Index, Washington Property Taxes
The median property tax rate in {city_name}, WA is 0.63%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in {city_name} at $304,950, the typical annual property tax bill reaches $1,784, which is below the national median of $2,690. Property taxes in {city_name} 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 {city_name}'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 {city_name} 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
Index, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,921
$1,877
$1,148
Average Index, Washington Tax Savings
Ownwell’s Index Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Index with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Index 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 Index. 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 Index, Washington
Property taxes in {city_name}, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in {city_name} is 0.63%, lower than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within {city_name} set these rates annually, and they can vary significantly across different neighborhoods. Each year, {city_name} 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 {city_name}'s effective property tax rate to other counties in Washington and the national median. For comparison, the 98256 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with {city_name} provides valuable insights into the varying tax landscape across Snohomish County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Index Tax Rate
0.63%
Average Snohomish County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Index, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98256 | 0.56% | 0.56% | 0.63% | 0.68% | 0.92% |
Source: Ownwell
$1,148
Average Index Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Index, Washington
In Index, 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 Snohomish 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 Index, 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 Index helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the area is $1,784, with the highest and lowest median tax bills both found in zip code 98256.
Average Index Assessed Value
$304,950
Average Snohomish County Assessed Value
$668,100
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Index, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98256 | $18,160 | $159,225 | $304,950 | $408,325 | $519,840 |
Source: Ownwell
$1,148
Average Index Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Index, Washington
In the city of INDEX in Snohomish County, WA, property tax bills are calculated based on the assessed value of the property, not its market value. The county assessor determines the assessed value, and this figure is then multiplied by the local tax rate to calculate the annual property tax bill. The median home price in INDEX is $304,950, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $807, while the 75th percentile reaches $2,347, and the 90th percentile can be as high as $3,093. These taxes can place a significant burden on homeowners, especially when the national median property tax rate is 0.99%. That's where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed accurately, potentially lowering their tax bills. This service can result in substantial savings, easing the financial load on homeowners in INDEX.
Average Index Tax Bill
$1,784
Average Snohomish County Tax Bill
$5,180
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Index, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98256 | $131 | $807 | $1,784 | $2,347 | $3,093 |
Source: Ownwell
$1,148
Average Index Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 20 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Snohomish Tax Assessor | |
| Phone | (425) 388-3433 |
| Website | www.snoco.org |
| Contact.Assessor@snoco.org | |
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