Ferndale, Washington Property Taxes
The median property tax rate in Ferndale, WA, is 0.70%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $527,794, the typical annual property tax bill in Ferndale amounts to $3,613, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Ferndale's property tax system, exploring available exemptions, and identifying opportunities for reductions, significant annual savings can be achieved. Whether you're in the heart of Ferndale or another part of Whatcom County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ferndale, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$3,695
$3,609
$1,148
Average Ferndale, Washington Tax Savings
Ownwell’s Ferndale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ferndale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ferndale 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 Ferndale. 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 Ferndale, Washington
Property taxes in Ferndale, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ferndale is 0.70%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Ferndale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ferndale 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 Ferndale's effective property tax rate to other counties in Washington and the national median. For comparison, the 98248 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Ferndale provides valuable insights into the varying tax landscape across Whatcom County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ferndale Tax Rate
0.70%
Average Whatcom County Tax Rate
0.73%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ferndale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98248 | 0.35% | 0.63% | 0.70% | 0.77% | 0.83% |
Source: Ownwell
$1,148
Average Ferndale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Ferndale, Washington
In Ferndale, 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 Whatcom 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 Ferndale, 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 Ferndale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98248 has the highest and lowest median tax bill at $3613.
Average Ferndale Assessed Value
$527,794
Average Whatcom County Assessed Value
$517,614
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ferndale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98248 | $162,695 | $409,177 | $527,794 | $664,202 | $848,358 |
Source: Ownwell
$1,148
Average Ferndale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Ferndale, Washington
In Ferndale, Whatcom County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate. With a median home price of $527,794, homeowners in Ferndale often face tax bills ranging from $2,367 at the 25th percentile to $6,260 at the 90th percentile. This can be a significant financial burden, especially when compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including changes in property values, local government budgets, and voter-approved levies. High property taxes can affect homeowners by increasing their monthly mortgage payments and overall living expenses. Ownwell can help homeowners in Ferndale save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying discrepancies, Ownwell can assist in appealing for a lower assessment, potentially reducing your tax liability and easing your financial burden.
Average Ferndale Tax Bill
$3,613
Average Whatcom County Tax Bill
$3,632
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Ferndale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98248 | $482 | $2,367 | $3,613 | $4,908 | $6,260 |
Source: Ownwell
$1,148
Average Ferndale Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 19 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Whatcom Tax Assessor | |
| Website | property.spatialest.com |
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