Henry Island, Washington Property Taxes
The median property tax rate in Henry Island, WA is 0.57%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Henry Island at $343,460, the typical annual property tax bill amounts to $1,947, which is well below the national median of $2,690. Property taxes in Henry Island are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Henry Island's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Henry Island 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
Henry Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,958
$1,817
$1,148
Average Tax Savings
Ownwell’s Henry Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henry Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henry 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 Henry 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 Henry Island, Washington
Property taxes in Henry Island, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henry Island is 0.57%, which is lower than both the Washington state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Henry Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henry 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 Henry Island's effective property tax rate to other counties in Washington and the national median. For comparison, the 98052 zip code has the highest median property tax rate of 1.15%, while the 98801 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Henry 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 Henry Island Tax Rate
0.57%
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 Henry Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Henry Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Henry Island, Washington
In Henry 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 Henry 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. 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 Henry Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Henry Island, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Henry Island Assessed Value
$343,460
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 Henry Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Henry Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Henry Island, Washington
In Henry Island, located in San Juan County, WA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in this region stands at $343,460. Property taxes are determined by multiplying the assessed value by the local tax rate, which means a higher home value results in a higher tax bill. For Henry Island, the property tax bill for the 25th, 75th, and 90th percentiles is consistently $1,947, reflecting a stable tax rate across different property values. Several factors influence your property tax bill, including changes in property values, local government budgets, and voter-approved measures. These taxes can significantly impact homeowners, especially if property values increase rapidly. Ownwell can help homeowners in Henry Island save on their property tax bills by providing expert property tax appeal and exemption services. By reviewing your property's assessed value and ensuring it aligns with current market conditions, Ownwell can identify potential savings and assist in filing appeals to reduce your tax burden.
Average Henry Island Tax Bill
$1,947
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 Henry Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Henry Island 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 |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.