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Monroe, Snohomish County, Washington Property Taxes

  • Median Monroe, WA effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Monroe, WA home value: $631,100

  • Median annual Monroe, WA tax bill: $4,676, $2,276 higher than the national median property tax bill of $2,400.

How are property taxes in Snohomish calculated?

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

Last Updated March 1, 2025

Monroe, Snohomish County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$4,733

$4,392

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Monroe Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monroe with just two data points.

By entering your property's estimated assessed value, our calculator applies Monroe’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 Monroe, Snohomish County, Washington

Local government entities set tax rates, which can vary widely within a state. Each county 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. Monroe in Snohomish County, WA, offers an effective property tax rate of 0.75%, which is notably lower than the national median property tax rate of 1.02%. This makes Monroe an attractive option for property owners looking to reduce their annual tax burden. The median property tax rate in Washington is also competitive, providing a favorable environment for homeowners compared to the national scene. With the highest and lowest median tax rates in Monroe being the same at 0.75%, property owners can expect consistent and predictable tax expenses. This stability is advantageous for budgeting and long-term financial planning, making Monroe a compelling choice for potential homeowners.

Property Tax Rates Across Monroe, 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 Monroe Tax Rate

0.75%

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 Monroe, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
982720.74%0.75%0.75%0.75%0.77%

Source: Ownwell

Property Tax Assessment Values Across Monroe, Snohomish County, Washington

When examining property taxes in Monroe, 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 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 Monroe. For example, the median home price in Monroe is $631,100, with tax bills ranging significantly across the county. Zip code 98272 has the highest median home price at $631,100.

Property Tax Assessment Values Across Monroe, Snohomish County, Washington

Source: Ownwell

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$304,950

$1,172,625

$2,040,300

Median Monroe Market Value

$631,100

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 Monroe, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98272$396,250$531,050$631,100$796,375$947,100

Source: Ownwell

Property Tax Bills Across Monroe, Snohomish County, Washington

In Monroe, located in Snohomish County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $631,100, homeowners in this region face tax bills that can vary significantly. The 25th percentile tax bill stands at $3,881, while those in the 75th percentile pay about $5,908. Homeowners at the 90th percentile see their tax bills rise to $7,073. The highest and lowest median tax bills in Monroe both register at $4,676, aligning closely with the national median property tax bill of $2,400. This discrepancy highlights the importance of understanding local property tax assessments and rates. Factors such as property improvements and changes in local tax policies can influence the final tax bill, impacting homeowners' finances. Ownwell provides expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax burden through strategic appeals, ensuring they only pay their fair share.

Property Tax Bills Across Monroe, Snohomish County, Washington

Source: Ownwell

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$1,784

$7,575

$13,365

Median Monroe Tax Bill

$4,676

Median Snohomish County Tax Bill

$5,180

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98272$2,654$3,881$4,676$5,908$7,073

Source: Ownwell

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