Real Estate Values and Property Tax Valuation in Spokane, Washington

The city of Spokane has 94,880 properties with a cumulative value of $29.3B, representing 57.77% of all real estate value in Spokane County. Property taxes in Spokane are collected across these 94,880 properties, totaling $327.1M. The average homeowner in Spokane pays $3,475 in property taxes, which is slightly higher than the county average of $3,455. Property taxes are based on the assessed value of the property, which is determined by the local assessor's office.

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.

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
SeniorAvailable
DisabledAvailable
HomesteadNot Available
VeteranAvailable
CharitableAvailable

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Ownwell will evaluate your property tax assessment, build a case, and file an appeal. With our Savings-or-Free guarantee, only pay 25% of your property tax bill savings!

Real Estate Statistics in Spokane, Washington

Total Real Estate Value
$29.3B
Total Real Property Taxes
$327.1M
Average Property Tax Rate
1.12%
# of Real Properties
94,880

Residential Property Tax by ZIP code in Spokane, Washington

Property taxes in Spokane are relatively low compared to the rest of the state. The average property tax rate in Spokane is 1.12%, while the average property tax rate in Spokane County is 1.11%. This means that property owners in Spokane pay slightly more than the average for the county.

Property tax rates vary across Spokane ZIP codes, with the highest effective property tax rate in 99212 at 1.27%, and the lowest effective property tax rate in 99201 at 0.99%. This variation is due to differences in home values across ZIP codes. Generally, the higher the home value, the higher the effective property tax rate.

Tax Assessment Value

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Spokane, Washington. 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.

ZIP Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
99201$78,280$134,200$176,100$244,500$415,228
99202$134,800$169,100$215,705$267,012$326,250
99203$240,556$285,200$349,950$459,645$620,774
99204$210,460$256,995$314,300$404,590$542,200
99205$162,100$190,400$220,800$253,400$288,600
99206$215,800$280,100$356,480$485,600$632,808
99207$139,600$162,400$188,800$219,900$251,310
99208$194,120$249,400$307,500$397,800$509,180
99212$167,844$243,162$313,700$402,750$497,470
99217$128,000$179,400$238,700$333,375$470,678
99218$236,500$285,200$327,600$388,100$468,800
99223$228,300$276,000$348,900$448,900$614,540
99224$65,170$214,700$330,250$444,075$594,137

Property Tax Bill

This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Spokane, Washington.

ZIP Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
99201$478$1,341$1,955$2,610$4,093
99202$1,178$1,872$2,478$3,096$3,805
99203$2,641$3,278$4,057$5,358$7,246
99204$2,387$2,988$3,679$4,709$6,396
99205$1,554$2,129$2,542$2,940$3,355
99206$2,574$3,578$4,433$5,730$7,217
99207$1,280$1,805$2,169$2,554$2,932
99208$1,995$2,859$3,524$4,512$5,728
99212$1,719$3,050$4,168$5,332$6,486
99217$843$2,006$2,742$3,920$5,654
99218$2,382$3,220$3,734$4,428$5,363
99223$2,540$3,199$4,170$5,407$7,417
99224$589$2,162$3,530$4,835$6,468

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.

ZIP Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
99201 0.61% 1.00% 1.11% 1.07% 0.99%
99202 0.87% 1.11% 1.15% 1.16% 1.17%
99203 1.10% 1.15% 1.16% 1.17% 1.17%
99204 1.13% 1.16% 1.17% 1.16% 1.18%
99205 0.96% 1.12% 1.15% 1.16% 1.16%
99206 1.19% 1.28% 1.24% 1.18% 1.14%
99207 0.92% 1.11% 1.15% 1.16% 1.17%
99208 1.03% 1.15% 1.15% 1.13% 1.12%
99212 1.02% 1.25% 1.33% 1.32% 1.30%
99217 0.66% 1.12% 1.15% 1.18% 1.20%
99218 1.01% 1.13% 1.14% 1.14% 1.14%
99223 1.11% 1.16% 1.20% 1.20% 1.21%
99224 0.90% 1.01% 1.07% 1.09% 1.09%

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Ownwell will evaluate your property tax assessment, build a case, and file an appeal. With our Savings-or-Free guarantee, only pay 25% of your property tax bill savings!

Real Estate Values in Spokane, Washington

Median Sale Price
$380.0K
Total Inventory
561
% Change in Median Sale Price
1.88%
12-month Change

Average Home Value in Spokane, Washington

Last updated: November 2023

Average home value over time in Spokane, Washington

Last updated: November 2023

Total unique home listings in Spokane, Washington

Last updated: November 2023

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Housing Expenses in Spokane, Washington

Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.

Monthly Consumer Expenses for West region

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Frequently asked questions

We currently operate in Texas, California, Washington, Georgia, Florida and Illinois.
We use a private national data provider that cross-references with county recorder's offices to verify ownership. If in the event our system is unable to verify the property, our team will take further steps to investigate ownership and reach out to the customer for confirmation.
Our success rate varies across geographies; however, in any given year, we typically win more than 70% of our cases, saving clients an average of $1,457 on their property taxes.
Yes, in the market areas we serve, we have a dedicated Property Tax Consultant that is physically present in the market they are servicing. The specialist assigned to your property has the necessary geographical competence to provide exemplary service!
The average property tax rate in Spokane is 1.12%.
The following exemptions and discounts are available in Spokane: Charitable, Disabled, Senior and Veteran