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Spokane Valley, Spokane County, Washington Property Taxes

  • Median Spokane Valley, WA effective property tax rate: 0.95%, slightly lower than the national median of 1.02%, but higher than the Washington state median of 0.88%.

  • Median Spokane Valley, WA home value: $365,700

  • Median annual Spokane Valley, WA tax bill: $3,501, $1,101 higher than the national median property tax bill of $2,400.

How are property taxes in Spokane calculated?

Property taxes in Spokane Valley, 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 Spokane Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spokane Valley, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Spokane Valley, Spokane County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$3,474

$3,224

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Spokane Valley, located in Spokane County, the effective property tax rate is a key consideration for homeowners. The city's median property tax rate is 0.95%, slightly below the national median of 1.02%. Within the county, the highest median tax rate is found in the 99212 zip code, at 1.03%, while the lowest is in the 99037 zip code, at 0.91%. This variation reflects the diverse property values and budgetary needs across different areas.

Comparing Spokane Valley's tax rate to other cities in Washington and the national median offers valuable insights for homeowners. Understanding these differences can aid in making informed decisions about property investments and financial planning.

Property Tax Rates Across Spokane Valley, 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 Spokane Valley Tax Rate

0.95%

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 Spokane Valley, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
990160.79%0.93%0.99%1.02%1.05%
990270.26%0.81%0.94%1.01%1.07%
990370.83%0.87%0.91%0.94%0.97%
992060.82%0.90%0.95%0.99%1.04%
992120.82%0.98%1.03%1.12%1.18%
992160.86%0.92%0.94%0.98%1.02%
99223N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Spokane Valley, Spokane County, Washington

When examining property taxes in Spokane Valley, 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 appraisal district 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 assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Spokane Valley. For example, the median home price in Spokane Valley is $365,700, with tax bills ranging significantly across the county. 99037 has the highest median home price at $420,150.

Property Tax Assessment Values Across Spokane Valley, Spokane County, Washington

Source: Ownwell

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$131,700

$381,640

$631,580

Median Spokane Valley Market Value

$365,700

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 Spokane Valley, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
99016$117,120$286,400$388,500$474,050$609,460
99027$9,410$34,800$159,100$269,500$422,800
99037$295,630$355,425$420,150$507,100$594,370
99206$253,455$315,200$371,150$442,900$521,780
99212$177,400$253,195$314,500$376,900$460,040
99216$268,600$318,800$364,600$416,800$474,810
99223N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Spokane Valley, Spokane County, Washington

In Spokane Valley, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the Spokane County Assessor's Office. The median home price in Spokane County is $365,700, which influences the tax bill homeowners receive. Tax rates are applied to the assessed value, which can result in varying tax bills. For instance, the 25th percentile tax bill is $2,826, while the 75th percentile reaches $4,177. Some homeowners may face even higher bills, with the 90th percentile at $4,996. The highest median tax bill in the area is $3,858 in zip code 99016, while the lowest is $1,356 in zip code 99027. These figures highlight the importance of understanding how property values and tax rates affect individual tax bills. Ownwell helps homeowners by providing property tax appeal and exemption services, potentially reducing their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share.

Property Tax Bills Across Spokane Valley, Spokane County, Washington

Source: Ownwell

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$1,111

$3,484

$5,856

Median Spokane Valley Tax Bill

$3,501

Median Spokane County Tax Bill

$3,417

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Spokane Valley, Spokane County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
99016$800$2,732$3,858$4,664$5,784
99027$81$276$1,356$2,694$4,104
99037$2,410$3,184$3,748$4,545$5,471
99206$1,714$2,890$3,524$4,193$4,921
99212$708$2,504$3,267$3,929$4,748
99216$1,931$2,925$3,427$3,928$4,476
99223N/AN/AN/AN/AN/A

Source: Ownwell

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