Property Taxes in Loon Lake, Washington
Median Loon Lake, Washington effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and lower than the Washington state median of 0.92%.
Median Loon Lake, Washington home value: $266,049
Median annual Loon Lake, Washington tax bill: $1,973, $427 lower than the national median property tax bill of $2,400.
How are property taxes in Stevens County calculated?
Property taxes in Loon Lake, Washington 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 Loon Lake's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Loon Lake, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Loon Lake Property Tax Calculator Work?
Use this Loon Lake property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Loon Lake's median effective tax rate of 0.72% — based on actual property records in Stevens County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Loon Lake's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Loon Lake: rates range from 0.72% in 99148 to 0.72% in 99148, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Loon Lake.
About Loon Lake Property Taxes
About Property Taxes in Loon Lake, Stevens, Washington
Loon Lake's median effective property tax rate of 0.72% is lower than the Washington state median of 0.92% and lower than the national median of 1.02%. This rate reflects the Stevens County base levy combined with local school district levies and Local improvement districts (LIDs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Loon Lake. Homeowners in the 99148 ZIP code carry a median effective rate of 0.72%, while those in the same ZIP also pay 0.72%. This reflects how school district boundaries and local assessment districts are drawn across Stevens County. Understanding which part of Loon Lake you live in can make a meaningful difference to your annual tax bill.
Loon Lake homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the July 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Loon Lake, Stevens County, Washington
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare LOON LAKE's effective property tax rate to other cities in Washington and the median property tax rates in Washington and the U.S.
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 Loon Lake Tax Rate
0.72%
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 Stevens County Tax Rate
0.74%
Median Effective Washington Tax Rate
0.92%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Loon Lake, Stevens County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99148 | 0.70% | 0.71% | 0.72% | 0.75% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Loon Lake, Stevens County, Washington
When examining property taxes in Loon Lake, Washington, 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. Stevens County 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Loon Lake is $266,049, with a median property tax bill of $1,973. Tax bills range from $981 at the 25th percentile to $4,310 at the 90th percentile, and 99148 has the highest median home price at $266,049.
Property Tax Assessment Values Across Loon Lake, Stevens County, Washington
Source: Ownwell
$93,678
$255,495
$417,312
Median Loon Lake Market Value
$266,049
Median Stevens County Market Value
$211,472
Median Washington Market Value
$501,600
Median United States Market Value
$274,101
Property Tax Assessment Values Across Loon Lake, Stevens County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99148 | $63,527 | $151,248 | $266,049 | $394,856 | $572,771 |
Source: Ownwell
Property Tax Bills Across Loon Lake, Stevens County, Washington
Property tax bills in Loon Lake are based on the assessed value of a home, not its market price alone. Local taxing authorities apply tax rates to that assessed value to determine the annual bill, and the amount can vary depending on exemptions, levies, and other local factors. With a median home price of $266,049, homeowners in the city can see very different tax outcomes depending on how their property is assessed.
The typical property tax bill in the area is $1,973, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. Bills in the area range from $981 at the 25th percentile to $3,000 at the 75th percentile, with the 90th percentile reaching $4,310. This means two homes with similar market values can still have very different tax bills if their assessed values or local tax rates differ. For homeowners, that can affect monthly budgeting and the long-term cost of owning a home.
Median Loon Lake Tax Bill
$1,973
Median Stevens County Tax Bill
$1,474
Median Washington Tax Bill
$4,512
Median United States Tax Bill
$3,209
Property Tax Bills Across Loon Lake, Stevens County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99148 | $367 | $981 | $1,973 | $3,000 | $4,310 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Stevens Tax Assessor | |
| Website | www.stevenscountywa.gov |