Soap Lake Rural, Grant County, Washington Property Taxes
Median SOAP LAKE RURAL, WA effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median SOAP LAKE RURAL, WA home value: $37,430
Median annual SOAP LAKE RURAL, WA tax bill: $737, $1,663 lower than the national median property tax bill of $2,400.
How are property taxes in Grant calculated?
Property taxes in SOAP LAKE RURAL, 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 RURAL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SOAP LAKE RURAL, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Soap Lake Rural, Grant County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.44%
Estimate Property Tax Bill
$539
$500
Ownwell’s SOAP LAKE RURAL Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in SOAP LAKE RURAL with just two data points.
By entering your property's estimated assessed value, our calculator applies SOAP LAKE RURAL’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grant County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Soap Lake Rural, Grant County, Washington
Local government entities set tax rates, which can vary widely within a state. This is because each county, including Grant County, estimates its required budget to provide services annually. The budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.
In Soap Lake Rural, located in Grant County, WA, the effective property tax rate is notably higher than the national median of 1.02%. This reflects the county's budgetary needs and the value of taxable properties. Compared to other cities in Washington, Soap Lake Rural's rate is higher than the state median of 1.44%, making it a significant consideration for property owners in the area. Understanding these rates is crucial for homeowners looking to manage their property tax liabilities effectively. By staying informed, property owners in Soap Lake Rural can better navigate the complexities of property taxes and potentially identify opportunities for appeals or exemptions.
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 Rural Tax Rate
1.44%
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 Rural, Grant County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Soap Lake Rural, Grant County, Washington
When examining property taxes in SOAP LAKE RURAL, 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's Office 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 RURAL.
For example, the median home price in SOAP LAKE RURAL is $37,430, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Soap Lake Rural, Grant County, Washington
Source: Ownwell
$24,000
$111,233
$198,465
Median Soap Lake Rural Market Value
$37,430
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 Rural, Grant County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Soap Lake Rural, Grant County, Washington
In Soap Lake Rural, located in Grant County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $37,430, significantly lower than the national median, which can result in lower tax bills. However, the amount homeowners pay can vary widely. For instance, the 25th percentile tax bill is about $185, while the 75th percentile reaches $1,748, and the 90th percentile climbs to $2,546. These variations are influenced by factors such as property improvements, neighborhood changes, and local government budgets.
High property taxes can strain homeowners, making it crucial to ensure their property is not over-assessed. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners challenge over-assessments, potentially lowering their tax bills. With a deep understanding of local tax systems and a commitment to client savings, Ownwell is a valuable ally in managing property tax expenses effectively.
Median Soap Lake Rural Tax Bill
$737
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 Rural, Grant County, 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 |