Othello Rural, Washington Property Taxes
The median property tax rate in Othello Rural, WA is 10.75%, significantly higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Othello Rural at $3,800, the typical annual property tax bill is $409, which is below the national median of $2,690. Property taxes in Othello 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 Othello 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 Othello Rural 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
Othello Rural, 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 Rural Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Othello Rural with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Othello 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 Othello Rural, Washington
Property taxes in Othello 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 Othello Rural is 0.75%, 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 Rural set these rates annually, and they can vary significantly across different neighborhoods. Each year, Othello 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 Othello 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 state is found in King County at 1.01%, while the lowest median tax rate is in Ferry County at 0.61%. Understanding how these areas compare with Othello 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 Othello Rural Tax Rate
10.75%
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 Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Othello Rural, Washington
In Othello 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 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 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 Othello 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 $3,800, with tax bills ranging from $409 at the 25th percentile to $1,687 at the 90th percentile.
Property Tax Assessment Values Across Othello Rural, Washington
Source: Ownwell
$1,500
$170,439
$339,378
Average Othello Rural Assessed Value
$3,800
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 Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Othello Rural, Washington
In Othello Rural, Grant County, WA, property tax bills are calculated based on the assessed value of your home. The county assessor determines this value, which is then multiplied by the local tax rate to calculate your annual tax bill. For homeowners in Othello Rural, the median home price is $3,800. Property tax bills in the area vary significantly, with the 25th percentile tax bill at $409, the 75th percentile at $423, and the 90th percentile reaching as high as $1,687. These variations reflect differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, the tax rates in Othello Rural can result in relatively lower or higher tax bills, impacting homeowners' financial planning. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Othello Rural Tax Bill
$409
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 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 |