Edmonds, Douglas County, Washington Property Taxes

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties determine their necessary budget to fund local services and then divide this amount by the total assessed value of all taxable properties within their area. This calculation establishes the property tax rate for that year. While the process involves votes and legislation, this is the fundamental method used to determine rates annually.

In Edmonds, located in Snohomish County, Washington, the effective property tax rate is 0.83%, which is slightly lower than the national median of 1.02%. Residents of Edmonds pay an average property tax bill of $5,400, which is considerably higher than the national median bill of $2,400. This disparity reflects the higher property values in the area. Compared to other cities in Washington, Edmonds has a relatively moderate tax rate, as the state median is 0.93%. Understanding these differences can help property owners in Edmonds make informed decisions about property tax appeals and exemptions to potentially reduce their tax burden.

In Edmonds, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Homeowners in Edmonds typically face a median property tax bill of $1,107, which is considerably lower than the national median of $2,400. This is due to the relatively low median home price of $146,900 in the area. Factors such as the property's location, size, and any improvements can influence the assessed value, and consequently, the tax bill.

For homeowners looking to reduce their property tax burden, Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying on their taxes. With a deep understanding of local tax regulations and a proven track record of successful appeals, Ownwell can help homeowners achieve significant savings on their property tax bills.