Quincy Rural, Washington Property Taxes
The median property tax rate in Quincy Rural, WA is 1.08%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Quincy Rural, the typical annual property tax bill reaches $792, which is significantly lower than the national median of $2,690. Property taxes in Quincy 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 Quincy 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 Quincy 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
Quincy Rural, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$630
$585
Ownwell’s Quincy Rural Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quincy Rural with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quincy 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 Quincy Rural, Washington
Property taxes in Quincy Rural, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quincy Rural is 1.08%, higher than both the Washington state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Quincy Rural set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quincy 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 Quincy Rural's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in Washington is found in Jefferson County, with a rate of 1.25%, while the lowest median tax rate is in Adams County, at 0.68%. Understanding how these cities compare with Quincy 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 Quincy Rural Tax Rate
1.08%
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 Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Quincy Rural, Washington
In Quincy 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 Quincy 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. Understanding the distinction between these valuation concepts allows property owners to better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Quincy Rural helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, homes in the 25th percentile have tax bills around $399, while those in the 75th percentile see bills up to $2,226.
Average Quincy Rural Assessed Value
$58,372
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 Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Quincy Rural, Washington
In Quincy Rural, located in Grant County, WA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. The median home price in Quincy Rural is $58,372, which serves as a baseline for calculating property taxes. Homeowners in this area experience varying tax bills depending on the value of their property. For instance, those in the 25th percentile pay around $399, while those in the 75th percentile face tax bills closer to $2,226. At the higher end, the 90th percentile tax bills can reach up to $3,346. These figures highlight the range of property tax obligations within the community. Factors such as property improvements, local tax rates, and exemptions can influence the final tax bill. Compared to the national median property tax rate of 0.99%, Quincy Rural's rates impact homeowners differently, potentially affecting their financial planning and homeownership costs. Understanding these factors is crucial for managing property tax liabilities effectively.
Average Quincy Rural Tax Bill
$792
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 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 |