Grayland, Washington Property Taxes
The median property tax rate in Grayland, WA is 0.97%, slightly lower than the national median of 0.99% but higher than Washington state's median of 0.88%. With the median home value in Grayland, the typical annual property tax bill reaches $1,254, which is below 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 exemption. 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
0.97%
Estimate Property Tax Bill
$1,431
$1,398
Ownwell’s Grayland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grayland 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 the 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 0.97%, slightly lower than 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 areas in Washington and the national median. For comparison, the zip code 98547 has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Grayland provides valuable insights into the varying tax landscape across Pacific County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grayland Tax Rate
0.97%
Average Pacific County Tax Rate
0.79%
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 | 0.63% | 0.96% | 0.97% | 0.98% | 1.02% |
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 Pacific 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 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. The zip code 98547 in Grayland has the highest median tax bill at $1,254, which is also the lowest. 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
$147,500
Average Pacific County Assessed Value
$192,200
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 | $47,860 | $82,850 | $147,500 | $211,050 | $297,880 |
Source: Ownwell
Property Tax Bills Across Grayland, Washington
In Grayland, located in Pacific 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 Grayland is $147,500, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Grayland can expect property tax bills that vary significantly; the 25th percentile tax bill is around $645, while the 75th percentile reaches $1,960, and the 90th percentile can go up to $2,669. These property tax bills can have a substantial impact on homeowners, affecting their annual budget and overall financial planning. Compared to the national median property tax rate of 0.99%, Grayland's property tax bills reflect the local economic conditions and public service funding needs. Homeowners must stay informed about their property's assessed value and any changes in tax rates to manage their expenses effectively.
Average Grayland Tax Bill
$1,254
Average Pacific County Tax Bill
$1,389
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 | $198 | $645 | $1,254 | $1,960 | $2,669 |
Source: Ownwell