Example of Spokane County Property Tax Calculation
Spokane County calculates property tax by multiplying the assessed value of the property with the current tax rate. For example, if the assessed value of a property is $200,000 and the tax rate is 1%, the property tax would be $2,000.
The assessed value is determined by the county assessor's office based on factors such as the property's location, size, and condition. The tax rate is set by local jurisdictions such as the county, city, and school district.
Property taxes are used to fund essential services such as schools, police, fire departments, and infrastructure projects. The amount of property tax paid can vary depending on the location and assessed value of the property.
It is important to note that property tax rates and assessment methods can vary by state and even within counties. Property owners can contact their local assessor's office for specific information about their property tax calculation.
If you want appeal your property tax assessment - contact your local tax assessor.
Spokane County Property Tax Rates
The following table lists the Spokane County Property Tax rates per 100$ of assessed value, as of 2021:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County | $1.71 |
| School | $3.23 |
| Fire | $1.50 |
| Library | $0.47 |
| City/Town | Varies by location |
It is important to note that city/town property tax rates vary depending on the specific location within Spokane County. It is recommended to check with local government offices for more information on specific rates.
Who sets property tax rates in Spokane County ?
In Spokane County, property tax rates are set by the Spokane County Board of Commissioners. This typically occurs annually during the budgeting process. The exact timing may vary from year to year but the rates are typically established in the fall. These rates determine the amount that property owners in the county will owe in property taxes for the upcoming year. The rates are calculated based on a variety of factors including the county's budget needs, property values and other financial considerations. Property owners can find their specific tax rate by visiting the Spokane County Treasurer's website.
Homestead exemptions in Spokane County ?
To provide a comprehensive guide for Spokane County residents, the following table outlines all county-specific Homestead exemptions and deductions:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Senior Citizen/Disabled Veteran | Age 61 or older, or disabled veteran with 100% service-connected disability rating | Up to $60,000 | Must have owned and lived in the property for at least 10 years |
| Veterans | Honorably discharged veteran or spouse of deceased veteran | Up to $30,000 | Must have lived in the property for at least 6 months |
| Widows/Widowers | Surviving spouse of deceased homeowner | Up to $60,000 | Must have owned and lived in the property for at least 2 years |
| Long-Term Homeowners | Homeowners who have owned and lived in the property for at least 5 years | Up to $30,000 | - |
| Disability | Homeowner with qualifying disability | Up to $60,000 | Must have lived in the property for at least 5 years and meet certain income requirements |
It's important to note that these exemptions do not apply to rental properties or vacation homes. Additionally, some exemptions may require annual reapplication or have income limitations. Homeowners considering applying for an exemption should contact the Spokane County Assessor's Office for more information.
When is Spokane County Property Tax due ?
Spokane County Property Tax is typically due on April 30th of each year. However, if April 30th falls on a weekend or holiday, the due date is extended to the next business day. Property owners can choose from several convenient payment methods, including:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their taxes online using a credit/debit card or e-check. |
| Payments can be sent via mail in the form of a check or money order. | |
| In-person | Property owners can pay in person at the Spokane County Treasurer's office using cash, check, or credit/debit card. |
It's important to note that property owners who fail to pay their property taxes by the due date will incur penalties and interest charges. Additionally, unpaid property taxes can eventually result in a tax lien or foreclosure on the property.
To avoid these potential consequences, property owners are encouraged to make timely payments using one of the convenient methods listed above. By doing so, they can ensure that their property taxes are paid on time and avoid any unnecessary stress or financial burden.
If you have more questions - contact your local tax collector.
How is Spokane County Property Tax penalty calculated ?
Spokane County Property Tax Penalty Calculation:
When a property owner fails to pay their property taxes on time, Spokane County charges a penalty fee. The penalty is calculated based on the amount of tax owed and the number of days the payment is late.
The penalty for late payment is as follows:
- For payments made 1-30 days after the due date, a penalty of 3% of the tax owed is added.
- For payments made 31-60 days after the due date, a penalty of 8% of the tax owed is added.
- For payments made 61-90 days after the due date, a penalty of 12% of the tax owed is added.
- For payments made 91-120 days after the due date, a penalty of 16% of the tax owed is added.
- For payments made more than 120 days after the due date, a penalty of 20% of the tax owed is added.
For example, if a property owner owes $1,000 in property taxes and fails to pay on time, the penalty fees would be as follows:
- If paid 10 days late: $30 penalty fee (3% of $1,000)
- If paid 45 days late: $80 penalty fee (8% of $1,000)
- If paid 75 days late: $120 penalty fee (12% of $1,000)
- If paid 110 days late: $160 penalty fee (16% of $1,000)
- If paid 150 days late: $200 penalty fee (20% of $1,000)
It's important for property owners to pay their property taxes on time to avoid additional fees and penalties. For more information on Spokane County Property taxes, visit the Spokane County Treasurer's website.
We recommend contacting the Spokane County Tax Office or a local tax professional for the most up-to-date and accurate information.