Kettle Falls, Washington Property Taxes
The median property tax rate in Kettle Falls, WA is 0.86%, 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 Kettle Falls at $148,376, the typical annual property tax bill is $1,238, significantly below the national median of $2,690. Property taxes in Kettle Falls are calculated based on the tax assessed value, which often falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kettle Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kettle Falls or another part of Stevens County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kettle Falls, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,276
$1,184
Ownwell’s Kettle Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kettle Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kettle Falls 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 Kettle Falls, Washington
Property taxes in Kettle Falls, Washington, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kettle Falls is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Kettle Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kettle Falls 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 Kettle Falls' effective property tax rate to other areas in Stevens County and the national median. For comparison, the 99141 zip code has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these areas compare with Kettle Falls 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 Kettle Falls Tax Rate
0.86%
Average Stevens County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kettle Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99141 | 0.60% | 0.76% | 0.86% | 0.92% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Kettle Falls, Washington
In Kettle Falls, 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 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 Kettle Falls, 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. The median home price in Kettle Falls is $148,376, with tax bills ranging from $663 at the 25th percentile to $2,664 at the 90th percentile. The zip code 99141 has the highest and lowest median tax bill at $1,238. 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 Kettle Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kettle Falls, Washington
Source: Ownwell
$71,626
$181,244
$290,862
Average Kettle Falls Assessed Value
$148,376
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 Kettle Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99141 | $43,856 | $93,173 | $148,376 | $219,958 | $311,667 |
Source: Ownwell
Property Tax Bills Across Kettle Falls, Washington
In Kettle Falls, located in Stevens County, WA, property tax bills are determined by the assessed value of a home and the local tax rate. Homeowners in Kettle Falls can expect property taxes to be calculated based on the median home price of $148,376. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners, this means that the amount they owe in property taxes can vary significantly. For example, at the 25th percentile, property tax bills are around $663, while at the 75th percentile, they can reach up to $1,911. At the 90th percentile, homeowners might see tax bills as high as $2,664. These figures highlight the range of property tax burdens within the community. Comparatively, the median property tax rate in Kettle Falls is relatively low, especially when contrasted with the national median property tax rate of 0.99%. This can make Kettle Falls an attractive option for homeowners looking to manage their property tax expenses effectively.
Average Kettle Falls Tax Bill
$1,238
Average Stevens County Tax Bill
$1,378
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kettle Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99141 | $273 | $663 | $1,238 | $1,911 | $2,664 |
Source: Ownwell