Mukilteo, Washington Property Taxes
The median property tax rate in Mukilteo, WA is 0.72%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Mukilteo at $824,100, the typical annual property tax bill reaches $5,827, significantly exceeding the national median of $2,690. Property taxes in Mukilteo are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mukilteo'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 Mukilteo 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
Mukilteo, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$5,934
$5,797
$1,148
Average Mukilteo, Washington Tax Savings
Ownwell’s Mukilteo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mukilteo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mukilteo 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 Mukilteo. 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 Mukilteo, Washington
Property taxes in Mukilteo, Washington, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mukilteo is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Mukilteo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mukilteo 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 Mukilteo's effective property tax rate to other areas and the national median. For comparison, the zip code 98275 has both the highest and lowest median property tax rate of 0.72%. Understanding how Mukilteo's tax rates compare with these figures 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 Mukilteo Tax Rate
0.72%
Average Snohomish County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mukilteo, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98275 | 0.70% | 0.70% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
$1,148
Average Mukilteo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mukilteo, Washington
In Mukilteo, 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 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 Mukilteo, 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 Mukilteo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mukilteo are both $5,827, found in the 98275 zip code.
Average Mukilteo Assessed Value
$824,100
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 Mukilteo, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98275 | $310,000 | $625,425 | $824,100 | $1,019,675 | $1,289,380 |
Source: Ownwell
$1,148
Average Mukilteo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mukilteo, Washington
Property tax bills in Mukilteo, located in Snohomish County, WA, are calculated based on the assessed value of your property, which is determined by local tax assessors. Factors such as the property's market value, improvements, and location play significant roles in determining this assessed value. For instance, with a median home price of $824,100, property owners can expect varying tax bills. The 25th percentile tax bill is approximately $4,233, while the 75th percentile reaches around $7,209, and the 90th percentile can be as high as $9,124. These figures highlight the considerable range in property tax bills, influenced by the individual characteristics of each property. Homeowners in Mukilteo often find these taxes burdensome, especially when compared to the national median property tax rate of 0.99%. Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging expertise and local market knowledge, Ownwell helps homeowners identify potential reductions in their assessed values, ultimately lowering their property tax bills and providing significant savings.
Average Mukilteo Tax Bill
$5,827
Average Snohomish County Tax Bill
$5,180
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Mukilteo, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98275 | $1,830 | $4,233 | $5,827 | $7,209 | $9,124 |
Source: Ownwell
$1,148
Average Mukilteo 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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