Seven Bays, Lincoln County, Washington Property Taxes

Name: Property Tax Bills Across Seven Bays, Lincoln County, Washington
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Seven Bays, WA effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%. Median Seven Bays, WA home value: $110,025. Median annual Seven Bays, WA tax bill: $812, $1,588 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

Property taxes in Seven Bays, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Seven Bays’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Seven Bays, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Seven Bays, Lincoln County, Washington Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$880

$817

Ownwell’s Seven Bays Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Seven Bays with just two data points.

By entering your property's estimated assessed value, our calculator applies Seven Bays’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lincoln County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Seven Bays, Lincoln County, Washington

Local government entities in Washington, like elsewhere, set property tax rates that can vary significantly across the state. This variation arises because each county, including Lincoln County, calculates its required budget for services annually and divides this by the total value of all taxable property within its jurisdiction. This process determines the property tax rate for areas such as Seven Bays in Lincoln County, WA. Although votes and laws play a role in setting these rates and budgets, this calculation is the essence of the annual process.

Seven Bays' effective property tax rate stands at 0.80%, which aligns with both the highest and lowest median tax rates within the state. When compared to the national median property tax rate of 1.02%, Seven Bays offers a more favorable rate. This can translate into lower property tax bills for residents when compared to the national median property tax bill of $2,400. Understanding these rates can help property owners in Seven Bays make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Seven Bays, Lincoln County, Washington

Source: Ownwell

0.78%

1.06%

1.34%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Seven Bays Tax Rate

0.80%

Median Effective Lincoln County Tax Rate

1.10%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Seven Bays, Lincoln County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
99122	0.79%	0.79%	0.80%	0.85%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Seven Bays, Lincoln County, Washington

When examining property taxes in Seven Bays, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lincoln County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lincoln County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Seven Bays. For example, the median home price in Seven Bays is $110,025, with tax bills ranging significantly across the county. Zip code 99122 has the highest median home price at $110,025.

Property Tax Assessment Values Across Seven Bays, Lincoln County, Washington

Source: Ownwell

$59,720

$130,885

$202,050

Median Seven Bays Market Value

$110,025

Median Lincoln County Market Value

$68,575

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Seven Bays, Lincoln County, Washington

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
99122	$20,000	$50,000	$110,025	$189,228	$269,459

Source: Ownwell

Property Tax Bills Across Seven Bays, Lincoln County, Washington

In Seven Bays, located in Lincoln County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Seven Bays, the median property tax bill is $812, which is significantly lower than the national median of $2,400. Factors such as the home's market value, location, and any applicable exemptions can influence the final tax bill. Homeowners in Seven Bays face tax bills ranging from the 25th percentile at $375 to the 90th percentile at $2,110, reflecting the variability in property values and tax rates within the region. Ownwell assists homeowners by identifying potential savings on their property tax bills. Through professional analysis and appeals, Ownwell ensures that homeowners are not overpaying and are taking full advantage of available exemptions, potentially reducing their annual tax burden and increasing their savings.

Property Tax Bills Across Seven Bays, Lincoln County, Washington

Source: Ownwell

$463

$1,156

$1,849

Median Seven Bays Tax Bill

$812

Median Lincoln County Tax Bill

$618

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Seven Bays, Lincoln County, Washington

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
99122	$198	$375	$812	$1,381	$2,110

Source: Ownwell