Grandview, Washington Property Taxes
The median property tax rate in Grandview, WA is 1.14%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Grandview at $168,700, the typical annual property tax bill reaches $1,975, exceeding the national median of $2,690. Property taxes in Grandview 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 Grandview'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 Grandview 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
Grandview, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,923
$1,879
Ownwell’s Grandview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grandview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grandview 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 Grandview, Washington
Property taxes in Grandview, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandview is 1.14%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Grandview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandview 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 Grandview's effective property tax rate to other counties in Washington and the national median. For comparison, the 98930 zip code has the highest median property tax rate of 1.14%, while the 98930 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across Yakima County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
1.14%
Average Yakima County Tax Rate
1.10%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandview, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98930 | 1.01% | 1.13% | 1.14% | 1.19% | 1.22% |
| 98951 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Grandview, Washington
In Grandview, 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 Yakima 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 Grandview, 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 Grandview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Grandview, the median home price is $168,700. The median tax bill varies, with the 25th percentile at $1,375 and the 75th percentile at $2,600. Notably, the highest and lowest median tax bills are both $1,975, found in the zip code 98930.
Average Grandview Assessed Value
$168,700
Average Yakima County Assessed Value
$200,300
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandview, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98930 | $20,370 | $117,125 | $168,750 | $220,775 | $267,430 |
| 98951 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Grandview, Washington
In Grandview, Yakima County, WA, property tax bills are calculated based on the assessed value of a home. The median home price in this area stands at $168,700. Local tax authorities determine the assessed value, which is then multiplied by the property tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. Homeowners in Grandview can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,375, while the 75th percentile tax bill reaches $2,600. At the 90th percentile, homeowners may pay as much as $3,204. The highest and lowest median tax bills in the area are both $1,975, located in ZIP code 98930. Comparatively, the national median property tax rate is 0.99%, which means Grandview's tax bills can be higher or lower depending on the specific assessed values and applicable tax rates. This variability affects homeowners by influencing their overall housing costs and potentially their decisions on property investments.
Average Grandview Tax Bill
$1,975
Average Yakima County Tax Bill
$2,273
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandview, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98930 | $296 | $1,375 | $1,975 | $2,600 | $3,204 |
| 98951 | N/A | N/A | N/A | N/A | N/A |
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 |
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