Island County Property Taxes
The median property tax rate in Island County is 0.68%, which is significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Island County at $541,558, the typical annual property tax bill reaches $3,760, which is still higher than the national median of $2,690. Property taxes in Island County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Island County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Oak Harbor or another part of Island County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Island County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$3,683
$3,417
Ownwell’s Island County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Island County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Island County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property's assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Island County, Washington
Property taxes in Island County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Island County is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Island County set these rates annually, and they can vary significantly between different areas within the county. Each year, Island County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Island County's effective property tax rate with other regions and the national median. For comparison, the city of Greenbank has one of the higher property tax rates in the area at 0.75%, while the city of Clinton boasts one of the lowest at 0.62%. Analyzing how Island County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Island County Tax Rate
0.68%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Island County, Washington
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camano Island | 0.60% | 0.66% | 0.68% | 0.70% | 0.72% |
| Clinton | 0.57% | 0.60% | 0.62% | 0.63% | 0.65% |
| Coupeville | 0.65% | 0.70% | 0.73% | 0.75% | 0.78% |
| Freeland | 0.56% | 0.60% | 0.62% | 0.64% | 0.66% |
| Greenbank | 0.65% | 0.70% | 0.75% | 0.76% | 0.78% |
| Langley | 0.55% | 0.60% | 0.62% | 0.65% | 0.69% |
| Oak Harbor | 0.63% | 0.68% | 0.73% | 0.83% | 0.85% |
| Seattle | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Island County, Washington
In Island County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Island County Appraisal District. The assessed value, however, 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. Assessment notices in Island County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Island County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, in Seattle, the highest median tax bill is $6,121, while in Oak Harbor, the lowest median tax bill is $3,418. This significant difference highlights the importance of understanding your property’s assessed value and potential exemptions.
Property Tax Assessment Values Across Island County, Washington
Source: Ownwell
$454,081
$676,215
$898,348
Average Island County Assessed Value
$541,558
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Island County, Washington
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camano Island | $345,799 | $478,266 | $639,869 | $867,070 | $1,113,332 |
| Clinton | $341,028 | $464,077 | $622,331 | $862,213 | $1,174,723 |
| Coupeville | $298,217 | $417,570 | $536,597 | $727,266 | $956,840 |
| Freeland | $320,716 | $474,560 | $624,206 | $877,270 | $1,350,491 |
| Greenbank | $310,200 | $463,430 | $658,165 | $905,545 | $1,149,200 |
| Langley | $359,080 | $488,064 | $658,994 | $853,306 | $1,067,285 |
| Oak Harbor | $208,283 | $363,604 | $454,081 | $553,146 | $713,790 |
| Seattle | $898,348 | $898,348 | $898,348 | $898,348 | $898,348 |
Source: Ownwell
Property Tax Bills Across Island County, Washington
In Island County, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition can influence its assessed value. For instance, the median home price in Island County is $541,558, which provides a baseline for understanding property tax bills in the area. Homeowners in Island County experience a range of tax bills. At the 25th percentile, the tax bill is $2,787, while at the 75th percentile, it rises to $4,999. For those at the 90th percentile, the tax bill can be as high as $6,772. This variation highlights how different factors can significantly impact the amount homeowners pay. Compared to the national median property tax rate of 0.99%, Island County's property taxes can be relatively high, particularly in cities like Seattle, where the highest median tax bill is $6,121, contrasting with Oak Harbor's lower median tax bill of $3,418.
Average Island County Tax Bill
$3,760
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Island County, Washington
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camano Island | $2,030 | $3,127 | $4,251 | $5,801 | $7,404 |
| Clinton | $1,565 | $2,737 | $3,761 | $5,237 | $7,265 |
| Coupeville | $1,225 | $2,975 | $3,875 | $5,205 | $6,805 |
| Freeland | $1,328 | $2,715 | $3,804 | $5,454 | $8,568 |
| Greenbank | $1,704 | $3,177 | $4,654 | $6,543 | $8,349 |
| Langley | $1,686 | $2,872 | $4,053 | $5,343 | $6,889 |
| Oak Harbor | $918 | $2,570 | $3,418 | $4,146 | $5,035 |
| Seattle | $6,121 | $6,121 | $6,121 | $6,121 | $6,121 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Island Tax Assessor | |
| Website | assessor.islandcountywa.gov |