Newport, Washington Property Taxes
The median property tax rate in Newport, WA is 0.56%, which is considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Newport at $292,700, the typical annual property tax bill reaches $1,442, well below the national median of $2,690. Property taxes in Newport are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Newport's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Newport or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newport, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,639
$1,521
$1,148
Average Tax Savings
Ownwell’s Newport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newport 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 Newport. 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 Newport, Washington
Property taxes in Newport, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newport is 0.56%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Newport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newport 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 Newport's effective property tax rate to other counties in Washington and the national median. For comparison, the 99156 zip code has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Newport 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 Newport Tax Rate
0.56%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99156 | 0.20% | 0.49% | 0.56% | 0.59% | 0.61% |
Source: Ownwell
$1,148
Average Newport Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Newport, Washington
In Newport, 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 local county authorities 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 Newport, 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 Newport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Newport, the zip code 99156 has both the highest and lowest median tax bill at $1,442, highlighting the consistency in tax assessments within the area.
Average Newport Assessed Value
$292,700
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 Newport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99156 | $105,336 | $183,900 | $292,700 | $360,200 | $433,388 |
Source: Ownwell
$1,148
Average Newport Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Newport, Washington
Property tax bills in Newport, Spokane County, WA, are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in Newport is $292,700, and property taxes are calculated by applying the local tax rate to this assessed value. For example, homeowners in the 25th percentile pay around $732, while those in the 75th percentile pay approximately $1,829. The 90th percentile sees bills up to $2,441. These figures highlight how property taxes can vary significantly based on property values and assessments. Ownwell helps homeowners in Newport reduce their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property’s assessed value, identifies potential discrepancies, and files appeals on your behalf. By ensuring your property is fairly assessed, Ownwell can help you achieve significant savings, making homeownership more affordable and less stressful. Trust Ownwell to navigate the complexities of property taxes and secure the best possible outcome for you.
Average Newport Tax Bill
$1,442
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Newport, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99156 | $362 | $732 | $1,442 | $1,829 | $2,441 |
Source: Ownwell
$1,148
Average Newport 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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