Veradale, Washington Property Taxes
The median property tax rate in Veradale, WA is 0.93%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Veradale at $631,580, the typical annual property tax bill reaches $5,856, significantly exceeding the national median of $2,690. Property taxes in Veradale are calculated based on the tax assessed value, which usually falls below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Veradale'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 Veradale 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
Veradale, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$5,874
$5,451
$1,148
Average Tax Savings
Ownwell’s Veradale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Veradale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Veradale 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 Veradale. 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 Veradale, Washington
Property taxes in Veradale, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Veradale is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Veradale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Veradale 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 Veradale's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 99037 has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Veradale 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 Veradale Tax Rate
0.93%
Average Spokane County Tax Rate
0.93%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Veradale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99037 | 0.87% | 0.90% | 0.93% | 0.95% | 0.96% |
Source: Ownwell
$1,148
Average Veradale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Veradale, Washington
In Veradale, 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 Veradale, 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 Veradale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price stands at $631,580, with tax bills ranging from $4,811 at the 25th percentile to $8,018 at the 90th percentile. The highest and lowest median tax bills are both $5,856 in the 99037 zip code.
Average Veradale Assessed Value
$631,580
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 Veradale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99037 | $398,640 | $523,100 | $631,580 | $736,900 | $863,260 |
Source: Ownwell
$1,148
Average Veradale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Veradale, Washington
In Veradale, located in Spokane County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local property tax rate. With a median home price of $631,580, homeowners in Veradale can expect varying tax bills. For instance, the 25th percentile tax bill is $4,811, while those in the 75th percentile pay around $6,826. The 90th percentile tax bill reaches up to $8,018. The highest median tax bill in the area is $5,856, which is significantly higher than the national median property tax rate of 0.99%. Factors influencing the tax bill include property size, location, and any improvements made to the property. High property taxes can be a burden for homeowners, but Ownwell can help. By offering property tax appeal and exemption services, Ownwell ensures that homeowners are not overpaying. Our experts analyze your property’s assessed value and market data to identify potential savings, helping you lower your annual tax bill.
Average Veradale Tax Bill
$5,856
Average Spokane County Tax Bill
$3,417
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Veradale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99037 | $3,547 | $4,811 | $5,856 | $6,826 | $8,018 |
Source: Ownwell
$1,148
Average Veradale 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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