Chimacum, Jefferson County, Washington Property Taxes
Median Chimacum, WA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Chimacum, WA home value: $271,309
Median annual Chimacum, WA tax bill: $2,032, $368 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in Chimacum, 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 Chimacum’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chimacum, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chimacum, Jefferson County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$2,089
$1,939
Property Tax Rates Across Chimacum, Jefferson County, Washington
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate.
In Chimacum, located in Jefferson County, Washington, the effective property tax rate is 0.77%. This rate is in line with the highest and lowest median tax rates within the same zip code, highlighting a uniformity in tax assessment in the area. Compared to the national median property tax rate of 1.02%, Chimacum offers a relatively lower rate, which can be an attractive factor for property owners seeking to minimize their tax burden.
While the process of setting tax rates and budgets involves votes and laws, the overarching method remains consistent. Property owners in Chimacum can benefit from understanding how these rates compare locally and nationally, providing a clearer picture of their tax obligations relative to other regions.
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 Chimacum Tax Rate
0.77%
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 Jefferson County Tax Rate
0.82%
Median Effective Washington Tax Rate
0.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chimacum, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98325 | 0.75% | 0.76% | 0.77% | 0.79% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Chimacum, Jefferson County, Washington
When examining property taxes in Chimacum, 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 Jefferson County appraisal district 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.
In Jefferson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Chimacum. For example, the median home price in Chimacum is $271,309, with tax bills ranging significantly across the county. Zip code 98325 has the highest median home price at $271,309.
Property Tax Assessment Values Across Chimacum, Jefferson County, Washington
Source: Ownwell
$67,956
$305,205
$542,454
Median Chimacum Market Value
$271,309
Median Jefferson County Market Value
$406,419
Median Washington Market Value
$482,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chimacum, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98325 | $80,377 | $162,078 | $271,309 | $397,682 | $540,328 |
Source: Ownwell
Property Tax Bills Across Chimacum, Jefferson County, Washington
Median Chimacum Tax Bill
$2,032
Median Jefferson County Tax Bill
$3,190
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Chimacum, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98325 | $414 | $1,174 | $2,032 | $2,981 | $4,111 |
Source: Ownwell