Woodinville, Washington Property Taxes
The median property tax rate in Woodinville, WA is 0.89%, slightly lower than the national median of 0.99% but marginally higher than the Washington state median of 0.88%. With the median home value in Woodinville at $1,245,000, the typical annual property tax bill reaches $10,944, significantly exceeding the national median of $2,690. Property taxes in Woodinville are calculated based on the tax-assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Woodinville'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 Woodinville or another part of King County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Woodinville, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$11,081
$10,282
$1,148
Average Tax Savings
Ownwell’s Woodinville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodinville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodinville 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 Woodinville. 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 Woodinville, Washington
Property taxes in Woodinville, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodinville is 0.89%, which is slightly below the Washington state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Woodinville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodinville 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 Woodinville's effective property tax rate to other areas in King County and the national median. For comparison, the 98077 zip code has the highest median property tax rate of 0.90%, while the 98072 zip code has the lowest median tax rate of 0.87%. Understanding how these areas compare with Woodinville 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 Woodinville Tax Rate
0.89%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodinville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98072 | 0.84% | 0.85% | 0.87% | 0.90% | 0.92% |
| 98077 | 0.85% | 0.86% | 0.90% | 0.91% | 0.93% |
Source: Ownwell
$1,148
Average Woodinville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Woodinville, Washington
In Woodinville, 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 Woodinville, 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 highest median tax bill is $12,237 in the 98077 zip code, while the lowest median tax bill is $9,983 in the 98072 zip code. 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 Woodinville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Woodinville, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Woodinville Assessed Value
$1,245,000
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 Woodinville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98072 | $571,000 | $911,000 | $1,160,000 | $1,496,000 | $1,920,000 |
| 98077 | $855,000 | $1,098,000 | $1,365,000 | $1,754,000 | $2,128,000 |
Source: Ownwell
$1,148
Average Woodinville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Woodinville, Washington
In Woodinville, WA, property tax bills are calculated based on the assessed value of a home. The King County Assessor determines this value annually, reflecting the market value of the property. Factors such as property size, location, and market trends play a significant role in this assessment. Homeowners in Woodinville face varying tax bills, with the 25th percentile at $8,455 and the 75th percentile at $14,091. The highest median tax bill in the area is $12,237 in the 98077 zip code, while the lowest is $9,983 in 98072. These tax bills can significantly impact homeowners, often leading to financial strain. Ownwell offers a solution by providing expert property tax appeal and exemption services. By leveraging local market knowledge and legal expertise, Ownwell helps homeowners challenge their assessed values, potentially lowering their tax bills. This service ensures that homeowners pay only their fair share, freeing up funds for other essential expenses.
Average Woodinville Tax Bill
$10,944
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodinville, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98072 | $3,742 | $7,840 | $9,983 | $13,090 | $16,918 |
| 98077 | $7,328 | $9,874 | $12,237 | $15,342 | $18,362 |
Source: Ownwell
$1,148
Average Woodinville 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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