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Otis Orchards, Washington Property Taxes

The median property tax rate in Otis Orchards, WA is 0.97%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $414,950, the typical annual property tax bill in Otis Orchards is around $3,972, surpassing the national median of $2,690. Property taxes in Otis Orchards 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 Otis Orchards' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Otis Orchards or another part of Spokane County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Otis Orchards, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

0.97%

Estimate Property Tax Bill

$4,025

$3,735

SAVE WITH OWNWELL

$1,148

Average Tax Savings

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

Property taxes in Otis Orchards, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Otis Orchards is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Otis Orchards set these rates annually, and they can vary significantly across different neighborhoods. Each year, Otis Orchards 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 Otis Orchards' effective property tax rate to other areas in Spokane County and the national median. For comparison, the 99027 zip code has a median property tax rate of 0.97%, which aligns with Otis Orchards. Understanding how these areas compare with Otis Orchards 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 Otis Orchards, Washington

Source: Ownwell

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0.56%

0.83%

1.10%

Average Otis Orchards Tax Rate

0.97%

Average Spokane County Tax Rate

0.93%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Otis Orchards, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
990270.79%0.94%0.97%0.99%1.01%

Source: Ownwell

Property Tax Assessment Values Across Otis Orchards, Washington

In Otis Orchards, 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’s Office 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 Otis Orchards, 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 Otis Orchards 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 both $3,972, concentrated in the 99027 zip code.

Property Tax Assessment Values Across Otis Orchards, Washington

Source: Ownwell

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$6,800

$497,053

$987,305

Average Otis Orchards Assessed Value

$414,950

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 Otis Orchards, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
99027$226,020$326,650$414,950$535,620$698,755

Source: Ownwell

Property Tax Bills Across Otis Orchards, Washington

In Otis Orchards, Spokane County, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $414,950, homeowners can expect a tax bill ranging from $3,080 at the 25th percentile to $6,698 at the 90th percentile. The local tax rate in Otis Orchards is higher than the national median property tax rate of 0.99%, resulting in significant tax bills for homeowners. Various factors influence the tax bill, including the property's market value, local levies, and specific exemptions. High property taxes can strain homeowners' finances, making it essential to explore potential savings. Ownwell assists homeowners by appealing their property assessments and securing exemptions, potentially reducing their tax burden. By leveraging expert knowledge and local data, Ownwell ensures that homeowners in Otis Orchards pay only their fair share, helping them save money on their property tax bills.

Property Tax Bills Across Otis Orchards, Washington

Source: Ownwell

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$56

$4,439

$8,821

Average Otis Orchards Tax Bill

$3,972

Average Spokane County Tax Bill

$3,417

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Otis Orchards, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
99027$983$3,080$3,972$5,121$6,698

Source: Ownwell

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