Snohomish, Washington Property Taxes
The median property tax rate in Snohomish, WA is 0.90%, slightly lower than the national median of 0.99% but higher than the Washington state median of 0.88%. With the median home value in Snohomish at $834,300, the typical annual property tax bill reaches $7,136, significantly exceeding the national median of $2,690. Property taxes in Snohomish are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Snohomish'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 Snohomish 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
Snohomish, 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 Snohomish, Washington Tax Savings
Ownwell’s Snohomish Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snohomish with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snohomish 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 Snohomish. 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 Snohomish, Washington
Property taxes in Snohomish, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snohomish is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Snohomish set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snohomish 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 Snohomish's effective property tax rate to other areas in Washington and the national median. For comparison, the 98290 zip code has the highest median property tax rate of 0.90%, while the 98251 zip code has the lowest median tax rate of 0.59%. Understanding how these areas compare with Snohomish 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 Snohomish Tax Rate
0.90%
Average Snohomish County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snohomish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| 98290 | 0.76% | 0.87% | 0.90% | 0.92% | 0.92% |
| 98296 | 0.75% | 0.75% | 0.89% | 0.90% | 0.92% |
Source: Ownwell
$1,148
Average Snohomish Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Snohomish, Washington
In Snohomish, 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 Snohomish, 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 Snohomish helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $8,166 in the 98296 zip code, while the lowest is $6,267 in the 98290 zip code.
Property Tax Assessment Values Across Snohomish, Washington
Source: Ownwell
$2,900
$1,092,200
$2,181,500
Average Snohomish Assessed Value
$834,300
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 Snohomish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | $2,900 | $2,900 | $2,900 | $2,900 | $2,900 |
| 98290 | $430,000 | $573,300 | $726,800 | $915,500 | $1,105,680 |
| 98296 | $657,150 | $812,850 | $961,100 | $1,129,500 | $1,302,020 |
Source: Ownwell
$1,148
Average Snohomish Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Snohomish, Washington
In Snohomish, 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 then multiplied by the local property tax rate. With a median home price of $834,300, homeowners in Snohomish can expect varying tax bills. For instance, the 25th percentile tax bill is around $5,412, while the 75th percentile tax bill reaches $8,927, and the 90th percentile tax bill can be as high as $10,504. The highest median tax bill in the region is $8,166 in the 98296 zip code, compared to the lowest median tax bill of $6,267 in the 98290 zip code. Homeowners often find these tax bills burdensome. Ownwell can help by identifying potential errors in the assessed value and filing appeals on behalf of homeowners. By leveraging our expertise, we ensure that you are not overpaying on your property taxes, potentially saving you thousands of dollars annually.
Average Snohomish Tax Bill
$7,136
Average Snohomish County Tax Bill
$5,180
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Snohomish, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | $17 | $17 | $17 | $17 | $17 |
| 98290 | $2,912 | $4,873 | $6,267 | $7,950 | $9,772 |
| 98296 | $4,837 | $6,789 | $8,166 | $9,764 | $11,043 |
Source: Ownwell
$1,148
Average Snohomish 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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