Royal City Rural, Washington Property Taxes
The median property tax rate in Royal City Rural, WA is 1.22%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Royal City Rural, the typical annual property tax bill reaches $612, which is below the national median of $2,690. Property taxes in Royal City 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 Royal City 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 Royal City Rural 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
Royal City Rural, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$536
$524
Ownwell’s Royal City Rural Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Royal City Rural with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Royal City 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 Royal City Rural, Washington
Property taxes in Royal City Rural, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Royal City Rural is 1.22%, significantly higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Royal City Rural set these rates annually, and they can vary significantly across different neighborhoods. Each year, Royal City 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 Royal City 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 zip code 98039 at 1.35%, while the lowest median tax rate is in zip code 99124 at 0.64%. Understanding how these areas compare with Royal City 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 Royal City Rural Tax Rate
1.22%
Average Grant County Tax Rate
1.20%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Royal City Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Royal City Rural, Washington
In Royal City 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'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. Assessment notices in Royal City Rural 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 Royal City Rural helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Royal City Rural, Washington
Source: Ownwell
$1,500
$170,439
$339,378
Average Royal City Rural Assessed Value
$43,970
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 Royal City Rural, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Royal City Rural, Washington
In Royal City Rural, Grant County, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The tax rate in this region is influenced by various factors, including funding requirements for public services such as schools, infrastructure, and emergency services. For homeowners in Royal City Rural, the median home price is $43,970. The property tax bills can vary significantly, with the 25th percentile paying around $509 annually, while those in the 75th percentile see bills closer to $1,867. For the top 10% of property owners, tax bills can reach up to $3,902. Compared to the national median property tax rate of 0.99%, Royal City Rural's tax rates impact homeowners differently based on their property's assessed value. These taxes are crucial for maintaining and improving community services, but they also represent a significant expense for homeowners, especially those with higher-valued properties.
Average Royal City Rural Tax Bill
$612
Average Grant County Tax Bill
$1,560
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Royal City 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 |