Issaquah, Washington Property Taxes
The median property tax rate in Issaquah, WA is 1.23%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Issaquah, the typical annual property tax bill reaches $427, exceeding the national median of $2,690. Property taxes in Issaquah are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Issaquah'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 Issaquah 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
Issaquah, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$426
$395
Ownwell’s Issaquah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Issaquah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Issaquah to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Issaquah, Washington
Property taxes in Issaquah, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Issaquah is 1.23%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Issaquah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Issaquah 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 Issaquah's effective property tax rate to other counties in Washington and the national median. For comparison, the 98027 zip code has both the highest and lowest median property tax rate of 1.23%. Understanding how these cities compare with Issaquah provides valuable insights into the varying tax landscape across Whitman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Issaquah Tax Rate
1.23%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Issaquah, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98027 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Issaquah, Washington
In Issaquah, 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 Whitman 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 Issaquah, 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. 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 Issaquah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $427.00 in the 98027 zip code.
Average Issaquah Assessed Value
$34,630
Average Whitman County Assessed Value
$117,153
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Issaquah, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98027 | $34,630 | $34,630 | $34,630 | $34,630 | $34,630 |
Source: Ownwell
Property Tax Bills Across Issaquah, Washington
In Issaquah, located in Whitman County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to compute the annual tax bill. The median home price in Issaquah is $34,630, significantly lower than the national median. Consequently, homeowners in Issaquah experience relatively modest property tax bills. For instance, the 25th, 75th, and 90th percentiles all see tax bills of $427, which is consistent across different parts of the city. Local factors such as school district funding needs, municipal services, and infrastructure projects can influence the tax rate, which in turn affects the final tax bill. Homeowners benefit from understanding these factors, as they can impact their annual financial planning. Despite the lower median home price, the consistency in tax bills ensures predictable expenses for property owners, contributing to stable homeownership costs in Issaquah.
Average Issaquah Tax Bill
$427
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Issaquah, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98027 | $427 | $427 | $427 | $427 | $427 |
Source: Ownwell