Soap Lake, Grant County, Washington Property Taxes
Median Soap Lake, WA effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Soap Lake, WA home value: $88,000
Median annual Soap Lake, WA tax bill: $798, $1,602 lower than the national median property tax bill of $2,400.
How are property taxes in Grant County calculated?
Property taxes in Soap Lake, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Soap Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Soap Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Soap Lake, Grant County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$915
$849
Property Tax Rates Across Soap Lake, Grant County, Washington
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Soap Lake, located in Grant County, Washington, the effective property tax rate is 1.04%. This rate is slightly above the national median property tax rate of 1.02%. When compared to other cities in Washington, Soap Lake's rate aligns with the state's median, reflecting consistent tax practices across the region. Additionally, the median property tax bill in Soap Lake is influenced by the local property values, which affects how much homeowners pay annually. It's essential for property owners to be aware of these rates as they directly impact their annual expenses and the value they receive from local services. Understanding these dynamics can help residents make informed decisions about property investments and appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Soap Lake Tax Rate
1.04%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Grant County Tax Rate
1.20%
Median Effective Washington Tax Rate
0.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Soap Lake, Grant County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98851 | 0.61% | 0.95% | 1.04% | 1.20% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Soap Lake, Grant County, Washington
When examining property taxes in Soap Lake, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Grant County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Grant County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Soap Lake. For example, the median home price in Soap Lake is $88,000, with tax bills ranging significantly across the county. Zip code 98851 has the highest median home price at $88,000.
Property Tax Assessment Values Across Soap Lake, Grant County, Washington
Source: Ownwell
$24,000
$111,233
$198,465
Median Soap Lake Market Value
$88,000
Median Grant County Market Value
$135,922
Median Washington Market Value
$482,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Soap Lake, Grant County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98851 | $4,605 | $19,260 | $88,000 | $174,845 | $260,030 |
Source: Ownwell
Property Tax Bills Across Soap Lake, Grant County, Washington
In Soap Lake, 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. For an average home priced at $88,000, the property tax bill can vary significantly. Homeowners in the 25th percentile might pay around $155 annually, while those in the 75th percentile could see bills as high as $1,762, and the top 10% might face bills up to $2,702. These figures highlight the variability in property tax burdens within the area. The median property tax bill in the region is $798, which is significantly lower than the national median of $2,400. This discrepancy means that while some homeowners enjoy lower tax bills, others may still find themselves paying more than expected.
Ownwell can assist homeowners in Soap Lake by providing expert property tax appeal services. By examining the assessed value and ensuring it aligns with the true market value, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share.
Median Soap Lake Tax Bill
$798
Median Grant County Tax Bill
$1,560
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Soap Lake, Grant County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98851 | $46 | $155 | $798 | $1,762 | $2,702 |
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 |