Moses Lake, Washington Property Taxes
The median property tax rate in Moses Lake, WA is 1.24%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Moses Lake at $177,348, the typical annual property tax bill reaches $2,210, slightly below the national median of $2,690. Property taxes in Moses Lake 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 Moses Lake'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 Moses Lake 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
Moses Lake, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,199
$2,148
Ownwell’s Moses Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moses Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moses Lake 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 Moses Lake, Washington
Property taxes in Moses Lake, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moses Lake is 1.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Moses Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moses Lake 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 Moses Lake's effective property tax rate to other counties in Washington and the national median. For comparison, the 98837 zip code has the highest median property tax rate of 1.24%, while the same 98837 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Moses Lake 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 Moses Lake Tax Rate
1.24%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moses Lake, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98837 | 0.98% | 1.14% | 1.24% | 1.34% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Moses Lake, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moses Lake, Washington. The market value represents 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. In Moses Lake, 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. For instance, the median home price in Moses Lake is $177,348, and the tax bill can vary significantly. The 25th percentile tax bill is around $1,053, while the 75th percentile reaches $3,179, and the 90th percentile climbs to $4,337. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moses Lake Assessed Value
$177,348
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 Moses Lake, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98837 | $20,000 | $97,429 | $177,348 | $265,429 | $365,072 |
Source: Ownwell
Property Tax Bills Across Moses Lake, Washington
In Moses Lake, located in Grant County, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessment takes into account various factors such as the property's market value, improvements, and any applicable exemptions. Homeowners in Moses Lake experience a range of property tax bills, with the 25th percentile at $1,053 and the 75th percentile at $3,179. The 90th percentile reaches up to $4,337, reflecting the higher end of the tax spectrum. The median home price in Moses Lake stands at $177,348, and property taxes in this area are influenced by both local tax rates and the assessed property values. Compared to the national median property tax rate of 0.99%, Moses Lake's property taxes can vary significantly, impacting homeowners differently based on their property's specific assessment. High property taxes can affect affordability and overall cost of living, making it essential for homeowners to understand how their tax bills are determined and to explore potential exemptions or appeals if necessary.
Average Moses Lake Tax Bill
$2,210
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Moses Lake, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98837 | $262 | $1,053 | $2,210 | $3,179 | $4,337 |
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 |