Bothell, Washington Property Taxes
The median property tax rate in Bothell, WA is 0.79%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Bothell at $948,600, the typical annual property tax bill reaches $7,556, significantly exceeding the national median of $2,690. Property taxes in Bothell are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding Bothell'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 Bothell 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
Bothell, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$7,494
$7,321
$1,148
Average Bothell, Washington Tax Savings
Ownwell’s Bothell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bothell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bothell 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 Bothell. 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 Bothell, Washington
Property taxes in Bothell, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bothell is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Bothell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bothell 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 Bothell's effective property tax rate to other areas in Snohomish County and the national median. For comparison, the 98012 zip code has the highest median property tax rate of 0.81%, while the 98021 zip code has the lowest median tax rate of 0.78%. Understanding how these areas compare with Bothell provides valuable insights into the varying tax landscape across Snohomish County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bothell Tax Rate
0.79%
Average Snohomish County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bothell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98011 | 0.77% | 0.77% | 0.78% | 0.84% | 0.99% |
| 98012 | 0.77% | 0.79% | 0.81% | 0.87% | 0.88% |
| 98021 | 0.76% | 0.77% | 0.78% | 0.79% | 0.80% |
Source: Ownwell
$1,148
Average Bothell Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bothell, Washington
In Bothell, 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 Snohomish County Appraisal District 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 Bothell, 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 Bothell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Bothell is $7,584 in the 98021 zip code, while the lowest is $4,695 in the 98011 zip code.
Average Bothell Assessed Value
$948,600
Average Snohomish County Assessed Value
$668,100
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bothell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98011 | $48,500 | $192,500 | $606,100 | $1,065,650 | $1,092,710 |
| 98012 | $453,000 | $768,050 | $926,400 | $1,088,125 | $1,193,700 |
| 98021 | $453,060 | $809,300 | $981,600 | $1,203,500 | $1,352,020 |
Source: Ownwell
$1,148
Average Bothell Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bothell, Washington
In Bothell, located in Snohomish County, WA, property tax bills are calculated based on the assessed value of a home. The median home price in Bothell is $948,600, and the property tax rate is applied to this value to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value, leading to variations in tax bills. For instance, the 25th percentile tax bill in Bothell is $6,299, while the 75th percentile reaches $9,064, and the 90th percentile climbs to $10,245. The highest median tax bill in the area is $7,584 in the 98021 zip code, compared to the lowest median tax bill of $4,695 in the 98011 zip code. Homeowners in Bothell can benefit from Ownwell's property tax appeal and exemption services. By leveraging local market data and expertise, Ownwell helps homeowners identify potential discrepancies in their assessed values and file appeals, potentially lowering their annual property tax bills and ensuring they only pay their fair share.
Average Bothell Tax Bill
$7,556
Average Snohomish County Tax Bill
$5,180
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Bothell, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98011 | $478 | $1,550 | $4,695 | $8,183 | $8,384 |
| 98012 | $3,536 | $6,337 | $7,531 | $8,863 | $9,904 |
| 98021 | $3,005 | $6,223 | $7,584 | $9,484 | $10,609 |
Source: Ownwell
$1,148
Average Bothell Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 20 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Snohomish Tax Assessor | |
| Phone | (425) 388-3433 |
| Website | www.snoco.org |
| Contact.Assessor@snoco.org | |
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