Sedro Woolley, Washington Property Taxes
The median property tax rate in Sedro Woolley, 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 the median home value in Sedro Woolley at $383,736, the typical annual property tax bill amounts to $2,563, falling below the national median of $2,690. Property taxes in Sedro Woolley 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 Sedro Woolley'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 Sedro Woolley or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sedro Woolley, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$2,648
$2,457
$1,148
Average Tax Savings
Ownwell’s Sedro Woolley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedro Woolley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedro Woolley 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 Sedro Woolley. 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 Sedro Woolley, Washington
Property taxes in Sedro Woolley, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedro Woolley is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Sedro Woolley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedro Woolley 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 Sedro Woolley's effective property tax rate to other areas in Washington and the national median. For comparison, the 98284 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Sedro Woolley 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 Sedro Woolley 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 Sedro Woolley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98284 | 0.47% | 0.60% | 0.69% | 0.69% | 0.78% |
Source: Ownwell
$1,148
Average Sedro Woolley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sedro Woolley, Washington
In Sedro Woolley, 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 local 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 Sedro Woolley, 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 zip code with the highest median tax bill is 98284, with a median bill of $2,563. 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 Sedro Woolley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sedro Woolley, Washington
Source: Ownwell
$20,896
$348,565
$676,233
Average Sedro Woolley Assessed Value
$383,736
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 Sedro Woolley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98284 | $20,280 | $44,024 | $383,736 | $521,478 | $693,653 |
Source: Ownwell
$1,148
Average Sedro Woolley Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sedro Woolley, Washington
In Sedro Woolley, 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 property tax rate. With a median home price of $383,736, homeowners here can expect varying tax bills. For instance, the tax bill at the 25th percentile is $270, while at the 75th percentile, it rises to $3,608. The 90th percentile tax bill even reaches $4,835. This variability significantly impacts homeowners, making it crucial to ensure their property is fairly assessed. Ownwell can help homeowners in Sedro Woolley save on their property tax bills by offering expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to market values, Ownwell can identify discrepancies and file appeals on behalf of homeowners. This can result in significant savings, ensuring that homeowners are not overpaying on their property taxes.
Average Sedro Woolley Tax Bill
$2,563
Average Whatcom County Tax Bill
$3,632
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedro Woolley, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98284 | $98 | $270 | $2,563 | $3,608 | $4,835 |
Source: Ownwell
$1,148
Average Sedro Woolley 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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