Stuart Island, Washington Property Taxes
The median property tax rate in Stuart Island, WA is 0.57%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Stuart Island, the typical annual property tax bill reaches $1,838, well below the national median of $2,690. Property taxes in Stuart 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 Stuart 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 Stuart 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
Stuart Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,828
$1,786
$1,148
Average Stuart Island, Washington Tax Savings
Ownwell’s Stuart Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuart Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuart 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 Stuart 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 Stuart Island, Washington
Property taxes in Stuart 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 Stuart Island is 0.57%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Stuart Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuart 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 Stuart Island's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in the state is significantly higher, while some areas have rates well below the national median. Understanding how these cities compare with Stuart 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 Stuart Island Tax Rate
0.57%
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 Stuart Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Stuart Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Stuart Island, Washington
In Stuart 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. 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 Stuart Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $320,690, with tax bills ranging from $1,412 at the 25th percentile to $10,780 at the 90th percentile.
Property Tax Assessment Values Across Stuart Island, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Stuart Island Assessed Value
$320,690
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 Stuart Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Stuart Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Stuart Island, Washington
In Stuart Island, San Juan County, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and market trends influence the assessed value. For instance, with a median home price of $320,690, homeowners in Stuart Island can expect varying tax bills. The 25th percentile tax bill is around $1,412, while the 75th percentile reaches $5,149, and the 90th percentile can be as high as $10,780. These tax bills can significantly impact homeowners' finances. This is where Ownwell steps in to help. By offering professional property tax appeal and exemption services, Ownwell can assist homeowners in reducing their tax burdens. Our experts analyze your property’s assessed value and market conditions to identify potential savings, ensuring you're not overpaying. With Ownwell, you can confidently navigate the complexities of property taxes and potentially save a substantial amount on your annual tax bill.
Average Stuart Island Tax Bill
$1,838
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 Stuart Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Stuart 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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