Duvall, Washington Property Taxes
The median property tax rate in Duvall, WA is 0.90%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With a median home value of $876,000 in Duvall, the typical annual property tax bill reaches $7,928, significantly surpassing the national median of $2,690. Property taxes in Duvall are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Duvall's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Duvall or another part of King County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duvall, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$7,884
$7,702
$1,148
Average Duvall, Washington Tax Savings
Ownwell’s Duvall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duvall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duvall to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Duvall. 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 Duvall, Washington
Property taxes in Duvall, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duvall is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Duvall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duvall 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 Duvall's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98019 has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these figures compare with Duvall provides valuable insights into the varying tax landscape across King County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duvall Tax Rate
0.90%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duvall, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98019 | 0.89% | 0.89% | 0.90% | 0.94% | 0.97% |
Source: Ownwell
$1,148
Average Duvall Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Duvall, Washington
In Duvall, 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 King 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 Duvall, 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 Duvall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $7927, found in zip code 98019.
Property Tax Assessment Values Across Duvall, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Duvall Assessed Value
$876,000
Average King County Assessed Value
$770,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duvall, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98019 | $540,200 | $711,000 | $876,000 | $1,040,000 | $1,185,800 |
Source: Ownwell
$1,148
Average Duvall Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Duvall, Washington
In Duvall, King County, WA, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the market value, which can fluctuate based on real estate trends and economic conditions. For homeowners in Duvall, the median home price is $876,000, resulting in substantial tax bills. The 25th percentile tax bill is $6,363, while the 75th percentile reaches $9,355, and for the 90th percentile, it's $10,671. These tax bills can significantly impact homeowners, making it essential to ensure that properties are not over-assessed. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax obligations. By conducting thorough market analysis and leveraging local property data, Ownwell identifies discrepancies in assessments and advocates for fair adjustments. This service can lead to considerable savings, providing financial relief and ensuring homeowners in Duvall are not overpaying on their property taxes.
Average Duvall Tax Bill
$7,928
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Duvall, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98019 | $4,720 | $6,362 | $7,927 | $9,355 | $10,671 |
Source: Ownwell
$1,148
Average Duvall Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| King Tax Assessor | |
| Phone | (206) 296-7300 |
| Website | blue.kingcounty.com |
| assessor.info@kingcounty.gov | |
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