Othello, Washington Property Taxes
The median property tax rate in Othello, WA, is 1.26%, significantly higher than both the national median of 0.99% and Washington's state median of 0.88%. With a median home value of $79,705 in Othello, the typical annual property tax bill is about $984, which is lower than the national median of $2,690. Property taxes in Othello are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Othello's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Othello or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Othello, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Othello Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Othello with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Othello 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 Othello, Washington
Property taxes in Othello, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Othello is 0.79%, which is lower than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Othello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Othello 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 Othello's effective property tax rate to other counties in Washington and the national median. For comparison, the 99344 zip code has the same median property tax rate of 0.79%. Understanding how these cities compare with Othello 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 Othello Tax Rate
1.26%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Othello, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99344 | 1.00% | 1.18% | 1.26% | 1.50% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Othello, Washington
In Othello, 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 Othello, 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 Othello helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 99344 has the highest and lowest median tax bill at $984.
Average Othello Assessed Value
$79,705
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 Othello, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99344 | $17,361 | $34,971 | $79,705 | $165,699 | $269,658 |
Source: Ownwell
Property Tax Bills Across Othello, Washington
In Othello, 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 median home price in Othello is $79,705. Property tax rates are then applied to this assessed value to determine the tax bill. Factors such as local tax levies, school district funding, and municipal services influence the overall tax rate. Homeowners in Othello can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is around $521, while the 75th percentile tax bill reaches $1,987. At the higher end, the 90th percentile tax bill can go up to $3,312. The median property tax rate in Othello stands at 0.99%, aligning with the national median. These taxes significantly impact homeowners by affecting their annual expenses and potentially influencing their decisions on homeownership and investments. Understanding these factors can help homeowners better plan for their financial future.
Average Othello Tax Bill
$984
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Othello, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99344 | $249 | $521 | $984 | $1,987 | $3,312 |
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 |