Grays River, Washington Property Taxes
The median property tax rate in Grays River, WA is 0.76%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Grays River at $207,100, the typical annual property tax bill amounts to $1,381, falling below the national median of $2,690. Property taxes in Grays River are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Grays River'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 Grays River or another part of Wahkiakum County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grays River, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,574
$1,538
Ownwell’s Grays River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grays River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grays River 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 Grays River, Washington
Property taxes in Grays River, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grays River is 0.76%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Grays River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grays River 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 Grays River's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98621 has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Grays River provides valuable insights into the varying tax landscape across Wahkiakum County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grays River Tax Rate
0.76%
Average Wahkiakum County Tax Rate
0.74%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grays River, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98621 | 0.36% | 0.63% | 0.76% | 0.83% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Grays River, Washington
In Grays River, 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 Wahkiakum County Appraisal District 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 Grays River, 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 Grays River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Grays River is $207,100, with median tax bills ranging from $837 at the 25th percentile to $2,556 at the 90th percentile. The highest and lowest median tax bills are both $1,381 in the 98621 zip code.
Property Tax Assessment Values Across Grays River, Washington
Source: Ownwell
$107,300
$197,425
$287,550
Average Grays River Assessed Value
$207,100
Average Wahkiakum County Assessed Value
$266,600
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grays River, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98621 | $79,360 | $121,700 | $207,100 | $283,775 | $360,270 |
Source: Ownwell
Property Tax Bills Across Grays River, Washington
In Grays River, WA, located within Wahkiakum County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. For instance, with a median home price of $207,100, the assessed value would be used to calculate the tax bill. The tax rate is applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including the property's location, its assessed value, and the specific tax rates set by local governing bodies. Homeowners in Grays River can expect a range of tax bills. For example, the 25th percentile tax bill is $837, while the 75th percentile tax bill is $2105. At the 90th percentile, the tax bill can reach as high as $2556. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making them a crucial aspect of community funding. The median property tax rate in Grays River is notably below the national median of 0.99%, offering some financial relief to homeowners in the area.
Average Grays River Tax Bill
$1,381
Average Wahkiakum County Tax Bill
$1,926
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Grays River, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98621 | $346 | $837 | $1,381 | $2,105 | $2,556 |
Source: Ownwell