Grand Coulee, Washington Property Taxes
The median property tax rate in Grand Coulee, WA is 0.89%, slightly below the national median of 0.99% but marginally higher than Washington's state median of 0.88%. With the median home value in Grand Coulee at $94,755, the typical annual property tax bill amounts to $823, which is considerably lower than the national median of $2,690. Property taxes in Grand Coulee are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Grand Coulee'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 Grand Coulee or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grand Coulee, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$843
$824
Ownwell’s Grand Coulee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Coulee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Coulee 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 Grand Coulee, Washington
Property taxes in Grand Coulee, Washington, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Coulee is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Grand Coulee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Coulee 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 Grand Coulee's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 99133 has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Grand Coulee provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand Coulee Tax Rate
0.89%
Average Lincoln County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Coulee, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99133 | 0.88% | 0.89% | 0.89% | 0.92% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Grand Coulee, Washington
In Grand Coulee, 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 Lincoln 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 Grand Coulee, 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 Grand Coulee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Grand Coulee is $94,755, with tax bills ranging from $316 at the 25th percentile to $3,213 at the 90th percentile. The zip code 99133 has both the highest and lowest median tax bill at $823.
Property Tax Assessment Values Across Grand Coulee, Washington
Source: Ownwell
$16,180
$120,030
$223,880
Average Grand Coulee Assessed Value
$94,755
Average Lincoln County Assessed Value
$68,575
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand Coulee, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99133 | $10,500 | $33,625 | $94,755 | $260,142 | $361,205 |
Source: Ownwell
Property Tax Bills Across Grand Coulee, Washington
In Grand Coulee, located in Lincoln County, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Grand Coulee can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the tax bill at the 25th percentile is $316, while at the 75th percentile, it jumps to $2,308. The highest median tax bill recorded in the area is $823, which is notably lower than the national median property tax rate of 0.99%. This relatively low tax burden can be beneficial for homeowners, making Grand Coulee an attractive place for those looking to manage their living expenses. Factors such as property improvements, changes in market conditions, and local tax levies also play a role in determining the final tax bill, impacting how much homeowners will need to budget annually for property taxes.
Average Grand Coulee Tax Bill
$823
Average Lincoln County Tax Bill
$618
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Coulee, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99133 | $109 | $316 | $823 | $2,308 | $3,213 |
Source: Ownwell