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Woodinville, Washington Property Taxes

The median property tax rate in Woodinville, WA is 0.79%, lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Woodinville at $997,700, the typical annual property tax bill reaches $7,790, significantly surpassing the national median of $2,690. Property taxes in Woodinville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Woodinville'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 Woodinville 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

Woodinville, Washington Property Tax Bill Calculator

$100,000

$2,500,000

$5,000,000

Average Tax Rate

0.88%

Estimate Property Tax Bill

$1,760

$612

SAVE WITH OWNWELL

$1,148

Average Woodinville, Washington Tax Savings

Ownwell’s Woodinville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodinville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodinville 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 Woodinville. 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 Woodinville, Washington

Property taxes in Woodinville, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodinville is 0.79%, which is below the U.S. national median of 0.99%. Local government entities within Woodinville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodinville 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 Woodinville's effective property tax rate to other areas in Washington and the national median. For comparison, the 98072 zip code has the highest median property tax rate of 0.79%, while the 98077 zip code has the lowest median tax rate of 0.75%. Understanding how these areas compare with Woodinville 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.

Property Tax Rates Across Woodinville, Washington

Source: Ownwell

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0.46%

0.68%

0.90%

Average Woodinville Tax Rate

0.79%

Average Snohomish County Tax Rate

0.79%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Woodinville, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
980720.75%0.78%0.79%0.79%0.80%
980770.74%0.75%0.75%0.77%0.80%

Source: Ownwell

Property Tax Assessment Values Across Woodinville, Washington

In Woodinville, 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 Woodinville, 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. The median home price in Woodinville is $997,700, with tax bills ranging from $5,573 at the 25th percentile to $12,139 at the 90th percentile. The highest median tax bill is $7,898 in zip code 98072, while the lowest median tax bill is $7,115 in zip code 98077. By understanding 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 Woodinville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Woodinville, Washington

Source: Ownwell

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$2,900

$1,092,200

$2,181,500

Average Woodinville Assessed Value

$997,700

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 Woodinville, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98072$64,100$807,100$1,007,100$1,184,175$1,510,780
98077$512,580$580,975$953,050$1,242,425$1,720,360

Source: Ownwell

Property Tax Bills Across Woodinville, Washington

Property tax bills in Woodinville, located in Snohomish County, WA, are calculated based on the assessed value of a property and the local tax rate. The median home price in Woodinville is $997,700, and the property tax rate in this area is a crucial factor in determining the tax bill. Homeowners in Woodinville can expect to pay between $5,573 at the 25th percentile and $12,139 at the 90th percentile, with the highest median tax bill reaching $7,898 in the 98072 zip code. Several factors influence the tax bill, including property size, location, and improvements. High property taxes can significantly impact homeowners, making it essential to explore ways to reduce these costs. This is where Ownwell steps in. By leveraging their expertise in property tax appeals and exemptions, Ownwell helps homeowners potentially lower their assessed values and, consequently, their tax bills. This service can lead to substantial savings, providing financial relief and ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Woodinville, Washington

Source: Ownwell

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$17

$7,253

$14,489

Average Woodinville Tax Bill

$7,790

Average Snohomish County Tax Bill

$5,180

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Woodinville, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98072$488$6,069$7,898$9,261$11,801
98077$3,679$4,272$7,115$9,273$13,357

Source: Ownwell

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