Silverdale, Washington Property Taxes
The median property tax rate in Silverdale, WA is 0.86%, slightly lower than the state median of 0.88% but still higher than the national median of 0.99%. With the median home value in Silverdale at $515,910, the typical annual property tax bill reaches $4,431, significantly exceeding the national median of $2,690. Property taxes in Silverdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Silverdale'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 Silverdale 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
Silverdale, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$4,437
$4,117
$1,148
Average Tax Savings
Ownwell’s Silverdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Silverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Silverdale 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 Silverdale. 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 Silverdale, Washington
Property taxes in Silverdale, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Silverdale is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Silverdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Silverdale 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 Silverdale's effective property tax rate to other counties in Washington and the national median. For comparison, the 98383 zip code has both the highest and lowest median property tax rate of 0.86%. Understanding how these cities compare with Silverdale 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 Silverdale Tax Rate
0.86%
Average Kitsap County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silverdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98383 | 0.77% | 0.83% | 0.86% | 0.90% | 0.93% |
Source: Ownwell
$1,148
Average Silverdale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Silverdale, Washington
In Silverdale, 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's Office 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 Silverdale, 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 example, the median home price in Silverdale stands at $515,910, with tax bills ranging from $3,673 at the 25th percentile to $6,603 at the 90th percentile. The zip code 98383 has the highest and lowest median tax bills at $4,431. 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 Silverdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Silverdale, Washington
Source: Ownwell
$351,110
$707,470
$1,063,830
Average Silverdale Assessed Value
$515,910
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 Silverdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98383 | $362,732 | $439,200 | $515,910 | $620,640 | $779,122 |
Source: Ownwell
$1,148
Average Silverdale Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Silverdale, Washington
In Silverdale, Kitsap County, WA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $515,910 and a tax rate of 0.99%, homeowners can expect varying tax bills based on their property's assessed value. For instance, tax bills in the 25th percentile are around $3,673, while those in the 75th percentile reach up to $5,426, and the 90th percentile can be as high as $6,603. These assessments take into account factors such as property size, location, and market conditions. High property taxes can significantly impact homeowners, making it crucial to ensure accurate assessments. Ownwell offers expert property tax appeal and exemption services to help homeowners in Silverdale potentially reduce their tax bills. By analyzing property data and market trends, Ownwell can identify discrepancies in assessments and assist in filing appeals, ultimately helping homeowners save money.
Average Silverdale Tax Bill
$4,431
Average Kitsap County Tax Bill
$3,994
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Silverdale, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98383 | $2,713 | $3,673 | $4,431 | $5,426 | $6,603 |
Source: Ownwell
$1,148
Average Silverdale 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 | |
|---|---|
| Kitsap Tax Assessor | |
| Website | psearch.kitsapgov.com |
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