Clearlake, Washington Property Taxes
The median property tax rate in Clearlake, WA is 0.89%, slightly below the national median of 0.99% but just above the Washington state median of 0.88%. With a median home value of $333,400 in Clearlake, the typical annual property tax bill is $2,774, which is still lower than the national median of $2,690. Property taxes in Clearlake are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Clearlake'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 Clearlake 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
Clearlake, Washington Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Clearlake, Washington Tax Savings
Ownwell’s Clearlake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearlake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearlake 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 Clearlake. 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 Clearlake, Washington
Property taxes in Clearlake, Washington, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearlake is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Clearlake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearlake 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 Clearlake's effective property tax rate to other counties in Washington and the national median. For comparison, the 98235 zip code has the highest median property tax rate of 0.89%, while the 98235 zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Clearlake 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 Clearlake Tax Rate
0.89%
Average Skagit County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearlake, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98235 | 0.87% | 0.88% | 0.89% | 0.90% | 1.13% |
Source: Ownwell
$1,148
Average Clearlake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Clearlake, Washington
In Clearlake, 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 Appraisal District 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 Clearlake, 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 Clearlake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 98235, with a tax bill of $2,774, while the zip code with the lowest median tax bill is also 98235, with the same tax bill of $2,774.
Average Clearlake Assessed Value
$333,400
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 Clearlake, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98235 | $55,880 | $273,000 | $333,400 | $467,200 | $586,680 |
Source: Ownwell
$1,148
Average Clearlake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Clearlake, Washington
In Clearlake, Skagit County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $333,400, homeowners can expect to pay varying amounts depending on their property's assessed value. The 25th percentile tax bill is around $2,362, while the 75th percentile reaches $3,804, and the 90th percentile can go up to $4,984. Several factors influence the assessed value, including property size, location, and market conditions. These tax bills can significantly impact homeowners, especially those with higher assessed values. Ownwell can help homeowners in Clearlake reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.
Average Clearlake Tax Bill
$2,774
Average Skagit County Tax Bill
$4,058
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearlake, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98235 | $596 | $2,362 | $2,774 | $3,804 | $4,984 |
Source: Ownwell
$1,148
Average Clearlake Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | November 12 |
| 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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