Kenmore, Washington Property Taxes
The median property tax rate in Kenmore, WA is 0.91%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Kenmore at $954,000, the typical annual property tax bill reaches $8,651, significantly surpassing the national median of $2,690. Property taxes in Kenmore are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kenmore'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 Kenmore 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
Kenmore, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Kenmore, Washington Tax Savings
Ownwell’s Kenmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenmore 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 Kenmore. 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 Kenmore, Washington
Property taxes in Kenmore, WA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenmore is 0.91%, just below the U.S. national median of 0.99%. Local government entities within Kenmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenmore 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 Kenmore's effective property tax rate to other areas in King County and the national median. For comparison, the 98028 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Kenmore 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 Kenmore Tax Rate
0.91%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenmore, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98028 | 0.88% | 0.90% | 0.91% | 0.92% | 0.93% |
Source: Ownwell
$1,148
Average Kenmore Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Kenmore, Washington
In Kenmore, 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 Kenmore, 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 Kenmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98028 in Kenmore has both the highest and lowest median tax bills at $8,651.
Property Tax Assessment Values Across Kenmore, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Kenmore Assessed Value
$954,000
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 Kenmore, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98028 | $479,000 | $787,000 | $954,000 | $1,156,000 | $1,366,000 |
Source: Ownwell
$1,148
Average Kenmore Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Kenmore, Washington
In Kenmore, located in King County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Kenmore is $954,000, and the property tax rate is applied to this assessed value. Factors such as the property's location, market conditions, and any improvements made to the property are considered in the assessment. Homeowners in Kenmore experience a range of tax bills, with the 25th percentile at $7,067 and the 90th percentile reaching up to $12,148. The highest median tax bill in the area is $8,651, notably higher than the national median property tax rate of 0.99%. Ownwell helps homeowners by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it with market trends, Ownwell identifies potential discrepancies and files appeals on your behalf. This can lead to significant savings on your property tax bill, ensuring you are not overpaying and are only paying your fair share.
Average Kenmore Tax Bill
$8,651
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenmore, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98028 | $3,383 | $7,067 | $8,651 | $10,393 | $12,149 |
Source: Ownwell
$1,148
Average Kenmore 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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