Trump Island, Washington Property Taxes
The median property tax rate in Trump Island, WA is 0.34%, significantly lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $5,236,050 in Trump Island, the typical annual property tax bill amounts to $17,666, which is well above the national median of $2,690. Property taxes in Trump Island are based on the assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Trump 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 Trump 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
Trump Island, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$17,803
$17,392
$1,148
Average Trump Island, Washington Tax Savings
Ownwell’s Trump Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trump Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trump 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 Trump 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 Trump Island, Washington
Property taxes in Trump 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 Trump Island is 0.34%, significantly lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Trump Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trump 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 Trump Island's effective property tax rate to other counties in Washington and the national median. For comparison, the highest median property tax rate in the state is found in another county, standing at a significantly higher percentage, while the lowest median tax rate is also in a different county, offering a stark contrast. Understanding how these cities compare with Trump 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 Trump Island Tax Rate
0.34%
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 Trump Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Trump Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Trump Island, Washington
In Trump 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 Trump 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 Trump Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Trump Island is $5,236,050, with tax bills generally around $17,666 across different percentiles.
Property Tax Assessment Values Across Trump Island, Washington
Source: Ownwell
$390,160
$754,090
$1,118,020
Average Trump Island Assessed Value
$5,236,050
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 Trump Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Trump Island Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Trump Island, Washington
Property tax bills in Trump Island, San Juan County, WA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of a home. Trump Island's median home price stands at $5,236,050, significantly higher than the national median. This high property value contributes to substantial tax bills, with amounts reaching $17,666 at the 25th, 75th, and 90th percentiles. Homeowners in Trump Island face considerable financial burdens due to these high property taxes. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value and, consequently, the tax bill. Ownwell can help homeowners in Trump Island save on their property tax bills by providing professional property tax appeal and exemption services. By leveraging their expertise, Ownwell can identify discrepancies in assessed values and file appeals on behalf of homeowners, potentially reducing their tax liabilities and offering significant savings.
Average Trump Island Tax Bill
$17,666
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 Trump Island, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Trump 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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