Ephrata, Washington Property Taxes
The median property tax rate in Ephrata, WA is 1.32%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Ephrata, the typical annual property tax bill reaches $2,002, which is below the national median of $2,690. Property taxes in Ephrata are calculated based on the assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Ephrata'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 Ephrata 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
Ephrata, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$2,002
$1,956
Ownwell’s Ephrata Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ephrata with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ephrata to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ephrata, Washington
Property taxes in Ephrata, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ephrata is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ephrata set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ephrata 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 Ephrata's effective property tax rate to other counties in Washington and the national median. For comparison, the 98823 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Ephrata provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ephrata Tax Rate
1.32%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ephrata, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98823 | 1.10% | 1.26% | 1.32% | 1.45% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Ephrata, Washington
In Ephrata, Washington, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Grant County 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 Ephrata, 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 Ephrata helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $151,680, with tax bills ranging from $1,002 at the 25th percentile to $3,985 at the 90th percentile. Notably, the highest and lowest median tax bills are both $2,002 in the 98823 zip code.
Average Ephrata Assessed Value
$151,680
Average Grant County Assessed Value
$135,922
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ephrata, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98823 | $24,070 | $93,325 | $151,680 | $220,272 | $302,355 |
Source: Ownwell
Property Tax Bills Across Ephrata, Washington
In Ephrata, located in Grant County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value, determined by the county assessor, is an estimation of the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's location, size, and any improvements made. For homeowners in Ephrata, the median home price is $151,680, with tax bills varying significantly. At the 25th percentile, homeowners might pay around $1,002 annually, while those at the 75th percentile could see bills as high as $2,964. The highest tax bills, in the 90th percentile, can reach up to $3,985. Compared to the national median property tax rate of 0.99%, Ephrata's rates can be a critical consideration for homeowners, impacting their overall cost of living and financial planning. Understanding these factors can help homeowners manage their expenses more effectively.
Average Ephrata Tax Bill
$2,002
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ephrata, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98823 | $262 | $1,002 | $2,002 | $2,964 | $3,985 |
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 |
Links | |
|---|---|
| Grant Tax Assessor | |
| Website | grantwa-taxsifter.publicaccessnow.com |