George Rural, Washington Property Taxes
The median property tax rate in George Rural, WA is 0.93%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $372,270 in George Rural, the typical annual property tax bill reaches $3,465, surpassing the national median of $2,690. Property taxes in George Rural are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding George 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 George 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
George Rural, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$3,462
$3,213
Ownwell’s George Rural Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in George Rural with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in George 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 George Rural, Washington
Property taxes in GEORGE 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 GEORGE RURAL is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within GEORGE RURAL set these rates annually, and they can vary significantly across different neighborhoods. Each year, GEORGE 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 GEORGE RURAL's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in Grant County is 1.20%, while the lowest median tax rate is 0.75%. Understanding how these areas compare with GEORGE 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 George Rural Tax Rate
0.93%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across George Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across George Rural, Washington
In George 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 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 George 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 George Rural helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average George Rural Assessed Value
$372,270
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 George Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across George Rural, Washington
In GEORGE RURAL, located in Grant County, WA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in GEORGE RURAL, the median home price stands at $372,270. Given this value, property taxes can significantly impact household budgets. For example, the tax bill at the 25th, 75th, and 90th percentiles is $3,465, which is notably higher than the national median property tax rate of 0.99%. These tax bills fund essential local services such as schools, public safety, and infrastructure, directly affecting the quality of life in the community. Homeowners need to be aware of these factors when budgeting and planning for homeownership in this region.
Average George Rural Tax Bill
$3,465
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across George 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 |