Stanwood, Washington Property Taxes
The median property tax rate in Stanwood, WA is 0.97%, slightly below the national median of 0.99% but higher than the state median of 0.88%. With a median home value of $534,000, the typical annual property tax bill in Stanwood reaches $4,833, significantly surpassing the national median of $2,690. Property taxes in Stanwood are calculated based on the assessed value, which often falls below the market value due to exemptions such as the primary residence exemption. Navigating Stanwood's property tax system, understanding available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stanwood or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanwood, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$5,180
$5,060
$1,148
Average Stanwood, Washington Tax Savings
Ownwell’s Stanwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanwood 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 Stanwood. 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 Stanwood, Washington
Property taxes in Stanwood, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanwood is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Stanwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanwood 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 Stanwood's effective property tax rate to other counties in Washington and the national median. For comparison, the 98292 zip code has the highest median property tax rate of 0.97%, while also being the lowest at 0.97%. Understanding how these cities compare with Stanwood provides valuable insights into the varying tax landscape across Skagit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanwood Tax Rate
0.97%
Average Skagit County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanwood, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98292 | 0.89% | 0.95% | 0.97% | 0.99% | 1.00% |
Source: Ownwell
$1,148
Average Stanwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Stanwood, Washington
In Stanwood, 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 Skagit 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 Stanwood, 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. For instance, the median home price in Stanwood is $534,000, and the median tax bill is highest in zip code 98292 at $4,833. 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 Stanwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stanwood Assessed Value
$534,000
Average Skagit County Assessed Value
$473,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanwood, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98292 | $365,500 | $458,050 | $534,000 | $670,700 | $937,020 |
Source: Ownwell
$1,148
Average Stanwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Stanwood, Washington
In Stanwood, located in Skagit County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $534,000, homeowners in Stanwood can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $4,455, while the 75th percentile reaches up to $6,726, and the 90th percentile can be as high as $9,196. The highest and lowest median tax bills in the area both amount to $4,833 in the 98292 zip code. Factors influencing these tax bills include property assessments conducted by local authorities and the specific tax rates set by the county. These taxes can place a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell can assist homeowners in Stanwood by providing expert property tax appeal and exemption services. By leveraging their knowledge and experience, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share. This can result in significant savings and reduced financial stress.
Average Stanwood Tax Bill
$4,833
Average Skagit County Tax Bill
$4,058
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanwood, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98292 | $3,628 | $4,455 | $4,833 | $6,726 | $9,196 |
Source: Ownwell
$1,148
Average Stanwood Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | November 12 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Skagit Tax Assessor | |
| Website | skagitcounty.net |
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