Snoqualmie, Washington Property Taxes
The median property tax rate in Snoqualmie, WA is 0.87%, slightly lower than the Washington state median of 0.88% but still below the national median of 0.99%. With a median home value of $1,038,000 in Snoqualmie, the typical annual property tax bill reaches $9,142, significantly higher than the national median of $2,690. Property taxes in Snoqualmie are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Snoqualmie's property tax system and exploring available exemptions, homeowners and real estate investors can identify opportunities for significant annual savings. Whether you're in the heart of Snoqualmie or another part of King County, gaining insights into the local property tax system will be beneficial.
Last Updated June 14, 2024
Snoqualmie, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$9,031
$8,822
$1,148
Average Snoqualmie, Washington Tax Savings
Ownwell’s Snoqualmie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snoqualmie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snoqualmie 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 Snoqualmie. 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 Snoqualmie, Washington
Property taxes in Snoqualmie, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snoqualmie is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Snoqualmie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snoqualmie 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 Snoqualmie's effective property tax rate to other counties in Washington and the national median. For comparison, the 98065 zip code has the highest median property tax rate of 0.87%, while the same 98065 zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Snoqualmie 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 Snoqualmie Tax Rate
0.87%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snoqualmie, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98065 | 0.87% | 0.87% | 0.87% | 0.88% | 0.99% |
Source: Ownwell
$1,148
Average Snoqualmie Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Snoqualmie, Washington
In Snoqualmie, 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 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 Snoqualmie, 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 Snoqualmie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $1,038,000, with the 25th percentile tax bill at $6,926 and the 75th percentile at $11,217. The zip code 98065 has both the highest and lowest median tax bill, valued at $9,142.
Property Tax Assessment Values Across Snoqualmie, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Snoqualmie Assessed Value
$1,038,000
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 Snoqualmie, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98065 | $531,600 | $765,000 | $1,038,000 | $1,276,000 | $1,470,000 |
Source: Ownwell
$1,148
Average Snoqualmie Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Snoqualmie, Washington
In Snoqualmie, property tax bills are calculated based on the assessed value of your home, which is determined by the King County Assessor's Office. The assessed value is then multiplied by the local property tax rate to determine your annual tax bill. With a median home price of $1,038,000, homeowners in Snoqualmie typically face tax bills ranging from $6,926 at the 25th percentile to $12,982 at the 90th percentile. The median property tax bill in the area is $9,142, which is higher than the national median property tax rate of 0.99%. Several factors influence your property tax bill, including changes in property values, local government budgets, and voter-approved levies. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Ownwell can help homeowners in Snoqualmie save on their property tax bills by providing expert property tax appeal and exemption services. Our team works to ensure your property is fairly assessed, potentially lowering your tax obligation and saving you money.
Average Snoqualmie Tax Bill
$9,142
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Snoqualmie, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98065 | $4,632 | $6,926 | $9,142 | $11,217 | $12,982 |
Source: Ownwell
$1,148
Average Snoqualmie 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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