Des Moines, Washington Property Taxes
The median property tax rate in Des Moines, WA is 1.25%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Des Moines at $319,250, the typical annual property tax bill reaches $3,989, exceeding the national median of $2,690. Property taxes in Des Moines are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Des Moines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Des Moines 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
Des Moines, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$3,991
$3,899
Ownwell’s Des Moines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Des Moines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Des Moines 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 Des Moines, Washington
Property taxes in Des Moines, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Des Moines is 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within Des Moines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Des Moines 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 Des Moines' effective property tax rate to other areas in Washington and the national median. For comparison, the 98198 zip code has the highest median property tax rate of 1.25%, while the same zip code also reflects the lowest median tax rate of 1.25%. Understanding how these cities compare with Des Moines 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 Des Moines Tax Rate
1.25%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Des Moines, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98198 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Des Moines, Washington
In Des Moines, 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 the Grant 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 Des Moines, 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. For example, the highest and lowest median tax bills in Des Moines are both $3989, found in the 98198 zip code. 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 Des Moines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Des Moines Assessed Value
$319,250
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 Des Moines, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98198 | $319,250 | $319,250 | $319,250 | $319,250 | $319,250 |
Source: Ownwell
Property Tax Bills Across Des Moines, Washington
In Des Moines, 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 is determined by the county assessor and reflects the market value of the property. Homeowners in Des Moines can expect their property tax bills to be influenced by various factors, including the overall budget needs of the county, school districts, and other local entities. The median home price in Des Moines is $319,250, and the property tax rate in Grant County is notably above the national median of 0.99%. This results in a median property tax bill of $3,989, which is consistent across the 25th, 75th, and 90th percentiles. The highest and lowest median tax bills in the area are both $3,989, indicating a uniformity in tax assessments. For homeowners, this means that property taxes can represent a significant annual expense, impacting their overall cost of living and potentially influencing their financial planning and housing decisions.
Average Des Moines Tax Bill
$3,989
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Des Moines, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98198 | $3,989 | $3,989 | $3,989 | $3,989 | $3,989 |
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 |