Quincy, Washington Property Taxes
The median property tax rate in Quincy, WA is 0.89%, slightly below the national median of 0.99% but just above the Washington state median of 0.88%. With a median home value of $619,100 in Quincy, the typical annual property tax bill amounts to $5,105, significantly higher than the national median of $2,690. Property taxes in Quincy are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Quincy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Quincy or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quincy, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$5,510
$5,383
Ownwell’s Quincy Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Quincy with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quincy to provide an estimate of your property tax bill. This valuable tool helps you comprehend potential tax liabilities. For those interested in neighborhood-level trends, scroll down to discover more localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Quincy, Washington
Property taxes in Quincy, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quincy is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Quincy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quincy estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Quincy's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98848 has both the highest and lowest median property tax rate at 0.89%. Understanding how these rates compare with Quincy provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quincy Tax Rate
0.89%
Average Douglas County Tax Rate
0.99%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quincy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98848 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Quincy, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Quincy, Washington. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Douglas County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Quincy, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Quincy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Quincy stands at $619,100, with tax bills ranging from $2,754 at the 25th percentile to $7,194 at the 90th percentile. The zip code 98848 has both the highest and lowest median tax bill at $5,105.
Average Quincy Assessed Value
$619,100
Average Douglas County Assessed Value
$332,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quincy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98848 | $79,600 | $376,500 | $619,100 | $735,000 | $807,000 |
Source: Ownwell
Property Tax Bills Across Quincy, Washington
In Quincy, located in Douglas County, WA, property tax bills are determined based on the assessed value of a home, which is influenced by various factors including market trends and property characteristics. The median home price in Quincy is $619,100, and this valuation plays a crucial role in calculating the tax bill. Homeowners in Quincy can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $2,754, while at the 75th percentile, it rises to $6,552. The 90th percentile tax bill can reach up to $7,194. These values are influenced by the local tax rate and the assessed property value. Compared to the national median property tax rate of 0.99%, Quincy’s tax bills reflect the specific economic and market conditions of the area. Homeowners need to be aware of these factors as they directly impact their annual financial obligations and the overall cost of owning property in Quincy.
Average Quincy Tax Bill
$5,105
Average Douglas County Tax Bill
$3,320
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Quincy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98848 | $597 | $2,754 | $5,105 | $6,552 | $7,194 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
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