Skokomish Nation, Washington Property Taxes
The median property tax rate in Skokomish Nation, WA is 0.67%, noticeably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Skokomish Nation at $138,885, the typical annual property tax bill amounts to $835, which is significantly below the national median of $2,690. Property taxes in Skokomish Nation are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Skokomish Nation'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 Skokomish Nation 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
Skokomish Nation, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$931
$909
Ownwell’s Skokomish Nation Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skokomish Nation with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skokomish Nation 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 Skokomish Nation, Washington
Property taxes in Skokomish Nation, Washington, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Skokomish Nation is 0.67%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Skokomish Nation set these rates annually, and they can vary significantly across different neighborhoods. Each year, Skokomish Nation 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 Skokomish Nation's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98584 has both the highest and lowest median property tax rate of 0.67%. Understanding how these areas compare with Skokomish Nation provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Skokomish Nation Tax Rate
0.67%
Average Mason County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Skokomish Nation, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98584 | 0.13% | 0.66% | 0.67% | 0.69% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Skokomish Nation, Washington
In Skokomish Nation, 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 Mason 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 Skokomish Nation, 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 median home price in Skokomish Nation is $138,885, with tax bills ranging from $429 at the 25th percentile to $3,175 at the 90th percentile. The zip code 98584 has both the highest and lowest median tax bill of $835. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Skokomish Nation, Washington
Source: Ownwell
$110,185
$623,515
$1,136,845
Average Skokomish Nation Assessed Value
$138,885
Average Mason County Assessed Value
$304,420
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Skokomish Nation, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98584 | $41,369 | $72,582 | $138,885 | $214,345 | $404,667 |
Source: Ownwell
Property Tax Bills Across Skokomish Nation, Washington
Property tax bills in Skokomish Nation, Mason County, WA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Homeowners in this area experience a range of property tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $429, while the 75th percentile tax bill is $1,547. At the higher end, the 90th percentile tax bill reaches $3,175. These figures indicate the variation in tax burdens among homeowners, influenced by property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, the property tax rates in Skokomish Nation can be relatively moderate, providing some financial relief to homeowners. However, the specific impact on individual homeowners will depend on their property's assessed value and the exact rate applied. This system ensures that property taxes are proportionate to property values, affecting homeowners differently based on their property's worth.
Average Skokomish Nation Tax Bill
$835
Average Mason County Tax Bill
$2,654
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Skokomish Nation, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98584 | $159 | $429 | $835 | $1,547 | $3,175 |
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 |
Links | |
|---|---|
| Mason Tax Assessor | |
| Website | property.masoncountywa.gov |