Sedro Woolley, Washington Property Taxes
The median property tax rate in Sedro Woolley, WA is 0.88%, aligning with the state median but still below the national median of 0.99%. Given the median home value of $413,500 in Sedro Woolley, the typical annual property tax bill amounts to $3,516, which surpasses the national median of $2,690. Property taxes in Sedro Woolley are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Sedro Woolley'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 Sedro Woolley 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
Sedro Woolley, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$3,639
$3,377
$1,148
Average Tax Savings
Ownwell’s Sedro-Woolley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedro-Woolley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedro-Woolley 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 Sedro-Woolley. 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 Sedro Woolley, Washington
Property taxes in Sedro Woolley, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedro Woolley is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Sedro Woolley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedro Woolley 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 Sedro Woolley's effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98284 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Sedro Woolley 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 Sedro Woolley Tax Rate
0.88%
Average Skagit County Tax Rate
0.86%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedro Woolley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98284 | 0.79% | 0.82% | 0.88% | 0.92% | 0.97% |
Source: Ownwell
$1,148
Average Sedro Woolley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sedro Woolley, Washington
In Sedro Woolley, 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. Assessment notices in Sedro Woolley 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 Sedro Woolley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 98284 zip code, the median tax bill stands at $3,516, which is both the highest and lowest in the area.
Property Tax Assessment Values Across Sedro Woolley, Washington
Source: Ownwell
$126,700
$504,100
$881,500
Average Sedro Woolley Assessed Value
$413,500
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 Sedro Woolley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98284 | $153,760 | $316,100 | $413,500 | $528,900 | $688,800 |
Source: Ownwell
$1,148
Average Sedro Woolley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sedro Woolley, Washington
In Sedro Woolley, 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 final tax bill. For instance, with a median home price of $413,500, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. In Sedro Woolley, tax bills range from the 25th percentile at $2,564 to the 90th percentile at $6,208, with the highest median tax bill recorded at $3,516 in the 98284 zip code. These tax bills can significantly impact homeowners' finances, making it essential to ensure that the assessed value is accurate. Ownwell offers professional property tax appeal services to help homeowners potentially lower their tax bills. By reviewing your property's assessed value and identifying discrepancies, Ownwell can assist in filing appeals to ensure you are not overpaying on your property taxes, ultimately saving you money and reducing financial stress.
Average Sedro Woolley Tax Bill
$3,516
Average Skagit County Tax Bill
$4,058
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedro Woolley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98284 | $681 | $2,564 | $3,516 | $4,610 | $6,208 |
Source: Ownwell
$1,148
Average Sedro Woolley 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 |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.