Sammamish, Washington Property Taxes
The median property tax rate in Sammamish, WA is 0.81%, 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 Sammamish at $1,544,000, the typical annual property tax bill reaches $12,306, significantly exceeding the national median of $2,690. Property taxes in Sammamish 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 Sammamish'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 Sammamish 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
Sammamish, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$12,506
$11,606
$1,148
Average Tax Savings
Ownwell’s Sammamish Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sammamish with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sammamish 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 Sammamish. 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 Sammamish, Washington
Property taxes in Sammamish, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sammamish is 0.81%, which is lower than both the Washington state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Sammamish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sammamish 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 Sammamish's effective property tax rate to other areas in King County and the national median. For comparison, the 98029 zip code has the highest median property tax rate of 0.83%, while the 98007 zip code has the lowest median tax rate of 0.76%. Understanding how these areas compare with Sammamish 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 Sammamish Tax Rate
0.81%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sammamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98007 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
| 98029 | 0.82% | 0.82% | 0.83% | 0.83% | 0.84% |
| 98074 | 0.77% | 0.77% | 0.78% | 0.79% | 0.80% |
| 98075 | 0.81% | 0.81% | 0.81% | 0.82% | 0.83% |
Source: Ownwell
$1,148
Average Sammamish Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sammamish, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sammamish, WA. 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 Sammamish, 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. For instance, the median home price in Sammamish is $1,544,000, with tax bills varying significantly. The 25th percentile tax bill is around $10,230, while the 75th percentile reaches approximately $15,228. The zip code 98007 has the highest median tax bill at $53,189, whereas zip code 98029 has the lowest at $10,618. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Property Tax Assessment Values Across Sammamish, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Sammamish Assessed Value
$1,544,000
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 Sammamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98007 | $7,026,000 | $7,026,000 | $7,026,000 | $7,026,000 | $7,026,000 |
| 98029 | $522,000 | $1,176,000 | $1,285,500 | $1,407,000 | $1,566,000 |
| 98074 | $912,000 | $1,243,000 | $1,528,000 | $1,885,000 | $2,320,700 |
| 98075 | $1,184,000 | $1,454,000 | $1,762,000 | $2,033,000 | $2,373,000 |
Source: Ownwell
$1,148
Average Sammamish Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sammamish, Washington
In Sammamish, property tax bills are calculated based on the assessed value of a home, which is determined by the King County Assessor's Office. The assessed value is then multiplied by the local tax rate. With a median home price of $1,544,000, homeowners in Sammamish face substantial tax bills. On average, homeowners in the 25th percentile pay around $10,230, while those in the 75th percentile see bills of approximately $15,228. The top 10% of homeowners face even higher taxes, with bills reaching up to $18,062. Several factors influence the tax bill, including property improvements, neighborhood developments, and changes in the local tax rate. These taxes directly impact homeowners by increasing their annual expenses, which can be particularly burdensome for those on fixed incomes. Ownwell can assist homeowners by analyzing their property tax assessments and identifying potential errors or overvaluations. By filing appeals and applying for exemptions, Ownwell helps reduce the tax burden, ensuring homeowners pay only their fair share.
Average Sammamish Tax Bill
$12,306
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sammamish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98007 | $53,189 | $53,189 | $53,189 | $53,189 | $53,189 |
| 98029 | $4,280 | $9,696 | $10,618 | $11,585 | $12,844 |
| 98074 | $6,884 | $9,674 | $11,904 | $14,749 | $17,970 |
| 98075 | $9,581 | $11,837 | $14,298 | $16,484 | $19,301 |
Source: Ownwell
$1,148
Average Sammamish 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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