Suquamish, Washington Property Taxes
The median property tax rate in Suquamish, WA is 0.88%, matching the Washington state median but lower than the national median of 0.99%. With the median home value in Suquamish at $383,425, the typical annual property tax bill amounts to $3,303, significantly higher than the national median of $2,690. Property taxes in Suquamish are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Suquamish'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 Suquamish or another part of Kitsap County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Suquamish, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$3,374
$3,296
$1,148
Average Suquamish, Washington Tax Savings
Ownwell’s Suquamish Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Suquamish with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Suquamish 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 Suquamish. 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 Suquamish, Washington
Property taxes in Suquamish, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Suquamish is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Suquamish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Suquamish 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 Suquamish's effective property tax rate to other counties in Washington and the national median. For comparison, the 98392 zip code has the median property tax rate of 0.88%, reflecting the uniformity within Suquamish. Understanding how these cities compare with Suquamish provides valuable insights into the varying tax landscape across Kitsap County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Suquamish Tax Rate
0.88%
Average Kitsap County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Suquamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98392 | 0.86% | 0.87% | 0.88% | 0.89% | 0.91% |
Source: Ownwell
$1,148
Average Suquamish Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Suquamish, Washington
In Suquamish, 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 Kitsap 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 Suquamish, 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. For instance, the zip code 98392 has both the highest and lowest median tax bill at $3,303. Being aware of these valuation processes in Suquamish helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Suquamish, Washington
Source: Ownwell
$351,110
$707,470
$1,063,830
Average Suquamish Assessed Value
$383,425
Average Kitsap County Assessed Value
$467,930
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Suquamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98392 | $211,844 | $306,632 | $383,425 | $548,832 | $874,110 |
Source: Ownwell
$1,148
Average Suquamish Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Suquamish, Washington
In Suquamish, Kitsap County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Suquamish is $383,425. Property tax rates in this region can lead to significant tax bills, with the 25th percentile at $2,536 and the 75th percentile at $4,741. Factors such as market value, property location, and any applicable exemptions play a crucial role in determining the final tax amount. The highest median tax bill in the area is $3,303, found in the 98392 zip code. For homeowners, these property taxes can be a substantial financial burden. This is where Ownwell can make a difference. By leveraging their expertise in property tax appeals and exemption services, Ownwell helps homeowners identify potential savings and reduce their tax bills. Their dedicated team works to ensure that properties are fairly assessed, potentially lowering the tax burden and bringing peace of mind to homeowners.
Average Suquamish Tax Bill
$3,303
Average Kitsap County Tax Bill
$3,994
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Suquamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98392 | $1,108 | $2,536 | $3,303 | $4,741 | $7,489 |
Source: Ownwell
$1,148
Average Suquamish Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 23 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Kitsap Tax Assessor | |
| Website | psearch.kitsapgov.com |
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