Eastsound, Washington Property Taxes
The median property tax rate in Eastsound, WA, is 0.60%, significantly lower than both the national median of 0.99% and Washington state's median of 0.88%. With a median home value of $705,165 in Eastsound, the typical annual property tax bill amounts to $4,035, surpassing the national median of $2,690. Property taxes in Eastsound are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Eastsound'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 Eastsound or another part of San Juan County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eastsound, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$4,231
$3,926
$1,148
Average Tax Savings
Ownwell’s Eastsound Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eastsound with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eastsound 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 Eastsound. 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 Eastsound, Washington
Property taxes in Eastsound, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastsound is 0.60%, significantly lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Eastsound set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eastsound 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 Eastsound's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98245 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Eastsound 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 Eastsound Tax Rate
0.60%
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 Eastsound, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98245 | 0.58% | 0.59% | 0.60% | 0.61% | 0.63% |
Source: Ownwell
$1,148
Average Eastsound Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Eastsound, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eastsound, Washington. 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 Eastsound, 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 Eastsound is $705,165, with tax bills ranging from $2,449 at the 25th percentile to $9,669 at the 90th percentile. The highest and lowest median tax bills are both $4,035 in the 98245 zip code. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Eastsound, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Eastsound Assessed Value
$705,165
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 Eastsound, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98245 | $261,206 | $464,450 | $705,165 | $1,031,025 | $1,666,656 |
Source: Ownwell
$1,148
Average Eastsound Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Eastsound, Washington
In Eastsound, San Juan 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 property tax rate. With a median home price of $705,165, homeowners in Eastsound can expect varying tax bills depending on their property's assessed value. For example, the 25th percentile tax bill is around $2,449, while the 75th percentile reaches approximately $5,974, and the 90th percentile can go up to $9,669. The median property tax bill in Eastsound is notably higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, especially those with higher-valued properties. Ownwell helps homeowners by providing property tax appeal and exemption services, ensuring that their properties are assessed fairly. By leveraging our expertise, homeowners can potentially reduce their tax bills and save money. Our services include thorough property assessments and personalized consultation to identify and correct any discrepancies in property valuations.
Average Eastsound Tax Bill
$4,035
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 Eastsound, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98245 | $1,172 | $2,449 | $4,035 | $5,974 | $9,669 |
Source: Ownwell
$1,148
Average Eastsound 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 | |
|---|---|
| San Juan Tax Assessor | |
| Website | parcel.sanjuanco.com |
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