Addy, Washington Property Taxes
The median property tax rate in Addy, WA is 0.84%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $131,792 in Addy, the typical annual property tax bill amounts to $1,041, significantly less than the national median of $2,690. Property taxes in Addy are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Addy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Addy or another part of Stevens County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Addy, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,107
$1,027
Ownwell’s ADDY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ADDY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ADDY to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Addy, Washington
Property taxes in Addy, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Addy is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Addy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Addy 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. Understanding how Addy's effective property tax rate compares to other areas in Stevens County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Addy Tax Rate
0.84%
Average Stevens County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Addy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99101 | 0.57% | 0.80% | 0.84% | 0.88% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Addy, Washington
In Addy, 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 Stevens County Appraisal District 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 Addy, 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. The median home price in Addy is $131,792, with annual tax bills ranging from $543 at the 25th percentile to $2,640 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 99101, with a median tax bill of $1,041. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Addy Assessed Value
$131,792
Average Stevens County Assessed Value
$158,721
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Addy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99101 | $30,444 | $80,580 | $131,792 | $215,569 | $309,992 |
Source: Ownwell
Property Tax Bills Across Addy, Washington
In Addy, Stevens County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the median home price in Addy is $131,792, which can result in varying tax bills. Homeowners in the 25th percentile pay around $543, while those in the 75th percentile see bills of about $1804. The tax bill can go as high as $2640 for those in the 90th percentile. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Addy to understand how their tax bills are derived to manage their finances effectively.
Average Addy Tax Bill
$1,041
Average Stevens County Tax Bill
$1,378
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Addy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99101 | $131 | $543 | $1,041 | $1,804 | $2,640 |
Source: Ownwell