Blakely Island, Washington Property Taxes
The median property tax rate in Blakely Island, WA is 0.45%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $709,250 in Blakely Island, the typical annual property tax bill amounts to $3,199, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence exemption. Understanding Blakely Island'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 Blakely Island or another part of San Juan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blakely Island, 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 Blakely Island, Washington Tax Savings
Ownwell’s Blakely Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blakely Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blakely Island 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 Blakely Island. 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 Blakely Island, Washington
Property taxes in Blakely Island, Washington, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Blakely Island is 0.45%, which is lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Blakely Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blakely Island 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 Blakely Island's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98222 has both the highest and lowest median property tax rate of 0.45%. Understanding how these areas compare with Blakely Island provides valuable insights into the varying tax landscape across San Juan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blakely Island Tax Rate
0.45%
Average San Juan County Tax Rate
0.62%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blakely Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98222 | 0.45% | 0.45% | 0.45% | 0.46% | 0.47% |
Source: Ownwell
$1,148
Average Blakely Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Blakely Island, Washington
In Blakely Island, 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 San Juan 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 Blakely Island, 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. The median home price in Blakely Island is $709,250, with tax bills ranging from $2,311 at the 25th percentile to $6,227 at the 90th percentile. Interestingly, the zip code 98222 has both the highest and lowest median tax bill at $3,199. 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 Blakely Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Blakely Island, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Blakely Island Assessed Value
$709,250
Average San Juan County Assessed Value
$691,520
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blakely Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98222 | $406,654 | $504,330 | $709,250 | $968,330 | $1,402,090 |
Source: Ownwell
$1,148
Average Blakely Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Blakely Island, Washington
In Blakely Island, San Juan County, WA, property tax bills are calculated based on the assessed value of your home. The median home price here is $709,250, and the property tax rate is determined by local tax authorities. Factors such as property size, location, and improvements influence the assessed value, which is then multiplied by the local tax rate to determine your tax bill. Homeowners in Blakely Island experience varying tax bills, with the 25th percentile at $2,311 and the 75th percentile at $4,296. The highest median tax bill in the area is $3,199. Despite these figures, many homeowners may be overpaying on their property taxes. Ownwell offers expert property tax appeal and exemption services to help you potentially lower your tax bill. By analyzing your property's assessed value and comparing it with market data, Ownwell can identify discrepancies and appeal on your behalf, ensuring you pay only what is fair. Save on your property taxes with Ownwell's specialized assistance and keep more money in your pocket.
Average Blakely Island Tax Bill
$3,199
Average San Juan County Tax Bill
$4,068
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Blakely Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98222 | $1,816 | $2,311 | $3,199 | $4,296 | $6,227 |
Source: Ownwell
$1,148
Average Blakely Island Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | November 26 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| San Juan Tax Assessor | |
| Website | parcel.sanjuanco.com |
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