Ephrata Rural, Washington Property Taxes
The median property tax rate in Ephrata Rural, WA is 1.36%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $61,100 in Ephrata Rural, the typical annual property tax bill reaches $1,443, exceeding the national median of $2,690. Property taxes in Ephrata Rural 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 Ephrata Rural'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 Ephrata Rural 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
Ephrata Rural, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$831
$771
Ownwell’s Ephrata Rural Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ephrata Rural with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ephrata Rural 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 Ephrata Rural, Washington
Property taxes in Ephrata Rural, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ephrata Rural is 1.36%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Ephrata Rural set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ephrata Rural 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 Ephrata Rural's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in the region is significantly above the national median, while the lowest median tax rate is still competitive. Understanding how these areas compare with Ephrata Rural 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 Ephrata Rural Tax Rate
1.36%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ephrata Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Ephrata Rural, Washington
In Ephrata Rural, 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's Office 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 Ephrata Rural, 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 Ephrata Rural helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $61,100, with annual tax bills ranging from $624 at the 25th percentile to $5,110 at the 90th percentile.
Property Tax Assessment Values Across Ephrata Rural, Washington
Source: Ownwell
$1,500
$170,439
$339,378
Average Ephrata Rural Assessed Value
$61,100
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 Ephrata Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Ephrata Rural, Washington
In Ephrata Rural, located in Grant County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in this area, the median home price is $61,100. Property taxes can vary significantly; the 25th percentile tax bill is $624, while the 75th percentile reaches $3,428, and the 90th percentile is as high as $5,110. These variations depend on factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Ephrata Rural may find their tax bills to be relatively moderate or high, depending on their property's valuation. Understanding these factors is crucial for homeowners as property taxes directly impact annual household expenses and long-term financial planning.
Average Ephrata Rural Tax Bill
$1,443
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ephrata Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
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 |