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Lummi Island, Whatcom County, Washington Property Taxes

  • Median Lummi Island, WA effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the WA state median of 0.88%.

  • Median Lummi Island, WA home value: $430,416

  • Median annual Lummi Island, WA tax bill: $2,738, $338 higher than the national median property tax bill of $2,400.

How are property taxes in Whatcom County calculated?

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

Last Updated March 1, 2025

Lummi Island, Whatcom County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$3,185

$2,956

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lummi Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lummi Island with just two data points. By entering your property's estimated assessed value, our calculator applies Lummi Island’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 Whatcom County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lummi Island, Whatcom County, Washington

Local government entities play a crucial role in setting property tax rates, which can differ significantly within a state. This is because each county, including Whatcom, calculates its necessary budget for public services annually. This budget is then divided by the total assessed value of all taxable property in the area to determine the property tax rate. Although the process involves votes and regulations, this is essentially how it works every year.

In Lummi Island, the effective property tax rate is a reflection of this process. When compared to other cities in Washington, Lummi Island's rate provides an interesting perspective. With Washington's median property tax rate standing at 0.74%, Lummi Island offers a unique comparison to the national median of 1.02%. This makes it an attractive location for property owners, given the lower tax burden.

Understanding these local variances is key for property owners looking to optimize their tax liabilities. By staying informed on how these rates are set and how they compare, property owners can make more strategic decisions regarding their investments.

Property Tax Rates Across Lummi Island, Whatcom County, Washington

Source: Ownwell

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0.48%

0.68%

0.88%

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 Lummi Island Tax Rate

0.74%

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 Whatcom County Tax Rate

0.73%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lummi Island, Whatcom County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
982620.54%0.57%0.74%0.75%0.77%

Source: Ownwell

Property Tax Assessment Values Across Lummi Island, Whatcom County, Washington

When examining property taxes in Lummi Island, 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 Whatcom 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 Whatcom County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Lummi Island. For example, the median home price in Lummi Island is $430,416, with tax bills ranging significantly across the county. Zip code 98262 has the highest median home price at $430,416.

Property Tax Assessment Values Across Lummi Island, Whatcom County, Washington

Source: Ownwell

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$75,880

$355,009

$634,137

Median Lummi Island Market Value

$430,416

Median Whatcom County Market Value

$517,614

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lummi Island, Whatcom County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98262$36,652$144,437$430,416$792,602$1,118,002

Source: Ownwell

Property Tax Bills Across Lummi Island, Whatcom County, Washington

In Lummi Island, Whatcom County, WA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in this area face a median property tax bill of $2,738, which is slightly above the national median of $2,400. This indicates that property taxes can be a significant financial responsibility for homeowners here. Factors such as changes in market conditions, property improvements, and local government budgets can influence tax bills. With tax bills ranging from $589 at the 25th percentile to $7,572 at the 90th percentile, there is considerable variation, highlighting the importance of ensuring an accurate assessment. Ownwell assists homeowners by providing property tax appeal services, potentially reducing their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners achieve a fairer tax rate, leading to substantial savings over time.

Property Tax Bills Across Lummi Island, Whatcom County, Washington

Source: Ownwell

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$389

$2,548

$4,706

Median Lummi Island Tax Bill

$2,738

Median Whatcom County Tax Bill

$3,632

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Lummi Island, Whatcom County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98262$198$589$2,738$5,347$7,572

Source: Ownwell

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