Ford, Washington Property Taxes
The median property tax rate in Ford, WA is 1.01%, slightly above the national median of 0.99% and considerably higher than the Washington state median of 0.88%. With the median home value in Ford, the typical annual property tax bill reaches $651, which is notably lower than the national median of $2,690. Property taxes in Ford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Ford'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 Ford 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
Ford, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Ford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ford 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 Ford, Washington
Property taxes in Ford, WA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ford is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Ford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ford 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 Ford's effective property tax rate to other counties in Washington and the national median. For comparison, the 99013 zip code in Stevens County has the highest median property tax rate of 1.01%, while the same 99013 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Ford provides valuable insights into the varying tax landscape across Stevens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ford Tax Rate
1.01%
Average Stevens County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99013 | 0.71% | 0.89% | 1.01% | 1.21% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Ford, Washington
In Ford, 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 Ford, 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 Ford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 99013, amounting to $651, while the lowest median tax bill is also in the 99013 zip code, reflecting the same amount.
Average Ford Assessed Value
$71,626
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 Ford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99013 | $12,623 | $31,156 | $71,626 | $131,289 | $185,871 |
Source: Ownwell
Property Tax Bills Across Ford, Washington
In Ford, Stevens County, WA, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The median home price in Ford is $71,626. Tax bills can vary significantly, with the 25th percentile paying around $364, while the 75th percentile sees bills as high as $1,294. For homeowners in the 90th percentile, tax bills can reach up to $1,741. These figures highlight the variability in tax obligations, influenced by factors such as property size, location, and improvements. The assessed value is determined by the county assessor and is a critical factor in calculating the tax bill. Compared to the national median property tax rate of 0.99%, Ford’s tax rates might seem more or less favorable depending on individual circumstances. Homeowners must stay informed about their property’s assessed value and any changes in local tax rates, as these directly impact their annual tax bills. Understanding these elements can help homeowners better manage their financial planning and obligations.
Average Ford Tax Bill
$651
Average Stevens County Tax Bill
$1,378
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99013 | $189 | $364 | $651 | $1,294 | $1,741 |
Source: Ownwell