Satsop, Washington Property Taxes
The median property tax rate in Satsop, WA is 1.17%, noticeably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Satsop at $152,303, the typical annual property tax bill reaches $1,655, which is below the national median of $2,690. Property taxes in Satsop are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Satsop'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 Satsop or another part of Grays Harbor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Satsop, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Satsop Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Satsop with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Satsop 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 Satsop, Washington
Property taxes in Satsop, Washington, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Satsop is 1.17%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Satsop set these rates annually, and they can vary significantly across different neighborhoods. Each year, Satsop 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 Satsop's effective property tax rate to other areas in Grays Harbor County and the national median. For comparison, the 98583 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these areas compare with Satsop 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 Satsop Tax Rate
1.17%
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 Satsop, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98583 | 0.79% | 1.12% | 1.17% | 1.19% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Satsop, Washington
In Satsop, 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 Appraisal District 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 Satsop, 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. Being aware of these valuation processes in Satsop helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98583 has both the highest and lowest median tax bills at $1,655. By understanding these valuations, property owners in Satsop can take proactive steps to manage their property tax liabilities effectively.
Average Satsop Assessed Value
$152,303
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 Satsop, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98583 | $24,161 | $85,792 | $152,303 | $249,103 | $287,789 |
Source: Ownwell
Property Tax Bills Across Satsop, Washington
Property tax bills in Satsop, located in Grays Harbor County, WA, are determined based on the assessed value of a property and the local tax rate. The local tax rate is applied to the assessed value, which is typically a percentage of the property's market value. For instance, with a median home price of $152,303, homeowners can expect varying tax bills depending on the valuation and specific tax levies in their area. Factors such as the property's location, size, and improvements contribute to its assessed value. In Satsop, the 25th percentile tax bill is around $756, while the 75th percentile tax bill reaches up to $2,907. At the 90th percentile, homeowners might see tax bills as high as $3,480. These figures illustrate the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, Satsop's property tax rates can significantly impact homeowners, influencing their annual financial planning and overall cost of living.
Average Satsop Tax Bill
$1,655
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 Satsop, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98583 | $232 | $756 | $1,655 | $2,907 | $3,480 |
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 |