Reardan, Washington Property Taxes
The median property tax rate in Reardan, WA is 0.70%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Reardan at $403,760, the typical annual property tax bill comes to $2,646, slightly below the national median of $2,690. Property taxes in Reardan are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Reardan'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 Reardan 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
Reardan, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Reardan, Washington Tax Savings
Ownwell’s Reardan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reardan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reardan 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 Reardan. 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 Reardan, Washington
Property taxes in Reardan, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reardan is 0.70%, lower than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Reardan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reardan 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 Reardan's effective property tax rate to other counties in Washington and the national median. For comparison, the 99029 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Reardan 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 Reardan Tax Rate
0.70%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reardan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99029 | 0.46% | 0.66% | 0.70% | 0.73% | 0.78% |
Source: Ownwell
$1,148
Average Reardan Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Reardan, Washington
In Reardan, 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 Reardan, 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. For instance, the median home price in Reardan is $403,760, with tax bills ranging from $1,924 at the 25th percentile to $5,114 at the 90th percentile. The zip code 99029 has both the highest and lowest median tax bill at $2,646. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reardan Assessed Value
$403,760
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 Reardan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99029 | $177,202 | $313,300 | $403,760 | $505,720 | $750,534 |
Source: Ownwell
$1,148
Average Reardan Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Reardan, Washington
In Reardan, WA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $403,760, homeowners can expect varying tax bills depending on their property's assessed value. Factors such as location within Spokane County, property size, and any applicable exemptions play a significant role in determining the final tax bill. In Reardan, the tax bill ranges from $1,924 at the 25th percentile to $5,114 at the 90th percentile, highlighting the variability homeowners might face. Ownwell can help homeowners in Reardan save on their property tax bills by offering professional property tax appeal and exemption services. Our experts analyze your property’s assessed value and compare it with similar properties to identify potential over-assessments. By filing appeals and ensuring all eligible exemptions are applied, Ownwell can significantly reduce your tax burden, providing peace of mind and financial relief.
Average Reardan Tax Bill
$2,646
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Reardan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99029 | $747 | $1,924 | $2,646 | $3,583 | $5,114 |
Source: Ownwell
$1,148
Average Reardan 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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