Decatur Island, Washington Property Taxes
The median property tax rate in Decatur Island, WA is 0.45%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Decatur Island at $671,960, the typical annual property tax bill reaches $2,401, which is below the national median of $2,690. Property taxes in Decatur Island are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Decatur Island'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 Decatur Island 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
Decatur Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$3,024
$2,954
$1,148
Average Decatur Island, Washington Tax Savings
Ownwell’s Decatur Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Decatur Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decatur Island 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 Decatur Island. 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 Decatur Island, Washington
Property taxes in Decatur Island, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Decatur Island is 0.45%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Decatur Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decatur Island 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 Decatur Island's effective property tax rate to other counties in Washington and the national median. For comparison, the 98221 zip code has the highest median property tax rate of 0.45%, while the 98221 zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Decatur Island provides valuable insights into the varying tax landscape across San Juan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Decatur Island Tax Rate
0.45%
Average San Juan County Tax Rate
0.62%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decatur Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98221 | 0.44% | 0.44% | 0.45% | 0.46% | 0.47% |
| 98261 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Decatur Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Decatur Island, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Decatur Island, WA. 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 San Juan 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. 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. For instance, the highest median tax bill in Decatur Island is $3,111 in the 98221 zip code, while the lowest median tax bill is also $3,111 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Decatur Island, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Decatur Island Assessed Value
$671,960
Average San Juan County Assessed Value
$691,520
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decatur Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98221 | $271,433 | $412,220 | $671,960 | $773,262 | $831,020 |
| 98261 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Decatur Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Decatur Island, Washington
In Decatur Island, WA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. Factors such as the home's assessed value, which is determined by the county assessor, and the local tax rate, which can vary, play a crucial role. For example, with a median home price of $671,960, tax bills can range significantly. Homeowners in the 25th percentile might pay around $1,106, while those in the 75th percentile could see bills as high as $3,414. The highest median tax bill in the area is $3,111, reflecting the variability within the region. This variability can significantly impact homeowners' finances. However, Ownwell's property tax appeal and exemption services offer a solution. By identifying discrepancies in assessed values or uncovering eligible exemptions, Ownwell helps homeowners reduce their tax bills. With expert guidance and a thorough understanding of local tax regulations, Ownwell ensures clients pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Average Decatur Island Tax Bill
$2,401
Average San Juan County Tax Bill
$4,068
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Decatur Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98221 | $1,262 | $1,806 | $3,111 | $3,440 | $3,691 |
| 98261 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Decatur Island Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 12 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| San Juan Tax Assessor | |
| Website | parcel.sanjuanco.com |
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