Langley, Washington Property Taxes
The median property tax rate in Langley, 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 Langley at $658,994, the typical annual property tax bill amounts to $4,053, surpassing the national median of $2,690. Property taxes in Langley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Langley'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 Langley or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Langley, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$4,086
$3,791
Ownwell’s Langley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Langley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Langley 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 Langley, Washington
Property taxes in Langley, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Langley is 0.62%, lower than the U.S. national median of 0.99%. Local government entities within Langley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Langley 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 Langley's effective property tax rate to other counties in Washington and the national median. For comparison, the 98260 zip code has both the highest and lowest median property tax rate of 0.62%. Understanding how these areas compare with Langley 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 Langley 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 Langley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98260 | 0.55% | 0.60% | 0.62% | 0.65% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Langley, Washington
In Langley, 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 Langley, 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 Langley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Langley is 98260, with a median tax bill of $4,053.
Average Langley Assessed Value
$658,994
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 Langley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98260 | $359,080 | $488,064 | $658,994 | $853,306 | $1,067,285 |
Source: Ownwell
Property Tax Bills Across Langley, Washington
In Langley, located in Island County, WA, property tax bills are determined by assessing the value of a property and applying the local tax rate. This process begins with the county assessor evaluating the property's market value, which is then used to calculate the assessed value. The assessed value is typically a percentage of the market value and is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the property tax bill, including the property's location, size, and use, as well as any applicable exemptions or deductions. For instance, the median home price in Langley is $658,994. Tax bills can vary significantly, with the 25th percentile at $2,872 and the 75th percentile at $5,343, while the 90th percentile reaches $6,889. Homeowners in Langley experience property tax rates that can significantly impact their annual expenses. Comparing this to the national median property tax rate of 0.99%, it's evident that local rates and property values play a crucial role in determining the final tax bill.
Average Langley Tax Bill
$4,053
Average Island County Tax Bill
$3,760
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Langley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98260 | $1,686 | $2,872 | $4,053 | $5,343 | $6,889 |
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 |