Camano Island, Island County, Washington Property Taxes

Name: Property Tax Bills Across Camano Island, Island County, Washington
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Camano Island, WA effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Camano Island, WA home value: $639,869
Median annual Camano Island, WA tax bill: $4,251, $1,851 higher than the national median property tax bill of $2,400.

How are property taxes in Island County calculated?

Property taxes in Camano Island, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Camano Island’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Camano Island, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Camano Island, Island County, Washington Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$4,351

$4,038

Ownwell’s Camano Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Camano Island with just two data points. By entering your property's estimated assessed value, our calculator applies Camano Island’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Island County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Camano Island, Island County, Washington

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Camano Island, located in Island County, WA, the effective property tax rate is 0.68%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in Washington, Camano Island's property tax rate remains relatively consistent, as it is both the highest and lowest median tax rate in its zip code. The median property tax bill in Camano Island is also likely to be lower than the national median of $2,400. This makes Camano Island an attractive location for property owners seeking lower property tax rates while still enjoying the benefits of local services.

Property Tax Rates Across Camano Island, Island County, Washington

Source: Ownwell

0.62%

0.68%

0.75%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Camano Island Tax Rate

0.68%

Median Effective Island County Tax Rate

0.68%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Camano Island, Island County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
98282	0.60%	0.66%	0.68%	0.70%	0.72%

Source: Ownwell

Property Tax Assessment Values Across Camano Island, Island County, Washington

When examining property taxes in Camano Island, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Island County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Island County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Camano Island.

For example, the median home price in Camano Island is $639,869, with tax bills ranging significantly across the county. Zip code 98282 has the highest median home price at $639,869.

Property Tax Assessment Values Across Camano Island, Island County, Washington

Source: Ownwell

$454,081

$556,538

$658,994

Median Camano Island Market Value

$639,869

Median Island County Market Value

$541,558

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Camano Island, Island County, Washington

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
98282	$345,799	$478,266	$639,869	$867,070	$1,113,332

Source: Ownwell

Property Tax Bills Across Camano Island, Island County, Washington

In Camano Island, located in Island County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The local property tax rate is applied to this assessed value to determine the total tax bill. Homeowners in Camano Island experience a range of tax bills, with the 25th percentile at $3,127 and the 75th percentile reaching $5,801. The highest median tax bill in the area is $4,251, which is notably above the national median property tax bill of $2,400. These tax bills can significantly impact homeowners, as they represent a substantial annual expense. Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption assistance, which can help reduce these bills. By analyzing property assessments and identifying potential savings, Ownwell's expertise ensures that homeowners are not overpaying on their property taxes, offering peace of mind and financial relief.

Property Tax Bills Across Camano Island, Island County, Washington

Source: Ownwell

$3,418

$4,036

$4,654

Median Camano Island Tax Bill

$4,251

Median Island County Tax Bill

$3,760

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Camano Island, Island County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
98282	$2,030	$3,127	$4,251	$5,801	$7,404

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