Average Tax Assessment in Ferry County
Real Estate Values and Property Tax Valuation in Ferry County, Washington
Ferry County has a total of 3,582 properties with a cumulative value of $455.0M. This makes up 0.04% of all real estate value in Washington. Property taxes in Ferry County totaled $4.1M, with the average homeowner paying $1,202 in property taxes compared to the state average of $4,796. The average property tax rate in Ferry County is 0.90%, lower than the state average of 1.01%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Washington begins on January 1st when the property valuation date is set. Property value notices are issued from May to December and the property tax appeal deadline is July 1st or 30-60 days after the notice is issued. Finally, property tax bills are issued on February 14th.
Updated November 01, 2023
| Important Links | |
|---|---|
| Ferry Auditor / Recorder | (509) 775-5225 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | May - December |
| Property Tax Appeal Deadline: | July 1st or 30-60 days after notice |
| Property Tax Bills Issued: | February 14th |
| Real Property Tax Bill Due (1st of #): | April 30th |
| Real Property Tax Bill Due (2nd of #): | October 31st |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Not Available |
| Veteran | Available |
| Charitable | Available |
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Real Estate Statistics in Ferry County
Residential Property Taxes by Cities in Ferry County
Ferry County has an average property tax rate of 0.90%, which is slightly lower than the state average of 1.06%. This rate is applied to the assessed value of a property to calculate the total amount of taxes due. Property taxes in Ferry County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
The effective property tax rate in Ferry County varies across the cities, with Republic having the highest rate at 0.96% and Inchelium having the lowest rate at 0.73%. This means that property owners in Republic will pay more in taxes than those in Inchelium. Property taxes in Ferry County are an important source of revenue for the county and help to fund essential services.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Ferry County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Curlew | $10,640 | $39,900 | $87,300 | $149,600 | $224,080 |
| Inchelium | $8,000 | $24,100 | $53,700 | $137,325 | $236,430 |
| Kettle Falls | $17,550 | $88,025 | $148,600 | $222,750 | $317,950 |
| Republic | $17,930 | $54,000 | $107,050 | $178,675 | $260,170 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Ferry County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Curlew | $98 | $397 | $805 | $1,433 | $2,240 |
| Inchelium | $66 | $220 | $644 | $1,322 | $2,088 |
| Kettle Falls | $129 | $606 | $1,323 | $2,100 | $2,955 |
| Republic | $134 | $465 | $1,020 | $1,741 | $2,612 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Curlew | 0.92% | 0.99% | 0.92% | 0.96% | 1.00% |
| Inchelium | 0.83% | 0.91% | 1.20% | 0.96% | 0.88% |
| Kettle Falls | 0.74% | 0.69% | 0.89% | 0.94% | 0.93% |
| Republic | 0.75% | 0.86% | 0.95% | 0.97% | 1.00% |
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Real Estate Values in Ferry County
The median home price in Ferry County, Washington has remained steady at $579.9K from October 2022 to October 2023. The home inventory in Ferry County has increased from 39 in October 2022 to 50 in October 2023, indicating a slight increase in the number of homes available for sale. This suggests that the housing market in Ferry County is stable and that there is a healthy balance between buyers and sellers.
Average Home Value in Ferry County, Washington
Last updated: November 2023
Percent Change in Total Home Sales in Ferry County
Last updated: November 2023
Percent Change in New Home Listings in Ferry County
Last updated: November 2023
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Mortgage Rates in Ferry County
There are currently no outstanding loans in Ferry County for home mortgages. This is likely due to the fact that the median home value in Ferry County is relatively low compared to other counties in the state. The median home value in Ferry County is $163,400, which is significantly lower than the median home value of $223,400 in Washington State as a whole. This means that the total outstanding loan amount across home mortgages in Ferry County is zero.
The median mortgage rate in Ferry County is also lower than the median mortgage rate in other counties in the state. The median mortgage rate in Ferry County is 4.25%, while the median mortgage rate in Washington State is 4.75%. This indicates that there is a variation in mortgage rates across counties, with Ferry County having a lower rate than the state average. This could be beneficial for potential home buyers in Ferry County, as they may be able to secure a lower rate than they would in other counties.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Ferry County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Ferry County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Ferry County, Washington
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