Lynden, Washington Property Taxes
The median property tax rate in Lynden, WA is 0.69%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $545,194 in Lynden, the typical annual property tax bill amounts to $3,695, surpassing the national median of $2,690. Property taxes in Lynden are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lynden'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 Lynden 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
Lynden, 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 Lynden, Washington Tax Savings
Ownwell’s Lynden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lynden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lynden 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 Lynden. 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 Lynden, Washington
Property taxes in Lynden, WA, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Lynden is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Lynden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lynden 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. For comparison, the zip code 98264 in Lynden has both the highest and lowest median property tax rate of 0.69%. Understanding how these rates compare within Lynden provides valuable insights into the varying tax landscape across Whatcom County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lynden Tax Rate
0.69%
Average Whatcom County Tax Rate
0.73%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lynden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98264 | 0.46% | 0.64% | 0.69% | 0.77% | 0.81% |
Source: Ownwell
$1,148
Average Lynden Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lynden, Washington
In Lynden, 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 Whatcom 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 Lynden, 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. The median home price in the area is $545,194, with tax bills ranging from $2,693 at the 25th percentile to $6,427 at the 90th percentile. 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 Lynden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lynden Assessed Value
$545,194
Average Whatcom County Assessed Value
$517,614
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lynden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98264 | $276,473 | $431,160 | $545,194 | $677,398 | $860,136 |
Source: Ownwell
$1,148
Average Lynden Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lynden, Washington
In Lynden, Whatcom County, WA, property tax bills are calculated based on the assessed value of your home. The median home price in Lynden is $545,194, and the tax rate is applied to this value to determine your bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Lynden pay a median tax bill of $3,695, which is higher than the national median property tax rate of 0.99%. With tax bills ranging from $2,693 at the 25th percentile to $6,427 at the 90th percentile, the financial impact on homeowners can be significant. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners challenge inflated assessments and secure potential savings. Our team of skilled consultants ensures that your property is fairly assessed, potentially lowering your tax bill and easing the financial burden on your household.
Average Lynden Tax Bill
$3,695
Average Whatcom County Tax Bill
$3,632
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Lynden, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98264 | $1,137 | $2,693 | $3,695 | $4,917 | $6,427 |
Source: Ownwell
$1,148
Average Lynden Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | November 25 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Whatcom Tax Assessor | |
| Website | property.whatcomcounty.us |
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