Across Newman 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 Newman Lake Tax Rate

0.96%

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 Newman Lake, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
990250.81%0.90%0.96%0.99%1.09%

Source: Ownwell

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

When examining property taxes in Newman 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 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: Spokane County sends assessment notices 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 Newman Lake. For example, the median home price in Newman Lake is $400,450, with tax bills ranging significantly across the county. 99025 has the highest median home price at $400,450.

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

Source: Ownwell

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$131,700

$381,640

$631,580

Median Newman Lake Market Value

$400,450

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 Newman Lake, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
99025$248,360$331,975$400,450$562,180$746,663

Source: Ownwell

Property Tax Bills Across Newman Lake, Spokane County, Washington

In Newman Lake, Spokane County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to compute the annual tax bill. With a median home price of $400,450, homeowners face tax bills that can vary significantly. For instance, the 25th percentile tax bill is $3,140, while the 75th percentile reaches $5,208, and the 90th percentile can go up to $6,820. These figures indicate that property tax bills in Newman Lake are higher than the national median property tax bill of $2,400.

Homeowners in Newman Lake may feel the financial impact of these tax bills, but Ownwell can help alleviate this burden. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in potentially lowering their assessed values, leading to reduced tax bills. This service can be invaluable in ensuring homeowners are not overpaying on their property taxes, ultimately saving them money.

Property Tax Bills Across Newman Lake, Spokane County, Washington

Source: Ownwell

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$1,111

$3,484

$5,856

Median Newman Lake Tax Bill

$3,868

Median Spokane County Tax Bill

$3,417

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Newman Lake, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
99025$1,739$3,140$3,868$5,208$6,820

Source: Ownwell

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