Grayland, Washington Property Taxes
The median property tax rate in Grayland, WA is 1.29%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Grayland, the typical annual property tax bill reaches $1,881, which is lower than the national median of $2,690. Property taxes in Grayland 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 Grayland'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 Grayland 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
Grayland, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,055
$1,907
Ownwell’s Grayland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grayland 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 Grays Harbor County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Grayland, Washington
Property taxes in Grayland, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grayland is 1.29%, higher than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Grayland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grayland 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 Grayland's effective property tax rate to other counties in Washington and the national median. For comparison, the 98547 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Grayland provides valuable insights into the varying tax landscape across Grays Harbor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grayland Tax Rate
1.29%
Average Grays Harbor County Tax Rate
1.12%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grayland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98547 | 1.02% | 1.12% | 1.29% | 1.39% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Grayland, Washington
In Grayland, 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 Grays Harbor 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 Grayland, 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. Grayland has a median home price of $159,317, with tax bills ranging from $1,094 at the 25th percentile to $4,186 at the 90th percentile. The zip code 98547 has the highest and lowest median tax bill of $1,881. Being aware of these valuation processes in Grayland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grayland Assessed Value
$159,317
Average Grays Harbor County Assessed Value
$186,974
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grayland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98547 | $49,179 | $87,455 | $159,317 | $247,403 | $357,836 |
Source: Ownwell
Property Tax Bills Across Grayland, Washington
In Grayland, located in Grays Harbor County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $159,317, Grayland homeowners can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,094, while the 75th percentile tax bill reaches $2,964, and the 90th percentile tax bill is $4,186. Factors influencing the tax bill include property size, location, and any improvements made to the property. These elements contribute to the assessed value, which directly impacts the tax amount. Compared to the national median property tax rate of 0.99%, Grayland's tax rates can lead to a diverse range of tax bills. Homeowners in Grayland need to be aware of these factors, as they can significantly affect their annual financial planning and overall cost of homeownership.
Average Grayland Tax Bill
$1,881
Average Grays Harbor County Tax Bill
$1,990
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Grayland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98547 | $536 | $1,094 | $1,881 | $2,964 | $4,186 |
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 | |
|---|---|
| Grays Harbor Tax Assessor | |
| Website | graysharborwa-taxsifter.publicaccessnow.com |