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Lake Stevens, Snohomish County, Washington Property Taxes

  • Median Lake Stevens, WA effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Lake Stevens, WA home value: $602,100

  • Median annual Lake Stevens, WA tax bill: $5,078, $2,678 higher than the national median property tax bill of $2,400.

How are property taxes in Snohomish calculated?

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

Last Updated March 1, 2025

Lake Stevens, Snohomish County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$5,178

$4,805

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lake Stevens Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Stevens with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Stevens’ 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 Snohomish County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Stevens, Snohomish County, Washington

Local government entities in Washington set tax rates, which can vary widely within the state. Each county, including Snohomish, estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Lake Stevens, located in Snohomish County, has an effective property tax rate of 0.86%. This is lower than the national median property tax rate of 1.02%. Comparatively, the median property tax rate in Washington aligns closely with Lake Stevens, reflecting a consistent approach to property taxation within the state. Despite this consistency, rates can vary significantly across different counties and cities due to differing budgetary needs and property values. Lake Stevens offers a favorable property tax environment when compared to the national average, making it an attractive location for homeowners who are mindful of their property tax obligations.

Property Tax Rates Across Lake Stevens, Snohomish County, Washington

Source: Ownwell

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0.59%

0.75%

0.90%

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 Lake Stevens Tax Rate

0.86%

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 Snohomish County Tax Rate

0.79%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Stevens, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
982580.80%0.84%0.86%0.86%0.88%

Source: Ownwell

Property Tax Assessment Values Across Lake Stevens, Snohomish County, Washington

When examining property taxes in Lake Stevens, 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 Snohomish 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.

In Snohomish County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Lake Stevens. For example, the median home price in Lake Stevens is $602,100, with tax bills ranging significantly across the county. Zip code 98258 has the highest median home price at $602,100.

Property Tax Assessment Values Across Lake Stevens, Snohomish County, Washington

Source: Ownwell

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$304,950

$1,172,625

$2,040,300

Median Lake Stevens Market Value

$602,100

Median Snohomish County Market Value

$668,100

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Stevens, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98258$409,400$522,100$602,100$709,650$875,100

Source: Ownwell

Property Tax Bills Across Lake Stevens, Snohomish County, Washington

In Lake Stevens, located in Snohomish 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 a percentage of the market value and is used to calculate the property tax owed. Factors influencing the tax bill include the local tax rate and any exemptions for which the homeowner may qualify. In Lake Stevens, the median home price is $602,100, and property tax bills can vary significantly, with the 25th percentile at $4,371 and the 75th percentile at $5,942. This range affects homeowners by influencing their annual financial obligations, potentially making it challenging to budget effectively. Ownwell offers valuable assistance by helping homeowners navigate the appeal process to ensure their property is assessed fairly. By leveraging expertise in local property tax laws and market conditions, Ownwell can identify potential savings opportunities, ultimately helping homeowners reduce their property tax bills and achieve more predictable financial planning.

Property Tax Bills Across Lake Stevens, Snohomish County, Washington

Source: Ownwell

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$1,784

$7,575

$13,365

Median Lake Stevens Tax Bill

$5,078

Median Snohomish County Tax Bill

$5,180

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Stevens, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98258$3,033$4,371$5,078$5,942$7,117

Source: Ownwell

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