Grandview, Washington Property Taxes
The median property tax rate in Grandview, WA is 1.01%, slightly above both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Grandview at $203,320, the typical annual property tax bill reaches $2,151, which is still below the national median of $2,690. Property taxes in Grandview are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Grandview'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 Grandview or another part of Benton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grandview, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,054
$1,906
Ownwell’s Grandview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grandview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grandview 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 Grandview, Washington
Property taxes in Grandview, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandview is 0.98%, slightly lower than both the Washington state median of 1.03% and the U.S. national median of 0.99%. Local government entities within Grandview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandview 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 Grandview's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in Benton County is 1.05%, while the lowest median tax rate is 0.90%. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
1.01%
Average Benton County Tax Rate
0.98%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandview, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98930 | 1.00% | 1.00% | 1.01% | 1.12% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Grandview, Washington
In Grandview, 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 Benton 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 Grandview, 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 Grandview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98930 has both the highest and lowest median tax bill at $2,151, illustrating the range of tax burdens within the area.
Average Grandview Assessed Value
$203,320
Average Benton County Assessed Value
$282,560
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandview, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98930 | $108,266 | $147,040 | $203,320 | $274,210 | $332,082 |
Source: Ownwell
Property Tax Bills Across Grandview, Washington
In Grandview, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the Benton County Assessor's Office. The assessed value typically reflects a percentage of the market value of the property. For homeowners in Grandview, the median home price stands at $203,320. Property tax rates are applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions or deductions. In Grandview, the tax bill for the 25th percentile is around $1,497, while homeowners in the 75th percentile pay approximately $2,818. Those at the 90th percentile see tax bills reaching up to $3,471. Comparing these figures to the national median property tax rate of 0.99%, Grandview's tax rates reflect the local economic conditions and funding requirements for public services. This system ensures that property taxes are fairly distributed, but it also means that homeowners need to be mindful of fluctuations in assessed values and tax rates, which can significantly impact their annual expenses.
Average Grandview Tax Bill
$2,151
Average Benton County Tax Bill
$2,407
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandview, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98930 | $743 | $1,497 | $2,151 | $2,818 | $3,471 |
Source: Ownwell