Greenbank, Island County, Washington Property Taxes
Median Greenbank, WA effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Greenbank, WA home value: $658,165
Median annual Greenbank, WA tax bill: $4,654, $2,254 higher than the national median property tax bill of $2,400.
How are property taxes in Island County calculated?
Property taxes in Greenbank, 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 Greenbank’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenbank, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greenbank, Island County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$4,936
$4,581
Ownwell’s Greenbank Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenbank with just two data points.
By entering your property's estimated assessed value, our calculator applies Greenbank’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 Greenbank, Island County, Washington
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In GREENBANK, nestled in Island County, the effective property tax rate is an important consideration for homeowners. While the median property tax rate in Washington is lower than the national median, property taxes can still be a significant expense for residents. The effective property tax rate in GREENBANK can be compared to other cities in Washington and the median property tax rates in the state and the U.S. This comparison helps homeowners understand their tax obligations in context. Understanding how your local tax rate compares to others can offer valuable insights into potential savings and budgeting. Whether you're a long-time resident or considering a move, being informed about property tax trends is essential for making sound financial decisions.
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 Greenbank Tax Rate
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 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 Greenbank, Island County, Washington
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98253 | 0.65% | 0.70% | 0.75% | 0.76% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Greenbank, Island County, Washington
Property Tax Assessment Values Across Greenbank, Island County, Washington
Source: Ownwell

$454,081
$556,538
$658,994
Median Greenbank Market Value
$658,165
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 Greenbank, Island County, Washington
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98253 | $310,200 | $463,430 | $658,165 | $905,545 | $1,149,200 |
Source: Ownwell
Property Tax Bills Across Greenbank, Island County, Washington
Median Greenbank Tax Bill
$4,654
Median Island County Tax Bill
$3,760
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenbank, Island County, Washington
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98253 | $1,704 | $3,177 | $4,654 | $6,543 | $8,349 |
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 | |
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Island Tax Assessor | |
Website | assessor.islandcountywa.gov |