Poulsbo, Washington Property Taxes
The median property tax rate in Poulsbo, WA is 0.88%, which is lower than the national median of 0.99% but matches the Washington state median. With the median home value in Poulsbo at $544,135, the typical annual property tax bill reaches $4,688, significantly surpassing the national median of $2,690. Property taxes in Poulsbo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Poulsbo'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 Poulsbo 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
Poulsbo, 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 Poulsbo, Washington Tax Savings
Ownwell’s Poulsbo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poulsbo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poulsbo 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 Poulsbo. 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 Poulsbo, Washington
Property taxes in Poulsbo, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poulsbo is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Poulsbo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poulsbo 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 Poulsbo's effective property tax rate to other areas in Kitsap County and the national median. For comparison, the 98370 zip code has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Poulsbo provides valuable insights into the varying tax landscape across Kitsap County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poulsbo Tax Rate
0.88%
Average Kitsap County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poulsbo, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98370 | 0.76% | 0.87% | 0.88% | 0.89% | 0.91% |
Source: Ownwell
$1,148
Average Poulsbo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Poulsbo, Washington
In Poulsbo, 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 Kitsap 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 Poulsbo, 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. Poulsbo's median home price stands at $544,135, with the median tax bill at $4,688 in the 98370 zip code. Being aware of these valuation processes in Poulsbo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poulsbo Assessed Value
$544,135
Average Kitsap County Assessed Value
$467,930
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poulsbo, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98370 | $330,530 | $424,860 | $544,135 | $703,858 | $916,837 |
Source: Ownwell
$1,148
Average Poulsbo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Poulsbo, Washington
In Poulsbo, Kitsap County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $544,135, homeowners in Poulsbo can expect a tax bill that varies significantly. The 25th percentile tax bill is around $3,598, while the 75th percentile reaches $6,087, and the 90th percentile can go up to $7,899. These variations depend on factors such as property size, location, and improvements. High property taxes can be a significant burden for homeowners, but that's where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed fairly. This can lead to substantial savings, reducing the financial pressure on homeowners and ensuring they are not overpaying on their property taxes.
Average Poulsbo Tax Bill
$4,688
Average Kitsap County Tax Bill
$3,994
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Poulsbo, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98370 | $2,312 | $3,598 | $4,688 | $6,087 | $7,899 |
Source: Ownwell
$1,148
Average Poulsbo Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 23 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Kitsap Tax Assessor | |
| Website | psearch.kitsapgov.com |
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