Port Ludlow, Jefferson County, Washington Property Taxes
Median PORT LUDLOW, WA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the WA state median of 0.88%.
Median PORT LUDLOW, WA home value: $521,958
Median annual PORT LUDLOW, WA tax bill: $4,003, $1,603 higher than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in PORT LUDLOW, 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 PORT LUDLOW’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PORT LUDLOW, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Port Ludlow, 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
$4,019
$3,730
Property Tax Rates Across Port Ludlow, Jefferson County, Washington
Local government entities set tax rates, which can vary widely within a state. Annually, each county 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. Below, you can compare Port Ludlow’s effective property tax rate to other cities in Washington and the median property tax rates in Washington and the U.S.
Port Ludlow, located in Jefferson County, has an effective property tax rate that stands out when compared to the national median. With a median tax rate of 0.77%, it is significantly lower than the national median property tax rate of 1.02%. This can make Port Ludlow an attractive option for property owners looking for lower tax burdens. In comparison to other areas within Washington, Port Ludlow maintains a consistent rate, offering stability and predictability in property tax expenses. For those considering relocating or investing in property, understanding these differences in tax rates can help make informed 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 Port Ludlow 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 Port Ludlow, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98365 | 0.76% | 0.77% | 0.77% | 0.78% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Port Ludlow, Jefferson County, Washington
When examining property taxes in Port Ludlow, 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 Assessor 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 May. 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 Port Ludlow. For example, the median home price in Port Ludlow is $521,958, with tax bills ranging significantly across the county. ZIP code 98365 has the highest median home price at $521,958.
Property Tax Assessment Values Across Port Ludlow, Jefferson County, Washington
Source: Ownwell
$67,956
$305,205
$542,454
Median Port Ludlow Market Value
$521,958
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 Port Ludlow, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98365 | $271,072 | $393,360 | $521,958 | $668,327 | $870,818 |
Source: Ownwell
Property Tax Bills Across Port Ludlow, Jefferson County, Washington
In Port Ludlow, located in Jefferson County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is approximately $521,958, which influences the tax bill homeowners receive. Tax rates are applied to the assessed value to determine the final tax bill. In Port Ludlow, the median property tax bill is $4,003, significantly higher than the national median of $2,400. This high tax bill can be a burden for homeowners, especially when compared to the national median property tax rate of 1.02%.
Homeowners in Port Ludlow can benefit from appealing their property tax assessments, potentially reducing their tax burden. This is where Ownwell comes in. By providing expert property tax appeal services, Ownwell helps homeowners ensure their properties are assessed fairly, potentially saving them a significant amount on their annual tax bills. With Ownwell's expertise, homeowners can navigate the complex property tax system and secure the best possible outcome for their finances.
Median Port Ludlow Tax Bill
$4,003
Median Jefferson County Tax Bill
$3,190
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Port Ludlow, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98365 | $1,854 | $3,009 | $4,003 | $5,138 | $6,689 |
Source: Ownwell