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Granite Falls, Washington Property Taxes

The median property tax rate in Granite Falls, WA is 0.83%, slightly lower than the state median of 0.88% and the national median of 0.99%. With a median home value of $475,500 in Granite Falls, the typical annual property tax bill reaches $3,854, which is significantly higher than the national median of $2,690. Property taxes in Granite Falls are calculated based on the tax-assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Granite Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Granite Falls 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

Granite Falls, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

0.83%

Estimate Property Tax Bill

$3,947

$3,662

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Granite Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granite Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granite Falls to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Granite Falls. 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 Granite Falls, Washington

Property taxes in Granite Falls, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Granite Falls is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Granite Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granite Falls 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 Granite Falls' effective property tax rate to other counties in Washington and the national median. For comparison, the 98252 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these areas compare with Granite Falls provides valuable insights into the varying tax landscape across Snohomish County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Granite Falls, Washington

Source: Ownwell

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0.46%

0.68%

0.90%

Average Granite Falls Tax Rate

0.83%

Average Snohomish County Tax Rate

0.79%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Granite Falls, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
982520.76%0.82%0.83%0.83%0.85%

Source: Ownwell

Property Tax Assessment Values Across Granite Falls, Washington

In Granite Falls, 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 Snohomish County Assessor's Office 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 Granite Falls, 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 Granite Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,854, found in the 98252 zip code.

Property Tax Assessment Values Across Granite Falls, Washington

Source: Ownwell

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$2,900

$1,092,200

$2,181,500

Average Granite Falls Assessed Value

$475,500

Average Snohomish County Assessed Value

$668,100

Average Washington Assessed Value

$482,000

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Granite Falls, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98252$214,690$370,775$475,500$617,250$792,120

Source: Ownwell

Property Tax Bills Across Granite Falls, Washington

In Granite Falls, Snohomish County, WA, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $475,500, homeowners often face substantial tax bills. The tax bill ranges from $2,914 at the 25th percentile to $6,235 at the 90th percentile, with the median tax bill being $3,854 in the area. This is significantly higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in this region. Several factors influence your tax bill, including property assessments, local tax levies, and exemptions. These can significantly impact your annual financial obligations as a homeowner. At Ownwell, we specialize in helping homeowners reduce their property tax bills through expert appeal and exemption services. By leveraging our deep understanding of local tax laws and assessment practices, we can identify opportunities for savings and guide you through the appeal process, potentially lowering your tax burden and saving you money.

Property Tax Bills Across Granite Falls, Washington

Source: Ownwell

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$17

$7,253

$14,489

Average Granite Falls Tax Bill

$3,854

Average Snohomish County Tax Bill

$5,180

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Granite Falls, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98252$821$2,914$3,854$4,978$6,235

Source: Ownwell

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