Spokane, Washington Property Taxes
The median property tax rate in Spokane, WA is 1.48%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Spokane at $138,861, the typical annual property tax bill reaches $2,060, still below the national median of $2,690. Property taxes in Spokane 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 Spokane'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 Spokane 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
Spokane, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,055
$1,907
Ownwell’s Spokane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spokane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spokane 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 Spokane, Washington
Property taxes in Spokane, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spokane is 1.48%, notably higher than the U.S. national median of 0.99%. Local government entities within Spokane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spokane 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 Spokane's effective property tax rate to other areas in Whitman County and the national median. For comparison, the 99203 zip code has the highest median property tax rate of 1.61%, while the 99207 zip code has the lowest median tax rate of 1.48%. Understanding how these areas compare with Spokane 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 Spokane Tax Rate
1.48%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spokane, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99201 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
| 99202 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
| 99203 | 1.60% | 1.61% | 1.61% | 1.62% | 1.63% |
| 99207 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Spokane, Washington
In Spokane, 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 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 Spokane, 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. Spokane's highest median tax bill is $3,679 in the 99202 zip code, while the lowest median tax bill is $770 in the 99203 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Spokane Assessed Value
$138,861
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 Spokane, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99201 | $128,592 | $159,381 | $210,696 | $262,011 | $292,800 |
| 99202 | $248,002 | $248,002 | $248,002 | $248,002 | $248,002 |
| 99203 | $39,804 | $42,810 | $47,820 | $52,830 | $55,836 |
| 99207 | $169,656 | $169,656 | $169,656 | $169,656 | $169,656 |
Source: Ownwell
Property Tax Bills Across Spokane, Washington
Property tax bills in Spokane, Whitman County, WA, are determined by assessing the value of a property and applying the local tax rate. The assessed value is derived from the market value of the home, which is periodically evaluated by county assessors. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and improvements. For instance, the median home price in Spokane is $138,861. Property tax bills can vary significantly, with the 25th percentile at $1,094 and the 75th percentile at $3,389. The highest median tax bill recorded in the area is $3,679 in the 99202 zip code, while the lowest is $770 in the 99203 zip code. This variability affects homeowners differently, depending on their property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, the rates in Spokane can lead to a wide range of tax obligations, impacting household budgets accordingly.
Average Spokane Tax Bill
$2,060
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Spokane, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99201 | $1,908 | $2,364 | $3,126 | $3,887 | $4,344 |
| 99202 | $3,679 | $3,679 | $3,679 | $3,679 | $3,679 |
| 99203 | $647 | $693 | $770 | $847 | $894 |
| 99207 | $2,517 | $2,517 | $2,517 | $2,517 | $2,517 |
Source: Ownwell