Coupeville, Washington Property Taxes
The median property tax rate in Coupeville, WA is 0.73%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $536,597, the typical annual property tax bill in Coupeville reaches $3,875, significantly higher than the national median of $2,690. Property taxes in Coupeville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Coupeville'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 Coupeville or another part of Island County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coupeville, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$3,917
$3,635
Ownwell’s Coupeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coupeville with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Coupeville to provide an accurate estimate of your property tax bill. This invaluable tool aids in understanding potential tax liabilities and planning accordingly. For those interested in more detailed insights on a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Island County for tax calculations, takes into account any applicable exemptions, ensuring you have a clear picture of your financial responsibilities.
Property Tax Rates Across Coupeville, Washington
Property taxes in Coupeville, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coupeville is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Coupeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coupeville 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 Coupeville's effective property tax rate to other areas in Island County and the national median. For comparison, the 98239 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these figures compare with Coupeville provides valuable insights into the varying tax landscape across Island County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coupeville Tax Rate
0.73%
Average Island County Tax Rate
0.68%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coupeville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98239 | 0.65% | 0.70% | 0.73% | 0.75% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Coupeville, Washington
In Coupeville, 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 Island 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 Coupeville, 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. The median home price in Coupeville is $536,597, and the tax bills range significantly, with the 25th percentile at $2,975 and the 90th percentile at $6,805. The highest and lowest median tax bills are both found in the 98239 zip code, each at $3,875. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coupeville Assessed Value
$536,597
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 Coupeville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98239 | $298,217 | $417,570 | $536,597 | $727,266 | $956,840 |
Source: Ownwell
Property Tax Bills Across Coupeville, Washington
In Coupeville, located in Island County, WA, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $536,597. Property taxes are determined by multiplying the assessed value by the local tax rate. This rate is applied uniformly, ensuring that homeowners pay taxes proportional to their property's value. Several factors influence a homeowner's tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. In Coupeville, the tax bill for the 25th percentile is $2,975, while the 75th percentile reaches $5,205, and the 90th percentile can be as high as $6,805. The highest and lowest median tax bills in the area both stand at $3,875, highlighting a relatively consistent taxing structure within the zip code 98239. For homeowners, understanding these factors is crucial as property taxes significantly impact annual expenses. Comparing these figures to the national median property tax rate of 0.99% can help homeowners gauge their tax burden relative to other regions.
Average Coupeville Tax Bill
$3,875
Average Island County Tax Bill
$3,760
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Coupeville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98239 | $1,225 | $2,975 | $3,875 | $5,205 | $6,805 |
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 |