Edmonds, Washington Property Taxes
The median property tax rate in Edmonds, WA is 0.75%, 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 Edmonds, the typical annual property tax bill amounts to $1,107, significantly below the national median of $2,690. Property taxes in Edmonds are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences. Understanding Edmonds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Edmonds or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edmonds, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
Ownwell’s Edmonds Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edmonds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edmonds to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Edmonds, Washington
Property taxes in Edmonds, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edmonds is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Edmonds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edmonds 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 Edmonds' effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98026 has the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Edmonds provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edmonds Tax Rate
0.75%
Average Douglas County Tax Rate
0.99%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edmonds, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98026 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Edmonds, Washington
In Edmonds, 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 Douglas County Appraisal District 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 Edmonds, 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 Edmonds helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $1,107, are found in zip code 98026.
Average Edmonds Assessed Value
$146,900
Average Douglas County Assessed Value
$332,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edmonds, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98026 | $146,900 | $146,900 | $146,900 | $146,900 | $146,900 |
Source: Ownwell
Property Tax Bills Across Edmonds, Washington
In Edmonds, located in Douglas County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Edmonds stands at $146,900. Homeowners in this area experience a consistent tax bill, with the 25th, 75th, and 90th percentiles all reporting $1,107. Key factors influencing the tax bill include the assessed value of the property and the specific tax rate applied by the local government. These taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how these factors interplay is crucial, as it directly impacts their financial planning. Compared to the national median property tax rate of 0.99%, the tax situation in Edmonds offers a clear and predictable financial obligation for property owners.
Average Edmonds Tax Bill
$1,107
Average Douglas County Tax Bill
$3,320
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Edmonds, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98026 | $1,107 | $1,107 | $1,107 | $1,107 | $1,107 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
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