Maple Falls, Washington Property Taxes
The median property tax rate in Maple Falls, WA is 0.64%, notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Maple Falls at $228,289, the typical annual property tax bill amounts to $1,291, which is well below the national median of $2,690. Property taxes in Maple Falls are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Maple Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Maple Falls or another part of Whatcom County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maple Falls, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,461
$1,356
$1,148
Average Tax Savings
Ownwell’s Maple Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maple Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maple Falls 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 Maple Falls. 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 Maple Falls, Washington
Property taxes in Maple Falls, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maple Falls is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Maple Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maple Falls 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 Maple Falls' effective property tax rate to other counties in Washington and the national median. For comparison, the zip code 98266 has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Maple Falls 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 Maple Falls Tax Rate
0.64%
Average Whatcom County Tax Rate
0.73%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maple Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98266 | 0.41% | 0.48% | 0.64% | 0.65% | 0.67% |
Source: Ownwell
$1,148
Average Maple Falls Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Maple Falls, Washington
In Maple Falls, 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's Office 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 Maple Falls, 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. For instance, the median home price in Maple Falls is $228,289. The property tax bill can vary significantly, with the 25th percentile at $424 and the 75th percentile reaching $2,233. 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 Maple Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maple Falls Assessed Value
$228,289
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 Maple Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98266 | $38,316 | $104,306 | $228,289 | $362,648 | $461,962 |
Source: Ownwell
$1,148
Average Maple Falls Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Maple Falls, Washington
In Maple Falls, Whatcom County, 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 tax rate to determine the annual property tax bill. Factors that influence the assessed value include the property's size, location, and market conditions. For instance, with a median home price of $228,289, homeowners can expect varying tax bills. The 25th percentile tax bill is around $424, while the 75th percentile tax bill reaches up to $2,233. The highest median tax bill in the area is $1,291, which is below the national median property tax rate of 0.99%. Homeowners in Maple Falls can benefit significantly from Ownwell's property tax appeal and exemption services. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell helps homeowners identify potential savings and file appeals to ensure they are not overpaying. This can result in substantial savings and lower annual property tax bills, providing financial relief and peace of mind.
Average Maple Falls Tax Bill
$1,291
Average Whatcom County Tax Bill
$3,632
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Maple Falls, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98266 | $137 | $424 | $1,291 | $2,233 | $3,022 |
Source: Ownwell
$1,148
Average Maple Falls Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Whatcom Tax Assessor | |
| Website | property.spatialest.com |
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