Mount Vernon, Washington Property Taxes
The median property tax rate in Mount Vernon, WA is 0.97%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Mount Vernon at $488,900, the typical annual property tax bill reaches $4,769, significantly exceeding the national median of $2,690. Property taxes in Mount Vernon 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 Mount Vernon'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 Mount Vernon 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
Mount Vernon, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$4,742
$4,633
$1,148
Average Mount Vernon, Washington Tax Savings
Ownwell’s MOUNT VERNON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT VERNON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT VERNON 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 MOUNT VERNON. 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 Mount Vernon, Washington
Property taxes in Mount Vernon, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Vernon is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Mount Vernon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Vernon 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 Mount Vernon's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98273 has the highest median property tax rate of 0.97%, while zip code 98274 has the lowest median tax rate of 0.97%. Understanding how these areas compare with Mount Vernon provides valuable insights into the varying tax landscape across Skagit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Vernon Tax Rate
0.97%
Average Skagit County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Vernon, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98273 | 0.82% | 0.92% | 0.97% | 1.08% | 1.14% |
| 98274 | 0.80% | 0.93% | 0.97% | 1.02% | 1.08% |
Source: Ownwell
$1,148
Average Mount Vernon Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mount Vernon, Washington
In Mount Vernon, 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 Skagit 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 Mount Vernon, 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 Mount Vernon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $5008 in zip code 98274, while the lowest is $4628 in zip code 98273.
Property Tax Assessment Values Across Mount Vernon, Washington
Source: Ownwell
$126,700
$504,100
$881,500
Average Mount Vernon Assessed Value
$488,900
Average Skagit County Assessed Value
$473,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Vernon, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98273 | $258,440 | $369,900 | $470,300 | $569,800 | $709,780 |
| 98274 | $285,060 | $394,950 | $515,900 | $687,500 | $936,180 |
Source: Ownwell
$1,148
Average Mount Vernon Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mount Vernon, Washington
In Mount Vernon, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the Skagit County Assessor's Office. The assessed value is multiplied by the local tax rate to produce the annual tax bill. For instance, the median home price in Mount Vernon is $488,900, and this value is used as a baseline for tax calculations. Homeowners in Mount Vernon can expect tax bills ranging from $3,664 at the 25th percentile to $7,754 at the 90th percentile, with the highest median tax bill reaching $5,008 in the 98274 zip code. Factors such as property improvements, location, and market trends significantly impact the assessed value, thus affecting the tax bill. High property taxes can be a financial burden, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially saving you hundreds or even thousands of dollars annually. Let Ownwell's expertise ease your property tax concerns and keep more money in your pocket.
Average Mount Vernon Tax Bill
$4,769
Average Skagit County Tax Bill
$4,058
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Vernon, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98273 | $962 | $3,578 | $4,628 | $5,551 | $6,941 |
| 98274 | $1,644 | $3,839 | $5,008 | $6,548 | $8,706 |
Source: Ownwell
$1,148
Average Mount Vernon Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | November 12 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Skagit Tax Assessor | |
| Website | skagitcounty.net |
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