Royal City, Washington Property Taxes
The median property tax rate in Royal City, WA is 1.18%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Royal City, the typical annual property tax bill reaches $1,338, falling below the national median of $2,690. Property taxes in Royal City 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 Royal City'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 Royal City 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
Royal City, 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 Royal City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Royal City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Royal City 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 Royal City, Washington
Property taxes in Royal City, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Royal City is 1.18%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Royal City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Royal City 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 Royal City's effective property tax rate to other counties in Washington and the national median. For comparison, the 99357 zip code has the highest median property tax rate of 1.18%, while the same 99357 zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Royal City 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 Royal City Tax Rate
1.18%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Royal City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99357 | 0.80% | 1.11% | 1.18% | 1.30% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Royal City, Washington
In Royal City, 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 Royal City, 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 Royal City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Royal City are both $1,338, with the zip code 99357.
Average Royal City Assessed Value
$120,988
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 Royal City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99357 | $4,020 | $31,344 | $120,988 | $193,168 | $272,898 |
Source: Ownwell
Property Tax Bills Across Royal City, Washington
In Royal City, Grant County, WA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, and the local tax rate is set by various taxing authorities, including the county and local school districts. For example, with a median home price of $120,988, homeowners can expect tax bills to vary significantly. The 25th percentile tax bill is around $390, while the 75th percentile tax bill reaches $2,228, and the 90th percentile can go up to $3,101. These figures show a wide range due to differences in property values and specific tax rates applied to each property. Compared to the national median property tax rate of 0.99%, Royal City's rates can be relatively moderate or quite high, affecting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their annual financial obligations and budget accordingly.
Average Royal City Tax Bill
$1,338
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Royal City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99357 | $35 | $390 | $1,338 | $2,228 | $3,101 |
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 |