Oakesdale, Washington Property Taxes
The median property tax rate in Oakesdale, WA is 1.88%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Oakesdale at $105,452, the typical annual property tax bill reaches $1,797, which is below the national median of $2,690. Property taxes in Oakesdale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oakesdale'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 Oakesdale 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
Oakesdale, 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 Oakesdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oakesdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakesdale 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 Oakesdale, Washington
Property taxes in Oakesdale, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakesdale is 1.88%, significantly higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Oakesdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakesdale 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 Oakesdale's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 99158 has the highest median property tax rate of 1.88%, while the lowest median tax rate in the same area is also 1.88%. Understanding how these areas compare with Oakesdale provides valuable insights into the varying tax landscape across Whitman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oakesdale Tax Rate
1.88%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakesdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99158 | 1.09% | 1.56% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Oakesdale, Washington
In Oakesdale, 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 Whitman 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 Oakesdale, 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 Oakesdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99158 has both the highest and lowest median tax bill at $1,797, reflecting the uniformity in property tax assessments within the area.
Average Oakesdale Assessed Value
$105,452
Average Whitman County Assessed Value
$117,153
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oakesdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99158 | $36,696 | $72,815 | $105,452 | $163,251 | $231,530 |
Source: Ownwell
Property Tax Bills Across Oakesdale, Washington
In Oakesdale, located in Whitman County, WA, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $105,452, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,150, while the 75th percentile reaches approximately $2,688, and the 90th percentile can be as high as $3,686. The property tax rate in Oakesdale is compared to the national median property tax rate of 0.99%, which helps to understand the local tax burden. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners in Oakesdale should be aware of these calculations to better manage their finances and anticipate their annual property tax obligations.
Average Oakesdale Tax Bill
$1,797
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakesdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99158 | $295 | $1,150 | $1,797 | $2,688 | $3,686 |
Source: Ownwell