Sammamish, Franklin County, Washington Property Taxes

Local government entities set tax rates, which can vary significantly within a state. Why? Because each year, counties estimate the budget required to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the essence of the annual procedure.

In Sammamish, located in King County, Washington, the effective property tax rate is 0.95%. This rate is slightly below the national median property tax rate of 1.02%. However, it is important to note that the median property tax bill in Sammamish is $8,500, which is significantly higher than the national median of $2,400. This discrepancy is due to the higher property values in Sammamish, which result in a larger tax bill despite the lower rate. Comparing Sammamish’s effective property tax rate to other cities in Washington and the national median provides valuable insight into the local tax landscape.

In Sammamish, located in Franklin County, WA, property tax bills are determined based on the assessed value of a home. This value is calculated by local assessors who evaluate various factors, including the property's market value, location, and improvements. For homeowners in Sammamish, the median home price stands at $576,700, with property tax bills at the 25th, 75th, and 90th percentiles all being $4,354. This is significantly higher than the national median property tax bill of $2,400, indicating that homeowners in Sammamish face a substantial tax burden.

The property tax rate in Sammamish is influenced by local government budgets and voter-approved levies, which fund essential services such as schools, infrastructure, and public safety. As these rates and assessed values can fluctuate, homeowners may find their tax bills increasing unexpectedly. Ownwell offers valuable assistance by helping homeowners appeal their property assessments, potentially reducing their tax bills. By leveraging expertise in local tax regulations and assessment processes, Ownwell can help homeowners ensure they are not overpaying, offering a chance to save significantly on their property taxes.