Gifford, Washington Property Taxes
The median property tax rate in Gifford, WA is 0.69%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Gifford, the typical annual property tax bill reaches $1,010, significantly below the national median of $2,690. Property taxes in Gifford are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gifford'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 Gifford or another part of Stevens County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gifford, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Gifford Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Gifford. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Gifford to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more granular details, further localized information is available below. Your property's assessed value, determined by Stevens County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Gifford, Washington
Property taxes in Gifford, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Gifford is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Gifford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gifford 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 Gifford's effective property tax rate to other areas in Stevens County and the national median. For comparison, the 99131 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these areas compare with Gifford provides valuable insights into the varying tax landscape across Stevens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gifford Tax Rate
0.69%
Average Stevens County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gifford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99131 | 0.46% | 0.68% | 0.69% | 0.74% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Gifford, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gifford, 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 Stevens 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 Gifford, 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. For instance, the median home price in Gifford is $144,962, with tax bills ranging from $505 at the 25th percentile to $2,631 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 99131, at $1,010. Being aware of these valuation processes in Gifford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gifford Assessed Value
$144,962
Average Stevens County Assessed Value
$158,721
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gifford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99131 | $41,518 | $87,736 | $144,962 | $242,016 | $352,912 |
Source: Ownwell
Property Tax Bills Across Gifford, Washington
Property tax bills in Gifford, located in Stevens County, WA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For instance, the median home price in Gifford is $144,962. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. Homeowners in Gifford can expect varying tax bills, with the 25th percentile at $505 and the 75th percentile at $1937, indicating a wide range of possible tax amounts. At the 90th percentile, tax bills can reach up to $2631. Compared to the national median property tax rate of 0.99%, Gifford's tax rates reflect the specific economic and real estate conditions of the area. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community and its residents.
Average Gifford Tax Bill
$1,010
Average Stevens County Tax Bill
$1,378
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Gifford, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99131 | $265 | $505 | $1,010 | $1,937 | $2,631 |
Source: Ownwell