Sequim, Jefferson County, Washington Property Taxes
The median property tax rate in Sequim, WA is 0.82%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Sequim at $385,285, the typical annual property tax bill reaches $3,110, surpassing the national median of $2,690. Property taxes in Sequim are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sequim'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 Sequim 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
Sequim, Jefferson County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$3,159
$2,932
Ownwell’s Sequim Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sequim with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sequim 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 Sequim, Jefferson County, Washington
Property taxes in Sequim, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sequim is 0.82%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Sequim set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sequim 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 Sequim's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98382 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Sequim provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sequim Tax Rate
0.82%
Average Jefferson County Tax Rate
0.82%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sequim, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98382 | 0.81% | 0.81% | 0.82% | 0.85% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Sequim, Jefferson County, Washington
In Sequim, 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 Jefferson County Appraisal District 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 Sequim, 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 Sequim helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sequim is $385,285, with the highest and lowest median tax bills both being $3,110 in the 98382 zip code.
Property Tax Assessment Values Across Sequim, Jefferson County, Washington
Source: Ownwell
$67,956
$305,205
$542,454
Average Sequim Assessed Value
$385,285
Average Jefferson County Assessed Value
$406,419
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sequim, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98382 | $125,795 | $220,808 | $385,285 | $649,234 | $837,260 |
Source: Ownwell
Property Tax Bills Across Sequim, Jefferson County, Washington
In Sequim, located in Jefferson County, WA, property tax bills are calculated based on the property's assessed value, which is determined by the local assessor's office. The assessed value aims to reflect the market value of the home. Homeowners in Sequim can expect varying tax bills, with the 25th percentile tax bill around $1,746 and the 75th percentile reaching up to $5,356. The 90th percentile tax bill can be as high as $6,799. Several factors influence the property tax bill, including the assessed value of the home, local tax rates, and applicable exemptions. The median home price in Sequim is $385,285, and with the national median property tax rate at 0.99%, Sequim's rates can be relatively high or low depending on specific assessments and local levies. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to community development and quality of life.
Average Sequim Tax Bill
$3,110
Average Jefferson County Tax Bill
$3,190
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sequim, Jefferson County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98382 | $1,018 | $1,746 | $3,110 | $5,356 | $6,799 |
Source: Ownwell