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Spokane, Ferry County, Washington Property Taxes

  • Median Spokane, WA effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Spokane, WA home value: $131,400

  • Median annual Spokane, WA tax bill: $1,051, $1,349 lower than the national median property tax bill of $2,400.

How are property taxes in Ferry County calculated?

Property taxes in Spokane, 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 Spokane’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spokane, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Spokane, Ferry County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$1,016

$942

Ownwell’s Spokane Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spokane with just two data points. By entering your property's estimated assessed value, our calculator applies Spokane’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ferry County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Spokane, Ferry County, Washington

Local government entities determine tax rates, which can differ significantly within a state. This variance is due to each county’s annual budget estimation for necessary services, which is then divided by the total value of all taxable property in its area, resulting in the property tax rate. While votes and legislation play roles in establishing these rates and budgets, this is the basic yearly procedure.

Spokane, located in Spokane County, WA, has an effective property tax rate that can be compared to other cities within Washington and the national average. Washington's median property tax rate stands at 0.93%, slightly below the national median of 1.02%. Spokane’s property tax rate reflects the unique budgetary needs and property values of its community, illustrating how local factors influence tax obligations. Understanding these differences can help property owners make informed decisions about their investments and potential savings opportunities. By considering local and national property tax trends, homeowners can better navigate their financial responsibilities and explore avenues for appealing or reducing their property tax burdens.

Property Tax Rates Across Spokane, Ferry County, Washington

Source: Ownwell

0.71%

0.83%

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 Spokane Tax Rate

0.78%

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 Ferry County Tax Rate

0.90%

Median Effective Washington Tax Rate

0.92%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spokane, Ferry County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
99208N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Spokane, Ferry County, Washington

When examining property taxes in Spokane, 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 Spokane 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 Spokane 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 Spokane.

For example, the median home price in Spokane is $131,400, with tax bills ranging significantly across the county. Comparatively, the national median property tax bill is $2,400.

Property Tax Assessment Values Across Spokane, Ferry County, Washington

Source: Ownwell

$73,000

$121,650

$170,300

Median Spokane Market Value

$130,200

Median Ferry County Market Value

$104,150

Median Washington Market Value

$501,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spokane, Ferry County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
99208N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Spokane, Ferry County, Washington

In Spokane, located in Ferry County, WA, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Factors such as location, property size, and home improvements can influence this assessed value. With a median home price of $131,400, property tax bills in Spokane can vary, but most homeowners face a consistent bill, as indicated by the 25th, 75th, and 90th percentiles all being $1,051. This amount is significantly lower than the national median property tax bill of $2,400, providing some relief to Spokane homeowners. However, even with relatively lower tax bills, homeowners can benefit from ensuring they are not overpaying. Ownwell assists by reviewing property assessments for inaccuracies, filing appeals on behalf of homeowners, and exploring available exemptions. By leveraging these services, homeowners can potentially reduce their property tax liabilities, ensuring they only pay their fair share.

Property Tax Bills Across Spokane, Ferry County, Washington

Source: Ownwell

$491

$958

$1,424

Median Spokane Tax Bill

$1,010

Median Ferry County Tax Bill

$856

Median Washington Tax Bill

$4,512

Median United States Tax Bill

$2,400

Property Tax Bills Across Spokane, Ferry County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
99208N/AN/AN/AN/AN/A

Source: Ownwell

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