Shaw Island, Washington Property Taxes
The median property tax rate in Shaw Island, WA is 0.40%, considerably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Shaw Island at $867,870, the typical annual property tax bill reaches $3,503, exceeding the national median of $2,690. Property taxes in Shaw Island are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shaw 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 Shaw 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
Shaw Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$3,471
$3,391
$1,148
Average Shaw Island, Washington Tax Savings
Ownwell’s Shaw Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shaw Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shaw 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 Shaw 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 Shaw Island, Washington
Property taxes in Shaw 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 Shaw Island is 0.40%, which is significantly lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Shaw Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shaw 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 Shaw Island's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98286 has both the highest and lowest median property tax rate of 0.40%. Understanding how these areas compare with Shaw 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 Shaw Island Tax Rate
0.40%
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 Shaw Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98286 | 0.39% | 0.40% | 0.40% | 0.41% | 0.42% |
Source: Ownwell
$1,148
Average Shaw Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Shaw Island, Washington
In Shaw 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 Shaw 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 Shaw Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shaw Island is $867,870, with the highest and lowest median tax bill both recorded at $3,503 in the zip code 98286.
Property Tax Assessment Values Across Shaw Island, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Shaw Island Assessed Value
$867,870
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 Shaw Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98286 | $354,762 | $550,240 | $867,870 | $1,492,520 | $2,488,576 |
Source: Ownwell
$1,148
Average Shaw Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Shaw Island, Washington
In Shaw Island, located in San Juan County, WA, property tax bills are calculated based on the assessed value of your home. With a median home price of $867,870, homeowners face varying tax bills. The tax bill at the 25th percentile is $2,091, while at the 75th percentile, it rises to $5,849. The 90th percentile sees tax bills reaching $9,723. These figures reflect the assessed value and the local tax rate, which can significantly impact homeowners' annual expenses. Ownwell assists homeowners by leveraging their expertise in property tax appeals and exemptions. By analyzing your property's assessed value and comparing it to similar properties, Ownwell identifies discrepancies and files appeals on your behalf. This can result in substantial savings, ensuring you only pay your fair share. With the highest and lowest median tax bills both at $3,503 in the 98286 zip code, there's potential for considerable savings. Trust Ownwell to help you navigate the complexities of property taxes and reduce your financial burden.
Average Shaw Island Tax Bill
$3,503
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 Shaw Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98286 | $1,362 | $2,091 | $3,503 | $5,849 | $9,723 |
Source: Ownwell
$1,148
Average Shaw Island Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 12 |
| 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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