Bothell, Washington Property Taxes
The median property tax rate in Bothell, WA is 0.88%, slightly lower than the national median of 0.99% and matching the Washington state median. With a median home value of $931,000 in Bothell, the typical annual property tax bill reaches $8,122, significantly higher than the national median of $2,690. Property taxes in Bothell are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bothell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bothell 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
Bothell, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$8,193
$8,004
$1,148
Average Bothell, Washington Tax Savings
Ownwell’s Bothell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bothell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bothell 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 Bothell. 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 Bothell, Washington
Property taxes in Bothell, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bothell is 0.88%, which is slightly below the U.S. national median of 0.99%. Local government entities within Bothell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bothell 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 Bothell's effective property tax rate to other areas in King County and the national median. For comparison, the 98072 zip code has the highest median property tax rate of 0.91%, while the 98028 zip code has the lowest median tax rate of 0.87%. Understanding how these areas compare with Bothell provides valuable insights into the varying tax landscape across King County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bothell Tax Rate
0.88%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bothell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98011 | 0.86% | 0.87% | 0.88% | 0.88% | 0.90% |
| 98028 | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
| 98072 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
$1,148
Average Bothell Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bothell, Washington
In Bothell, 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 King 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 Bothell, 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. For instance, the highest median tax bill is $11,878 in the 98028 zip code, while the lowest median tax bill is $3,550 in the 98072 zip code. 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 Bothell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bothell, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Bothell Assessed Value
$931,000
Average King County Assessed Value
$770,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bothell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98011 | $371,000 | $493,000 | $931,000 | $1,142,000 | $1,405,100 |
| 98028 | $1,325,400 | $1,345,500 | $1,369,000 | $1,388,000 | $1,436,200 |
| 98072 | $389,000 | $389,000 | $389,000 | $389,000 | $389,000 |
Source: Ownwell
$1,148
Average Bothell Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bothell, Washington
In Bothell, located in King County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $931,000, homeowners can expect varying tax bills depending on their specific property's assessed value and applicable tax rate. Tax bills in Bothell range significantly, with the 25th percentile at $4,169 and the 75th percentile at $9,915. The highest median tax bill in the region is $11,878 in the 98028 zip code, while the lowest is $3,550 in the 98072 zip code. High property taxes can be a burden for homeowners, but Ownwell can help by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify potential over-assessments and work to reduce your tax bill, ensuring you only pay your fair share.
Average Bothell Tax Bill
$8,122
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Bothell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98011 | $2,932 | $4,169 | $8,122 | $9,898 | $12,184 |
| 98028 | $11,507 | $11,678 | $11,878 | $12,039 | $12,449 |
| 98072 | $3,550 | $3,550 | $3,550 | $3,550 | $3,550 |
Source: Ownwell
$1,148
Average Bothell Tax Savings
Save on your property taxes & more with 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 |
Links | |
|---|---|
| King Tax Assessor | |
| Phone | (206) 296-7300 |
| Website | blue.kingcounty.com |
| assessor.info@kingcounty.gov | |
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