Sultan, Washington Property Taxes
The median property tax rate in Sultan, WA is 0.78%, 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 Sultan at $461,100, the typical annual property tax bill is $3,587, surpassing the national median of $2,690. Property taxes in Sultan are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sultan'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 Sultan 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
Sultan, 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 Sultan, Washington Tax Savings
Ownwell’s Sultan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sultan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sultan 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 Sultan. 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 Sultan, Washington
Property taxes in Sultan, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sultan is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Sultan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sultan 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 Sultan's effective property tax rate to other areas and the national median. For comparison, the highest and lowest median property tax rates in Sultan are both 0.78%, as represented by the zip code 98294. Understanding how these rates compare with Sultan 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 Sultan Tax Rate
0.78%
Average Snohomish County Tax Rate
0.79%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sultan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98294 | 0.78% | 0.78% | 0.78% | 0.79% | 0.80% |
Source: Ownwell
$1,148
Average Sultan Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sultan, Washington
In Sultan, 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 Appraisal District 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 Sultan, 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. With a median home price of $461,100, Sultan's property tax bills vary significantly. For instance, the 25th percentile tax bill is $2,724, while the 75th percentile tax bill is $4,284. The highest median tax bill is $3,587, and interestingly, the lowest median tax bill is also $3,587, both in the 98294 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sultan Assessed Value
$461,100
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 Sultan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98294 | $103,750 | $358,900 | $461,100 | $547,725 | $645,400 |
Source: Ownwell
$1,148
Average Sultan Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sultan, Washington
In Sultan, located in Snohomish County, WA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and reflects the market value of your property. The tax rate is then applied to this assessed value to calculate your annual tax bill. For example, with a median home price of $461,100, homeowners can expect tax bills ranging from $2,724 at the 25th percentile to $4,284 at the 75th percentile, and up to $5,015 at the 90th percentile. Factors such as property improvements, neighborhood trends, and local levies can influence the assessed value and, consequently, your tax bill. This can place a significant financial burden on homeowners, especially when property values rise rapidly. Ownwell can help homeowners in Sultan lower their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell can identify discrepancies and file appeals on your behalf, potentially saving you hundreds or even thousands of dollars annually.
Average Sultan Tax Bill
$3,587
Average Snohomish County Tax Bill
$5,180
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sultan, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98294 | $647 | $2,724 | $3,587 | $4,284 | $5,015 |
Source: Ownwell
$1,148
Average Sultan 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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