Quincy, Washington Property Taxes
The median property tax rate in Quincy, WA is 0.94%, slightly below the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $198,465 in Quincy, the typical annual property tax bill amounts to $1,769, which is lower than the national median of $2,690. Property taxes in Quincy are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Quincy'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 Quincy 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
Quincy, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,866
$1,823
Ownwell’s Quincy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quincy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quincy 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 Quincy, Washington
Property taxes in Quincy, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quincy is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Quincy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quincy 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 Quincy's effective property tax rate to other areas in Grant County and the national median. For comparison, the zip code 98848 has both the highest and lowest median property tax rate of 0.94%, matching Quincy's rate. Understanding how these cities compare with Quincy 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 Quincy Tax Rate
0.94%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quincy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98848 | 0.75% | 0.81% | 0.94% | 1.03% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Quincy, Washington
In Quincy, 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 Quincy, 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 Quincy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Quincy is $198,465, with property tax bills ranging from $662 at the 25th percentile to $3,749 at the 90th percentile. The zip code 98848 has the highest and lowest median tax bill at $1,769.
Average Quincy Assessed Value
$198,465
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 Quincy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98848 | $25,355 | $88,808 | $198,465 | $295,905 | $376,394 |
Source: Ownwell
Property Tax Bills Across Quincy, Washington
In Quincy, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the Grant County assessor. The median home price in Quincy is $198,465. Homeowners in this area can expect varying tax bills depending on several factors, including the assessed value and applicable tax rates. The tax bill for the 25th percentile is $662, while for the 75th percentile, it rises to $2,704, and for the 90th percentile, it reaches $3,749. The tax rate in Quincy is influenced by local government budgets, school funding, and other municipal services. This rate is applied to the assessed value of the property to determine the annual tax bill. For comparison, the national median property tax rate is 0.99%, which can help put Quincy's property taxes into perspective. Understanding these factors is crucial for homeowners as property taxes significantly impact annual expenses and overall affordability of homeownership.
Average Quincy Tax Bill
$1,769
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Quincy, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98848 | $152 | $662 | $1,769 | $2,704 | $3,749 |
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 |