Bell Island, Washington Property Taxes
The median property tax rate in Bell Island, WA is 0.44%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Bell Island, the typical annual property tax bill reaches $19,382, significantly exceeding the national median of $2,690. Property taxes in Bell Island 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 Bell Island'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 Bell Island 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
Bell Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$19,328
$18,882
$1,148
Average Bell Island, Washington Tax Savings
Ownwell’s Bell Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bell Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bell Island 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 Bell Island. 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 Bell Island, Washington
Property taxes in Bell Island, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bell Island is 0.92%, which is lower than the Washington state median of 0.98% but slightly below the U.S. national median of 0.99%. Local government entities within Bell Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bell Island 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 Bell Island's effective property tax rate to other counties in Washington and the national median. For comparison, ZIP code 98250 has the highest median property tax rate of 1.02%, while ZIP code 98261 has the lowest median tax rate of 0.81%. Understanding how these cities compare with Bell Island provides valuable insights into the varying tax landscape across San Juan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bell Island Tax Rate
0.44%
Average San Juan County Tax Rate
0.62%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bell Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Bell Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bell Island, Washington
In Bell Island, 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 San Juan 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 Bell Island, 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 Bell Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bell Island, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Bell Island Assessed Value
$4,392,700
Average San Juan County Assessed Value
$691,520
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bell Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Bell Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bell Island, Washington
In Bell Island, San Juan County, WA, property tax bills are calculated based on the assessed value of your home. The median home price in Bell Island is $4,392,700, significantly higher than the national median. Property taxes are determined by multiplying the assessed value by the local tax rate. For Bell Island homeowners, the tax bill can be quite substantial, with values at the 25th, 75th, and 90th percentiles all around $19,382. Several factors influence your tax bill, including the assessed value of your property, local tax rates, and any applicable exemptions. High property values in Bell Island mean homeowners often face steep property tax bills. This financial burden can be significant, especially when compared to the national median property tax rate of 0.99%. Ownwell can help Bell Island homeowners reduce their property tax bills by providing expert property tax appeal and exemption services. By ensuring your property is accurately assessed and identifying potential exemptions, Ownwell can help you achieve substantial savings on your property taxes.
Average Bell Island Tax Bill
$19,382
Average San Juan County Tax Bill
$4,068
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Bell Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Bell Island Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 12 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| San Juan Tax Assessor | |
| Website | parcel.sanjuanco.com |
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