Woodway, Snohomish County, Washington Property Taxes
Median Woodway, WA effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Woodway, WA home value: $2,040,300
Median annual Woodway, WA tax bill: $13,365, $10,965 higher than the national median property tax bill of $2,400.
How are property taxes in Snohomish calculated?
Property taxes in Woodway, 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 Woodway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodway, Snohomish County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$13,466
$12,496
$1,102
Average Tax Savings
Ownwell’s Woodway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woodway with just two data points.
By entering your property's estimated assessed value, our calculator applies Woodway’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 Woodway, Snohomish County, Washington
Local government entities set tax rates, and these can vary significantly within a state. Each county annually estimates its required budget 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 votes and laws are involved in setting tax rates and budgets, this is the basic annual process.
In Woodway, located in Snohomish County, Washington, the effective property tax rate is 0.66%. This rate is considerably lower than the national median property tax rate of 1.02%. The lower rate in Woodway can be attributed to the county's specific budgetary needs and the total value of taxable properties within its jurisdiction. When comparing Woodway’s property tax rate to other cities in Washington and the national average, residents can appreciate the relative affordability. This makes Woodway an attractive option for those looking to manage their property tax expenses efficiently while enjoying the services provided by the local government.
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 Woodway Tax Rate
0.66%
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 Woodway, Snohomish County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98020 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
$1,102
Average Woodway Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Woodway, Snohomish County, Washington
When examining property taxes in Woodway, Washington, 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 Woodway. For example, the median home price in Woodway is $2,040,300, with tax bills ranging significantly across the county. Zip code 98020 has the highest median home price at $2,040,300.
Property Tax Assessment Values Across Woodway, Snohomish County, Washington
Source: Ownwell
$304,950
$1,172,625
$2,040,300
Median Woodway Market Value
$2,040,300
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 Woodway, Snohomish County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98020 | $1,312,840 | $1,617,950 | $2,040,300 | $2,618,500 | $3,935,940 |
Source: Ownwell
$1,102
Average Woodway Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Woodway, Snohomish County, Washington
In Woodway, located in Snohomish County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. With a median home price of $2,040,300, homeowners in Woodway face property tax bills that can significantly impact their finances. The 25th percentile tax bill is $10,597, while the 75th percentile reaches $17,167, and the 90th percentile soars to $26,045. These figures highlight that Woodway's property tax bills are considerably higher than the national median property tax bill of $2,400. This can be attributed to the high property values in the area.
Homeowners can benefit from Ownwell's expertise to potentially reduce these burdensome tax bills. Ownwell assists by identifying discrepancies in assessed values and applying for exemptions, ensuring that homeowners pay only their fair share. By leveraging Ownwell's services, homeowners may find relief and savings, making property taxes more manageable.
Median Woodway Tax Bill
$13,365
Median Snohomish County Tax Bill
$5,180
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodway, Snohomish County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98020 | $8,331 | $10,597 | $13,365 | $17,167 | $26,045 |
Source: Ownwell
$1,102
Average Woodway Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 30 |
| 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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