Marblemount, Washington Property Taxes
The median property tax rate in Marblemount, WA is 0.77%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $126,700 in Marblemount, the typical annual property tax bill amounts to $885, significantly below the national median of $2,690. Property taxes in Marblemount are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Marblemount'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 Marblemount 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
Marblemount, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$976
$905
$1,148
Average Tax Savings
Ownwell’s Marblemount Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marblemount with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marblemount 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 Marblemount. 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 Marblemount, Washington
Property taxes in Marblemount, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marblemount is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Marblemount set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marblemount 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 Marblemount's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98267 has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Marblemount 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 Marblemount Tax Rate
0.77%
Average Skagit County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marblemount, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98267 | 0.71% | 0.73% | 0.77% | 0.87% | 1.01% |
Source: Ownwell
$1,148
Average Marblemount Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Marblemount, Washington
In Marblemount, 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's Office 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 Marblemount, 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 Marblemount helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $885, found in the 98267 zip code.
Property Tax Assessment Values Across Marblemount, Washington
Source: Ownwell
$126,700
$504,100
$881,500
Average Marblemount Assessed Value
$126,700
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 Marblemount, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98267 | $22,160 | $44,900 | $126,700 | $293,500 | $463,040 |
Source: Ownwell
$1,148
Average Marblemount Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Marblemount, Washington
In Marblemount, located in Skagit County, WA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in Marblemount is $126,700, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. Homeowners in Marblemount may see tax bills ranging from $368 at the 25th percentile to $3,319 at the 90th percentile, with the median tax bill being $885. High property taxes can be a significant burden for homeowners. Ownwell offers property tax appeal and exemption services to help reduce these costs. By analyzing your property’s assessed value and comparing it with market trends, Ownwell identifies opportunities for tax reductions. Their expertise ensures that homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.
Average Marblemount Tax Bill
$885
Average Skagit County Tax Bill
$4,058
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Marblemount, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98267 | $172 | $368 | $885 | $2,054 | $3,319 |
Source: Ownwell
$1,148
Average Marblemount 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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