North Bend, Washington Property Taxes
The median property tax rate in North Bend, WA is 0.97%, 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 North Bend at $873,000, the typical annual property tax bill reaches $7,928, significantly surpassing the national median of $2,690. Property taxes in North Bend 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 North Bend'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 North Bend 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
North Bend, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$8,468
$8,273
$1,148
Average North Bend, Washington Tax Savings
Ownwell’s North Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Bend 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 North Bend. 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 North Bend, Washington
Property taxes in North Bend, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Bend is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within North Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Bend 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 North Bend's effective property tax rate to other areas in King County and the national median. For comparison, the 98045 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with North Bend 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 North Bend Tax Rate
0.97%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Bend, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98045 | 0.86% | 0.86% | 0.97% | 1.01% | 1.02% |
Source: Ownwell
$1,148
Average North Bend Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across North Bend, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Bend, Washington. 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 Assessor 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 North Bend, 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 North Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in North Bend is $7,928, and the lowest median tax bill is also $7,928, both observed in the 98045 zip code.
Property Tax Assessment Values Across North Bend, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average North Bend Assessed Value
$873,000
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 North Bend, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98045 | $548,000 | $662,000 | $873,000 | $1,108,000 | $1,283,000 |
Source: Ownwell
$1,148
Average North Bend Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across North Bend, Washington
In North Bend, King County, WA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The median home price in North Bend is $873,000, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. Homeowners in North Bend can expect tax bills ranging from $6,327 at the 25th percentile to $11,697 at the 90th percentile. These tax bills can be a significant financial burden, but Ownwell offers a solution. Our property tax consultants specialize in appealing and securing exemptions for homeowners, potentially saving them thousands of dollars. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and file appeals on your behalf. This service ensures that you pay only your fair share, helping to reduce your overall property tax burden.
Average North Bend 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 North Bend, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98045 | $4,464 | $6,327 | $7,928 | $9,948 | $11,697 |
Source: Ownwell
$1,148
Average North Bend 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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