Elma, Washington Property Taxes
Real Estate Values and Property Tax Valuation in Elma, Washington
The city of Elma has 3,212 properties with a cumulative value of $819.5M, making up 11.15% of all real estate value in Grays Harbor County. Property taxes in Elma totaled $8.2M, with an average homeowner paying $2,566 in property taxes compared to the county average of $2,054. The average property tax rate in Elma is 1.00%, while the county average is 0.98%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Washington begins on January 1st when the property valuation date is set. Property value notices are issued from May to December and the property tax appeal deadline is July 1st or 30-60 days after the notice is issued. Finally, property tax bills are issued on February 14th.
Updated November 01, 2023
| Important Links | |
|---|---|
| Grays Harbor Treasurer | (360) 249-3751 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | May - December |
| Property Tax Appeal Deadline: | July 1st or 30-60 days after notice |
| Property Tax Bills Issued: | February 14th |
| Real Property Tax Bill Due (1st of #): | April 30th |
| Real Property Tax Bill Due (2nd of #): | October 31st |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Not Available |
| Veteran | Available |
| Charitable | Available |
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Real Estate Statistics in Elma, Washington
Residential Property Tax by ZIP code in Elma, Washington
Elma has an average property tax rate of 1.00%, which is slightly higher than the average Grays Harbor County property tax rate of 0.98%. This means that Elma residents pay slightly more in property taxes than the average Grays Harbor County resident. However, property tax rates in Elma vary significantly across ZIP codes. The ZIP code with the highest effective property tax rate is 98541, with an effective rate of 1.%. This is likely due to the higher home values in this ZIP code compared to other ZIP codes in Elma. On the other hand, the ZIP code with the lowest effective property tax rate is not known, but it is likely to be lower than the average Elma property tax rate.
Overall, Elma has slightly higher property tax rates than the rest of Grays Harbor County, but the rates vary significantly across ZIP codes. This is because of the differences in home values across ZIP codes, with higher home values leading to higher effective property tax rates. Property owners in Elma should be aware of the differences in property tax rates across ZIP codes when considering their tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Elma, Washington. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98541 | $43,093 | $154,542 | $239,009 | $340,288 | $453,833 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Elma, Washington.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98541 | $246 | $1,306 | $2,505 | $3,577 | $4,742 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98541 | 0.57% | 0.85% | 1.05% | 1.05% | 1.04% |
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Real Estate Values in Elma, Washington
Average Home Value in Elma, Washington
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Elma, Washington
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for West region
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