Home
/US Property Taxes
/Washington
/Snohomish County
/Lynnwood

Lynnwood, Snohomish County, Washington Property Taxes

  • Median Lynnwood, WA effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Lynnwood, WA home value: $727,500

  • Median annual Lynnwood, WA tax bill: $5,600, $3,200 higher than the national median property tax bill of $2,400.

How are property taxes in Snohomish County calculated?

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

Last Updated March 1, 2025

Lynnwood, Snohomish County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$5,747

$5,333

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lynnwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lynnwood with just two data points. By entering your property's estimated assessed value, our calculator applies Lynnwood’s 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 Lynnwood, Snohomish County, Washington

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

In Lynnwood, located in Snohomish County, the effective property tax rate is 0.79%. This rate is slightly below the national median property tax rate of 1.02%, offering a more affordable option for homeowners compared to many other regions. Within the city, the highest median tax rate is found in the zip code 98087 at 0.81%, while the lowest is in 98037 at 0.75%. These rates demonstrate the variation even within a single city, influenced by differing budgets and property values.

Comparing Lynnwood’s property tax rate to the national median highlights its relative affordability, making it an attractive location for potential homeowners looking to manage their property tax expenses effectively.

Property Tax Rates Across Lynnwood, Snohomish County, Washington

Source: Ownwell

Loading...

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 Lynnwood Tax Rate

0.79%

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 Lynnwood, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
980360.74%0.75%0.79%0.79%0.80%
980370.75%0.75%0.75%0.79%0.80%
980870.79%0.80%0.81%0.81%0.82%

Source: Ownwell

Property Tax Assessment Values Across Lynnwood, Snohomish County, Washington

When examining property taxes in Lynnwood, 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 Assessor's Office 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 March. 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 Lynnwood. For example, the median home price in Lynnwood is $727,500, with tax bills ranging significantly across the county. Zip code 98036 has the highest median home price at $749,600.

Property Tax Assessment Values Across Lynnwood, Snohomish County, Washington

Source: Ownwell

Loading...

$304,950

$1,172,625

$2,040,300

Median Lynnwood Market Value

$727,500

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 Lynnwood, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98036$328,500$629,900$749,600$918,900$1,033,700
98037$319,000$629,050$745,050$871,100$1,003,800
98087$336,000$548,400$698,100$806,775$942,200

Source: Ownwell

Property Tax Bills Across Lynnwood, Snohomish County, Washington

In Lynnwood, Snohomish County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Lynnwood can expect a median property tax bill significantly higher than the national median of $2,400, with amounts ranging from $4,487 at the 25th percentile to $7,842 at the 90th percentile. Factors such as the home's location, size, and market conditions influence the assessed value. Homeowners may find these tax bills burdensome, particularly when compared to the national median property tax rate of 1.02%. Ownwell can assist homeowners in Lynnwood by providing property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. This service can lead to significant savings, easing the financial impact of high property taxes.

Property Tax Bills Across Lynnwood, Snohomish County, Washington

Source: Ownwell

Loading...

$1,784

$7,575

$13,365

Median Lynnwood Tax Bill

$5,600

Median Snohomish County Tax Bill

$5,180

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Lynnwood, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98036$1,804$4,625$5,719$7,181$8,074
98037$1,682$4,496$5,542$6,576$7,689
98087$2,514$4,259$5,572$6,430$7,508

Source: Ownwell

Don't miss the deadline to appeal!