Electric City, Washington Property Taxes
The median property tax rate in Electric City, WA is 1.04%, slightly higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Electric City, the typical annual property tax bill reaches $795, which is significantly lower than the national median of $2,690. Property taxes in Electric 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 Electric 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 Electric City or another part of Grant County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Electric City, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$841
$781
Ownwell’s ELECTRIC CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ELECTRIC CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ELECTRIC 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 Electric City, Washington
Property taxes in Electric City, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Electric City is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Electric City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Electric 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 Electric City's effective property tax rate to other areas in Grant County and the national median. For comparison, the 99123 zip code has the highest median property tax rate of 1.04%, while the 99123 zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Electric 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 Electric City Tax Rate
1.04%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Electric City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99123 | 0.79% | 0.93% | 1.04% | 1.34% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Electric City, Washington
In Electric 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. Assessment notices in Electric City 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 Electric City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $795.00 in zip code 99123, while the lowest is also $795.00 in the same zip code.
Property Tax Assessment Values Across Electric City, Washington
Source: Ownwell
$1,500
$170,439
$339,378
Average Electric City Assessed Value
$80,905
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 Electric City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99123 | $8,250 | $18,000 | $80,905 | $196,865 | $292,750 |
Source: Ownwell
Property Tax Bills Across Electric City, Washington
In Electric City, located in Grant County, WA, property tax bills are primarily determined by the assessed value of a home and the local tax rate. The median home price in Electric City is $80,905. Property taxes are calculated by multiplying the assessed value of the property by the local tax rate. This rate can vary based on the specific needs and budgets of local government entities and public services. The tax bill for homeowners in Electric City can range widely. At the 25th percentile, homeowners might pay around $256, while those in the 75th percentile could see bills as high as $1,890. For the top 10% of properties, tax bills can reach up to $2,827. These variations are influenced by factors such as property location, improvements, and market conditions. Compared to the national median property tax rate of 0.99%, the tax burden in Electric City can significantly impact homeowners, especially when considering the relatively lower median home price.
Average Electric City Tax Bill
$795
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Electric City, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99123 | $140 | $256 | $795 | $1,890 | $2,827 |
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 |