Sammamish, Washington Property Taxes
The median property tax rate in Sammamish, WA is 0.75%, lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Sammamish at $576,700, the typical annual property tax bill reaches $4,354, significantly exceeding the national median of $2,690. Property taxes in Sammamish 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 Sammamish'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 Sammamish 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
Sammamish, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$4,325
$4,225
Ownwell’s Sammamish Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sammamish with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sammamish 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 Sammamish, Washington
Property taxes in Sammamish, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sammamish is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Sammamish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sammamish 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 Sammamish's effective property tax rate to other counties in Washington and the national median. For comparison, the 98074 zip code has the highest median property tax rate of 0.75%, while the 98074 zip code also has the lowest median tax rate of 0.75%. Understanding how these areas compare with Sammamish provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sammamish Tax Rate
0.75%
Average Franklin County Tax Rate
0.71%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sammamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98074 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Sammamish, Washington
In Sammamish, 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 Franklin 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 Sammamish, 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 Sammamish helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 98074 has both the highest and lowest median tax bill, with a value of $4,354.
Average Sammamish Assessed Value
$576,700
Average Franklin County Assessed Value
$384,600
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sammamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98074 | $576,700 | $576,700 | $576,700 | $576,700 | $576,700 |
Source: Ownwell
Property Tax Bills Across Sammamish, Washington
In Sammamish, located in Franklin 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 tax rate to determine the annual property tax bill. The median home price in Sammamish is $576,700, and the median property tax rate in the area is notably higher than the national median of 0.99%. Several factors influence the tax bill, including property size, location, and any improvements made to the home. For homeowners in Sammamish, the property tax bill at the 25th, 75th, and 90th percentiles is consistent at $4,354. This uniformity indicates a stable tax environment within the city. High property taxes can significantly impact homeowners by increasing the overall cost of homeownership. However, these taxes also fund essential local services such as schools, public safety, and infrastructure, contributing to the quality of life in Sammamish.
Average Sammamish Tax Bill
$4,354
Average Franklin County Tax Bill
$2,758
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sammamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98074 | $4,354 | $4,354 | $4,354 | $4,354 | $4,354 |
Source: Ownwell