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Marysville, Washington Property Taxes

The median property tax rate in Marysville, WA is 0.60%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $532,200 in Marysville, the typical annual property tax bill reaches $3,227, significantly higher than the national median of $2,690. Property taxes in Marysville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence exemption. Understanding Marysville'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 Marysville 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

Marysville, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

0.6%

Estimate Property Tax Bill

$3,193

$3,119

SAVE WITH OWNWELL

$1,148

Average Marysville, Washington Tax Savings

Ownwell’s Marysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marysville 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 Marysville. 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 Marysville, Washington

Property taxes in Marysville, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Marysville is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Marysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marysville 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 Marysville's effective property tax rate to other areas in Snohomish County and the national median. For comparison, the 98259 zip code has the highest median property tax rate of 0.83%, while the 98270 zip code has the lowest median tax rate of 0.60%. Understanding how these areas compare with Marysville 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.

Property Tax Rates Across Marysville, Washington

Source: Ownwell

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0.46%

0.68%

0.90%

Average Marysville Tax Rate

0.60%

Average Snohomish County Tax Rate

0.79%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Marysville, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
982590.83%0.83%0.83%0.83%0.83%
982700.60%0.60%0.60%0.60%0.83%
982710.60%0.60%0.60%0.60%0.80%

Source: Ownwell

Property Tax Assessment Values Across Marysville, Washington

In Marysville, 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 Assessor's Office 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 Marysville, 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. For example, the highest median tax bill in Marysville is $5,800 in the 98259 zip code, while the lowest is $3,099 in the 98271 zip code. 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 Marysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Marysville, Washington

Source: Ownwell

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$2,900

$1,092,200

$2,181,500

Average Marysville Assessed Value

$532,200

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 Marysville, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98259$701,600$701,600$701,600$701,600$701,600
98270$391,100$470,625$542,600$610,500$690,830
98271$335,670$430,675$502,850$581,775$700,220

Source: Ownwell

Property Tax Bills Across Marysville, Washington

In Marysville, Snohomish County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price here is $532,200, and property taxes are applied to this assessed value. Various factors such as property improvements, market conditions, and neighborhood values contribute to the assessment. Homeowners in Marysville can expect tax bills ranging from $2,718 at the 25th percentile to $4,787 at the 90th percentile, with some areas experiencing even higher rates. These tax bills can significantly impact homeowners, often creating a financial burden. That's where Ownwell comes in. By leveraging our expertise in property tax appeals and exemptions, we help homeowners potentially lower their assessed values, leading to reduced tax bills. Our personalized approach ensures that each case is thoroughly reviewed, maximizing the chances of a successful appeal. Partner with Ownwell to navigate the complexities of property taxes and secure potential savings on your annual tax bill.

Property Tax Bills Across Marysville, Washington

Source: Ownwell

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$17

$7,253

$14,489

Average Marysville Tax Bill

$3,227

Average Snohomish County Tax Bill

$5,180

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Marysville, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98259$5,800$5,800$5,800$5,800$5,800
98270$2,059$2,790$3,275$3,840$4,816
98271$1,205$2,592$3,099$3,649$4,719

Source: Ownwell

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