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Bow, Skagit County, Washington Property Taxes

  • Median BOW, WA effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median BOW, WA home value: $680,800

  • Median annual BOW, WA tax bill: $5,620, $3,220 higher than the national median property tax bill of $2,400.

How are property taxes in Skagit calculated?

Property taxes in BOW, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding BOW’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in BOW, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bow, Skagit County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$5,719

$5,307

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s BOW Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in BOW with just two data points. By entering your property's estimated assessed value, our calculator applies BOW’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Skagit. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bow, Skagit County, Washington

Local government entities in Washington set property tax rates, which can vary significantly within the state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these tax rates and budgets, this is the simplified process that happens each year.

In BOW, located in Skagit County, the effective property tax rate stands at 0.84%, which aligns with both the highest and lowest rates in the area. This rate is lower than Washington's median property tax rate and below the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2400, BOW's property tax burden is relatively lighter, offering residents a more affordable option. Such economic advantages make BOW an attractive location for property owners seeking lower tax obligations while enjoying the benefits of living in Washington.

Property Tax Rates Across Bow, Skagit County, Washington

Source: Ownwell

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0.70%

0.83%

0.97%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Bow Tax Rate

0.84%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Skagit County Tax Rate

0.86%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bow, Skagit County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
982320.75%0.79%0.84%0.88%0.89%

Source: Ownwell

Property Tax Assessment Values Across Bow, Skagit County, Washington

When examining property taxes in BOW, WA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Skagit County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Skagit County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in BOW.

For example, the median home price in BOW is $680,800, with tax bills ranging significantly across the county. 98232 has the highest median home price at $680,800.

Property Tax Assessment Values Across Bow, Skagit County, Washington

Source: Ownwell

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$126,700

$403,750

$680,800

Median Bow Market Value

$680,800

Median Skagit County Market Value

$473,200

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bow, Skagit County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98232$372,140$492,875$680,800$948,875$1,211,610

Source: Ownwell

Property Tax Bills Across Bow, Skagit County, Washington

In the city of Bow in Skagit County, WA, property tax bills are calculated based on the assessed value of a home. The median home price here is $680,800, which significantly influences the property tax bill. The tax bill is determined by multiplying the assessed value by the local tax rate. In Bow, property tax bills range widely, with the 25th percentile at $3,993 and the 75th percentile reaching $7,705, indicating a substantial variation based on property value and location. The highest and lowest median tax bills both stand at $5,620, highlighting uniformity in certain areas. Compared to the national median property tax bill of $2,400, homeowners in Bow face higher tax burdens. This can impact homeowners financially, making it crucial to ensure that their property is not over-assessed. Ownwell assists homeowners in Bow by offering property tax appeal services, potentially reducing their tax burden. By leveraging expert knowledge and local insights, Ownwell can help homeowners secure fairer assessments and save money.

Property Tax Bills Across Bow, Skagit County, Washington

Source: Ownwell

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$885

$3,253

$5,620

Median Bow Tax Bill

$5,620

Median Skagit County Tax Bill

$4,058

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Bow, Skagit County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98232$2,472$3,993$5,620$7,705$9,978

Source: Ownwell

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