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Nine Mile Falls, Washington Property Taxes

The median property tax rate in Nine Mile Falls, WA is 0.84%, slightly lower than the Washington state median of 0.88% but still below the national median of 0.99%. With a median home value of $494,900 in Nine Mile Falls, the typical annual property tax bill amounts to $4,067, significantly higher than the national median of $2,690. Property taxes in Nine Mile Falls are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Nine Mile Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Nine Mile Falls or another part of the city, gaining insight into the local property tax system is beneficial for both homeowners and real estate investors.

Last Updated June 14, 2024

Nine Mile Falls, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

0.84%

Estimate Property Tax Bill

$4,157

$3,858

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s NINE MILE FALLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NINE MILE FALLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NINE MILE FALLS 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 NINE MILE FALLS. 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 Nine Mile Falls, Washington

Property taxes in Nine Mile Falls, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nine Mile Falls is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Nine Mile Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nine Mile Falls 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 Nine Mile Falls' effective property tax rate to other counties in Washington and the national median. For comparison, the 99026 zip code has the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Nine Mile Falls 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.

Property Tax Rates Across Nine Mile Falls, Washington

Source: Ownwell

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0.56%

0.83%

1.10%

Average Nine Mile Falls Tax Rate

0.84%

Average Spokane County Tax Rate

0.93%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Nine Mile Falls, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
990260.69%0.75%0.84%0.87%0.91%

Source: Ownwell

Property Tax Assessment Values Across Nine Mile Falls, Washington

In Nine Mile Falls, 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 Nine Mile Falls, 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. Nine Mile Falls has a median home price of $494,900, and property tax bills range from $2,853 at the 25th percentile to $7,487 at the 90th percentile. The highest and lowest median tax bills are both $4,067 in the 99026 zip code. 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 Nine Mile Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Nine Mile Falls, Washington

Source: Ownwell

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$6,800

$497,053

$987,305

Average Nine Mile Falls Assessed Value

$494,900

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 Nine Mile Falls, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
99026$271,430$370,682$494,900$673,500$898,115

Source: Ownwell

Property Tax Bills Across Nine Mile Falls, Washington

In Nine Mile Falls, Spokane County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in the area is $494,900, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. Homeowners in Nine Mile Falls experience varying tax bills, with the 25th percentile paying around $2,853, the 75th percentile paying $5,579, and the 90th percentile paying up to $7,487. The median tax bill in the area is $4,067, which is above the national median property tax rate of 0.99%. Ownwell can help homeowners in Nine Mile Falls save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and ensuring it accurately reflects the current market conditions, Ownwell can potentially lower the tax burden for homeowners, ensuring they do not overpay on their property taxes.

Property Tax Bills Across Nine Mile Falls, Washington

Source: Ownwell

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$56

$4,439

$8,821

Average Nine Mile Falls Tax Bill

$4,067

Average Spokane County Tax Bill

$3,417

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Nine Mile Falls, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
99026$1,731$2,853$4,067$5,579$7,487

Source: Ownwell

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