Grandview, Washington Property Taxes
The median property tax rate in Grandview, WA is 0.69%, notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Grandview, the typical annual property tax bill reaches $1,840, which is significantly below the national median of $2,690. Property taxes in Grandview are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. 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 the city, 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
0.69%
Estimate Property Tax Bill
$1,849
$1,715
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 0.69%, lower than both the Washington state median 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 98930 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
0.69%
Average Franklin County Tax Rate
0.71%
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 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
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 Franklin 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 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. The median home price in Grandview is $267,900, with the highest and lowest median tax bills both recorded at $1,840 in zip code 98930. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grandview Assessed Value
$267,900
Average Franklin County Assessed Value
$384,600
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 | $267,900 | $267,900 | $267,900 | $267,900 | $267,900 |
Source: Ownwell
Property Tax Bills Across Grandview, Washington
In Grandview, WA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and reflects the market value of your property. This value is then multiplied by the local tax rate to calculate your annual property tax bill. For instance, homeowners in Grandview typically see a median tax bill of $1,840, which is consistent across various percentiles, including the 25th, 75th, and 90th. This uniformity indicates a stable tax rate within the city. Compared to the national median property tax rate of 0.99%, Grandview's rates are competitive, making it an attractive option for homeowners. Several factors influence the assessed value, including the property's location, size, and improvements. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. For homeowners, understanding these factors can help in planning and budgeting for annual expenses, ensuring they are well-prepared for their property tax obligations.
Average Grandview Tax Bill
$1,840
Average Franklin County Tax Bill
$2,758
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 | $1,840 | $1,840 | $1,840 | $1,840 | $1,840 |
Source: Ownwell