Orcas Island, Washington Property Taxes
The median property tax rate in Orcas Island, WA is 0.60%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Orcas Island at $838,120, the typical annual property tax bill reaches $4,807, surpassing the national median of $2,690. Property taxes in Orcas Island are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Orcas 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 Orcas Island or another part of San Juan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orcas Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$5,029
$4,913
$1,148
Average Orcas Island, Washington Tax Savings
Ownwell’s Orcas Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orcas Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orcas 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 Orcas 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 Orcas Island, Washington
Property taxes on Orcas Island, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate on Orcas Island is 0.60%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Orcas Island set these rates annually, and they can vary across different neighborhoods. Each year, the 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. Understanding how these rates compare with other regions 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 Orcas Island Tax Rate
0.60%
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 Orcas Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Orcas Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Orcas Island, Washington
In Orcas Island, 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 San Juan 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 Orcas Island, 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 Orcas Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Orcas Island is $838,120, with annual tax bills ranging from $2,638 at the 25th percentile to $9,916 at the 90th percentile.
Property Tax Assessment Values Across Orcas Island, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Orcas Island Assessed Value
$838,120
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 Orcas Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Orcas Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Orcas Island, Washington
In Orcas Island, San Juan County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. With a median home price of $838,120, the property tax rate is applied to this assessed value to determine your annual tax bill. Factors that influence your tax bill include the assessed value of your property, local tax rates, and any applicable exemptions or deductions. For homeowners, this means that a higher assessed value or increased local tax rates can lead to a significant tax burden. For instance, the 25th percentile of tax bills is $2,638, while the 75th percentile reaches $7,727, and the 90th percentile can be as high as $9,916. This variability underscores the importance of understanding and managing your property tax obligations. Ownwell can assist homeowners in Orcas Island by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and ensuring it accurately reflects market conditions, Ownwell can help you potentially lower your tax bill, ensuring you pay only your fair share.
Average Orcas Island Tax Bill
$4,807
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 Orcas Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Orcas 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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