Sumas, Washington Property Taxes
The median property tax rate in Sumas, WA is 0.84%, 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 Sumas, the typical annual property tax bill is $1,756, falling below the national median of $2,690. Property taxes in Sumas are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sumas'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 Sumas or another part of Whatcom County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sumas, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,925
-$20,176
$1,148
Average Sumas, Washington Tax Savings
Ownwell’s Sumas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sumas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sumas 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 Sumas. 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 Sumas, Washington
Property taxes in Sumas, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sumas is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Sumas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sumas 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 Sumas's effective property tax rate to other counties in Washington and the national median. For comparison, the 98295 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Sumas provides valuable insights into the varying tax landscape across Whatcom County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sumas Tax Rate
0.84%
Average Whatcom County Tax Rate
0.73%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sumas, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98295 | 0.51% | 0.75% | 0.84% | 0.92% | 0.93% |
Source: Ownwell
$1,148
Average Sumas Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sumas, Washington
In Sumas, 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 Whatcom 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 Sumas, 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 Sumas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Sumas is $229,188, with the highest and lowest median tax bills both being $1,756 in the 98295 zip code.
Average Sumas Assessed Value
$229,188
Average Whatcom County Assessed Value
$517,614
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sumas, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98295 | $11,350 | $30,418 | $229,188 | $410,820 | $570,277 |
Source: Ownwell
$1,148
Average Sumas Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sumas, Washington
In Sumas, Whatcom County, WA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Sumas, the median home price is $229,188. Tax bills can vary significantly, with the 25th percentile at $161 and the 90th percentile reaching $4,840. The area’s highest and lowest median tax bills are both $1,756, indicating some consistency in assessments. Ownwell can assist homeowners in Sumas by reviewing their property assessments and identifying opportunities for appeals. By challenging over-assessments, Ownwell helps ensure homeowners are not overpaying on their property taxes. This service can lead to substantial savings, easing the financial burden on homeowners and ensuring they only pay their fair share.
Average Sumas Tax Bill
$1,756
Average Whatcom County Tax Bill
$3,632
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sumas, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98295 | $79 | $161 | $1,756 | $3,425 | $4,840 |
Source: Ownwell
$1,148
Average Sumas Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 19 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Whatcom Tax Assessor | |
| Website | property.spatialest.com |
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