Anacortes, Washington Property Taxes
The median property tax rate in Anacortes, WA is 0.70%, notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Anacortes, the typical annual property tax bill reaches $4,478, significantly surpassing the national median of $2,690. Property taxes in Anacortes 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 Anacortes'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 Anacortes 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
Anacortes, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$4,465
$4,143
$1,148
Average Tax Savings
Ownwell’s Anacortes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anacortes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anacortes 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 Anacortes. 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 Anacortes, Washington
Property taxes in Anacortes, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anacortes is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Anacortes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anacortes 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 Anacortes' effective property tax rate to other areas in Skagit County and the national median. For comparison, the zip code 98821 has the highest median property tax rate of 0.78%, while zip code 98221 has the lowest median tax rate of 0.70%. Understanding how these cities compare with Anacortes provides valuable insights into the varying tax landscape across Skagit County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anacortes Tax Rate
0.70%
Average Skagit County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anacortes, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98221 | 0.65% | 0.67% | 0.70% | 0.74% | 0.79% |
| 98821 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
$1,148
Average Anacortes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Anacortes, Washington
In Anacortes, 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 Skagit 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 Anacortes, 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 highest median tax bill in the area is $6,046 in the 98821 zip code, while the lowest median tax bill is $4,478 in the 98221 zip code. 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 Anacortes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Anacortes Assessed Value
$637,800
Average Skagit County Assessed Value
$473,200
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anacortes, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98221 | $371,260 | $483,800 | $637,800 | $904,800 | $1,256,220 |
| 98821 | $773,800 | $773,800 | $773,800 | $773,800 | $773,800 |
Source: Ownwell
$1,148
Average Anacortes Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Anacortes, Washington
In Anacortes, WA, property tax bills are calculated based on the assessed value of a home, which is determined annually by the Skagit County Assessor's Office. The assessed value is a percentage of the market value, and the local tax rate is then applied to this assessed value to determine the tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. The median home price in Anacortes is $637,800, leading to tax bills that vary widely. For example, tax bills range from $3,305 at the 25th percentile to $8,887 at the 90th percentile, with the highest median tax bill in the area being $6,046 in zip code 98821. Ownwell helps homeowners in Anacortes reduce their property tax bills by offering professional property tax appeal and exemption services. By analyzing property assessments and comparable sales, Ownwell can identify discrepancies and file appeals on behalf of homeowners, potentially leading to significant savings.
Average Anacortes Tax Bill
$4,478
Average Skagit County Tax Bill
$4,058
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Anacortes, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98221 | $2,129 | $3,305 | $4,478 | $6,346 | $8,887 |
| 98821 | $6,046 | $6,046 | $6,046 | $6,046 | $6,046 |
Source: Ownwell
$1,148
Average Anacortes 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 | |
|---|---|
| Skagit Tax Assessor | |
| Website | skagitcounty.net |
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