Freeland, Washington Property Taxes
The median property tax rate in Freeland, WA is 0.62%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Freeland at $624,206, the typical annual property tax bill reaches $3,804, surpassing the national median of $2,690. Property taxes in Freeland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Freeland'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 Freeland or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Freeland, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$3,870
$3,591
Ownwell’s Freeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freeland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Freeland, Washington
Property taxes in Freeland, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Freeland is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Freeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freeland 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 Freeland's effective property tax rate to other areas in Island County and the national median. For comparison, the zip code 98249 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these rates compare with Freeland 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 Freeland Tax Rate
0.62%
Average Island County Tax Rate
0.68%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freeland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98249 | 0.56% | 0.60% | 0.62% | 0.64% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Freeland, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Freeland, Washington. 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 Freeland, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Freeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Freeland are both $3,804, found in the 98249 zip code.
Average Freeland Assessed Value
$624,206
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 Freeland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98249 | $320,716 | $474,560 | $624,206 | $877,270 | $1,350,491 |
Source: Ownwell
Property Tax Bills Across Freeland, Washington
In Freeland, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the Island County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the home's market value, location, and any improvements made to the property. For homeowners in Freeland, the median home price stands at $624,206. The property tax rate in the region is reflected in the tax bills, which range from the 25th percentile at $2,715 to the 75th percentile at $5,454, and up to the 90th percentile at $8,568. The median tax bill in the area is notably higher than the national median property tax rate of 0.99%, with the highest median tax bill recorded at $3,804 in the 98249 zip code. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Freeland.
Average Freeland Tax Bill
$3,804
Average Island County Tax Bill
$3,760
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Freeland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98249 | $1,328 | $2,715 | $3,804 | $5,454 | $8,568 |
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 |