Nespelem, Okanogan County, Washington Property Taxes
Median Nespelem, WA effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, and higher than the Washington state median of 0.92%.
Median Nespelem, WA home value: $27,200
Median annual Nespelem, WA tax bill: $278, $2,122 lower than the national median property tax bill of $2,400.
How are property taxes in Okanogan County calculated?
Property taxes in Nespelem, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Nespelem's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nespelem, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nespelem, Okanogan County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$258
$240
Property Tax Rates Across Nespelem, Okanogan County, Washington
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually calculates its budget needs for essential services and divides that by the total value of all taxable properties within the area. This process determines the property tax rate. While votes and regulations play a role in setting these rates and budgets, this is the core of the annual procedure.
In Nespelem, located in Okanogan County, the effective property tax rate is a reflection of this process. Notably, the property tax rate here is lower compared to other counties in Washington. When compared to the national median property tax rate of 1.02%, Nespelem's rate stands out as more favorable. The median property tax bill in the U.S. is $2,400, highlighting how Nespelem offers a more budget-friendly option for property owners. Whether you're a homeowner or considering a purchase, understanding the local property tax landscape can significantly impact your financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Nespelem Tax Rate
0.95%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Okanogan County Tax Rate
0.85%
Median Effective Washington Tax Rate
0.92%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nespelem, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99155 | 0.74% | 0.84% | 0.95% | 1.04% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Nespelem, Okanogan County, Washington
When examining property taxes in Nespelem, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Okanogan County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Okanogan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Nespelem. For example, the median home price in Nespelem is $27,200, with tax bills ranging significantly across the county. Zip code 99155 has the highest median home price at $27,200.
Property Tax Assessment Values Across Nespelem, Okanogan County, Washington
Source: Ownwell
$27,200
$304,000
$580,800
Median Nespelem Market Value
$27,200
Median Okanogan County Market Value
$177,100
Median Washington Market Value
$501,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nespelem, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99155 | $2,500 | $3,500 | $27,200 | $53,750 | $130,250 |
Source: Ownwell
Property Tax Bills Across Nespelem, Okanogan County, Washington
Median Nespelem Tax Bill
$278
Median Okanogan County Tax Bill
$1,530
Median Washington Tax Bill
$4,512
Median United States Tax Bill
$2,400
Property Tax Bills Across Nespelem, Okanogan County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99155 | $41 | $117 | $278 | $614 | $1,169 |
Source: Ownwell