Gold Bar, Washington Property Taxes
The median property tax rate in Gold Bar, WA is 0.76%, 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 $404,350 in Gold Bar, the typical annual property tax bill is $3,037, surpassing the national median of $2,690. Property taxes in Gold Bar are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence exemption. Understanding Gold Bar'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 Gold Bar or another part of Snohomish County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gold Bar, 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 Gold Bar, Washington Tax Savings
Ownwell’s Gold Bar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gold Bar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gold Bar 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 Gold Bar. 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 Gold Bar, Washington
Property taxes in Gold Bar, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gold Bar is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Gold Bar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gold Bar 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 Gold Bar's effective property tax rate to other counties in Washington and the national median. For comparison, the 98251 zip code has the highest median property tax rate of 0.76%, while the 98251 zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Gold Bar provides valuable insights into the varying tax landscape across Snohomish County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gold Bar Tax Rate
0.76%
Average Snohomish County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gold Bar, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | 0.65% | 0.76% | 0.76% | 0.80% | 0.83% |
Source: Ownwell
$1,148
Average Gold Bar Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Gold Bar, Washington
In Gold Bar, 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 Snohomish 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 Gold Bar, 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 Gold Bar 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 $3,037, found in the zip code 98251.
Average Gold Bar Assessed Value
$404,350
Average Snohomish County Assessed Value
$668,100
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gold Bar, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | $23,360 | $276,225 | $404,350 | $481,475 | $570,330 |
Source: Ownwell
$1,148
Average Gold Bar Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Gold Bar, Washington
Property tax bills in Gold Bar, Snohomish County, WA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value. Homeowners in Gold Bar can expect a median tax bill of $3,037, with amounts ranging from $1,760 at the 25th percentile to $4,378 at the 90th percentile. The national median property tax rate is 0.99%, making Gold Bar's tax bills relatively comparable. Several factors influence the tax bill, including property size, location, and improvements. High property taxes can be a financial burden for homeowners, but appealing the assessed value can lead to significant savings. Ownwell specializes in property tax appeals and exemptions, helping homeowners reduce their tax burden. By leveraging expert knowledge and local data, Ownwell ensures that properties are fairly assessed, potentially saving homeowners hundreds or even thousands of dollars annually.
Average Gold Bar Tax Bill
$3,037
Average Snohomish County Tax Bill
$5,180
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Gold Bar, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | $185 | $1,760 | $3,037 | $3,690 | $4,378 |
Source: Ownwell
$1,148
Average Gold Bar Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 20 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Snohomish Tax Assessor | |
| Phone | (425) 388-3433 |
| Website | www.snoco.org |
| Contact.Assessor@snoco.org | |
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