Average Tax Assessment in Kitsap County
Real Estate Values and Property Tax Valuation in Kitsap County, Washington
Kitsap County has 93,640 properties with a cumulative value of $42.5B, making up 3.72% of all real estate value in Washington. Property taxes in Kitsap County totaled $403.1M, with an average homeowner paying $4,307 in property taxes compared to the state average of $4,796. The average property tax rate in Kitsap County is 0.95%, lower than the state average of 1.01%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Washington begins on January 1st when the property valuation date is set. Property value notices are issued from May to December and the property tax appeal deadline is July 1st or 30-60 days after the notice is issued. Finally, property tax bills are issued on February 14th.
Updated November 01, 2023
| Important Links | |
|---|---|
| Kitsap Auditor / Recorder | (360) 337-4935 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | May - December |
| Property Tax Appeal Deadline: | July 1st or 30-60 days after notice |
| Property Tax Bills Issued: | February 14th |
| Real Property Tax Bill Due (1st of #): | April 30th |
| Real Property Tax Bill Due (2nd of #): | October 31st |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Not Available |
| Veteran | Available |
| Charitable | Available |
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Real Estate Statistics in Kitsap County
Residential Property Taxes by Cities in Kitsap County
Kitsap County has an average property tax rate of 0.95%, which is slightly lower than the state average of 1.06%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Kitsap County property tax bill is $4,307, which is slightly lower than the state average of $4,541.
Property tax rates vary across the cities in Kitsap County. The city with the highest effective property tax rate is Seabeck, at 1.02%, while the city with the lowest effective property tax rate is Suquamish, at 0.88%. This means that property owners in Seabeck will pay more in taxes than those in Suquamish. However, the difference in taxes is not significant, and property owners in Kitsap County can expect to pay an average of 0.95% in property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Kitsap County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge Island | $433,370 | $610,145 | $810,565 | $1,109,572 | $1,517,741 |
| Bremerton | $188,750 | $267,880 | $336,210 | $406,898 | $514,542 |
| Hansville | $264,860 | $354,932 | $498,180 | $677,685 | $901,662 |
| Indianola | $226,270 | $351,095 | $464,450 | $686,555 | $1,095,844 |
| Kingston | $226,960 | $313,770 | $441,605 | $617,685 | $819,771 |
| Olalla | $199,002 | $306,130 | $419,270 | $553,530 | $700,392 |
| Port Orchard | $226,950 | $289,665 | $359,260 | $449,532 | $564,907 |
| Poulsbo | $237,955 | $339,852 | $441,395 | $571,955 | $736,065 |
| Seabeck | $197,584 | $298,440 | $433,060 | $590,820 | $807,816 |
| Silverdale | $268,156 | $342,590 | $408,210 | $496,420 | $595,450 |
| Suquamish | $175,404 | $244,538 | $305,055 | $437,442 | $734,343 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Kitsap County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge Island | $3,850 | $5,705 | $7,640 | $10,420 | $14,197 |
| Bremerton | $1,134 | $2,544 | $3,353 | $4,135 | $5,241 |
| Hansville | $2,098 | $3,173 | $4,474 | $6,169 | $8,216 |
| Indianola | $1,853 | $3,036 | $4,288 | $6,362 | $10,069 |
| Kingston | $1,682 | $2,827 | $4,110 | $5,770 | $7,623 |
| Olalla | $1,276 | $2,876 | $4,109 | $5,497 | $6,931 |
| Port Orchard | $1,595 | $2,836 | $3,558 | $4,461 | $5,579 |
| Poulsbo | $1,675 | $3,072 | $4,062 | $5,292 | $6,868 |
| Seabeck | $1,781 | $3,035 | $4,461 | $6,072 | $8,337 |
| Silverdale | $2,503 | $3,471 | $4,196 | $5,107 | $6,117 |
| Suquamish | $88 | $1,846 | $2,653 | $3,840 | $6,146 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge Island | 0.89% | 0.94% | 0.94% | 0.94% | 0.94% |
| Bremerton | 0.60% | 0.95% | 1.00% | 1.02% | 1.02% |
| Hansville | 0.79% | 0.89% | 0.90% | 0.91% | 0.91% |
| Indianola | 0.82% | 0.86% | 0.92% | 0.93% | 0.92% |
| Kingston | 0.74% | 0.90% | 0.93% | 0.93% | 0.93% |
| Olalla | 0.64% | 0.94% | 0.98% | 0.99% | 0.99% |
| Port Orchard | 0.70% | 0.98% | 0.99% | 0.99% | 0.99% |
| Poulsbo | 0.70% | 0.90% | 0.92% | 0.93% | 0.93% |
| Seabeck | 0.90% | 1.02% | 1.03% | 1.03% | 1.03% |
| Silverdale | 0.93% | 1.01% | 1.03% | 1.03% | 1.03% |
| Suquamish | 0.05% | 0.75% | 0.87% | 0.88% | 0.84% |
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Real Estate Values in Kitsap County
The data from Redfin shows that home prices in Kitsap County, Washington have increased by 11.43% from October 2022 to October 2023. This is a significant increase in home prices in the area, indicating a strong housing market. At the same time, the home inventory in Kitsap County has decreased by 24%, suggesting that demand for housing is outpacing supply. This could be due to a combination of factors, such as an influx of new residents, an increase in job opportunities, or a decrease in the availability of affordable housing.
Average Home Value in Kitsap County, Washington
Last updated: November 2023
Percent Change in Total Home Sales in Kitsap County
Last updated: November 2023
Percent Change in New Home Listings in Kitsap County
Last updated: November 2023
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Mortgage Rates in Kitsap County
Kitsap County is home to a large number of outstanding home mortgage loans, totaling $12.8 billion. This amount represents a significant portion of the total home value in the county, and is indicative of the strong housing market in the area. The number of outstanding loans in Kitsap County is 52.2K, which is a testament to the popularity of mortgages in the area.
The median mortgage rate in Kitsap County varies across cities, with Indianola having the highest rate at 5.09% and Bainbridge Island having the lowest rate at 4.3%. This variation in rates allows homeowners to find the best deal for their particular situation, and helps to ensure that they are getting the most out of their mortgage. Overall, Kitsap County is a great place to purchase a home, and the strong mortgage market is a testament to this fact.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Kitsap County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge Island | $73,623 | $156,843 | $316,857 | $530,520 | $829,509 |
| Bremerton | $45,325 | $97,925 | $185,909 | $299,572 | $404,013 |
| Hansville | $50,110 | $96,577 | $198,344 | $332,264 | $453,709 |
| Indianola | $38,236 | $76,613 | $180,656 | $292,503 | $441,764 |
| Kingston | $43,932 | $101,724 | $197,127 | $326,257 | $456,867 |
| Olalla | $43,832 | $99,015 | $202,362 | $335,036 | $478,085 |
| Port Orchard | $47,181 | $103,918 | $199,166 | $314,836 | $420,390 |
| Poulsbo | $51,040 | $111,837 | $214,069 | $340,712 | $462,576 |
| Seabeck | $39,018 | $102,704 | $209,642 | $331,901 | $463,636 |
| Silverdale | $45,109 | $96,161 | $206,169 | $328,741 | $447,565 |
| Suquamish | $38,701 | $82,370 | $162,482 | $270,320 | $371,572 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Kitsap County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge Island | 3.00% | 3.62% | 4.30% | 6.15% | 7.17% |
| Bremerton | 2.90% | 3.58% | 4.30% | 6.00% | 7.13% |
| Hansville | 3.10% | 3.70% | 4.45% | 6.15% | 7.19% |
| Indianola | 3.45% | 3.89% | 5.09% | 6.75% | 7.66% |
| Kingston | 3.00% | 3.66% | 4.46% | 6.22% | 7.43% |
| Olalla | 3.10% | 3.66% | 4.43% | 6.14% | 7.15% |
| Port Orchard | 2.90% | 3.60% | 4.40% | 6.11% | 7.19% |
| Poulsbo | 3.09% | 3.70% | 4.46% | 6.17% | 7.18% |
| Seabeck | 3.03% | 3.65% | 4.40% | 6.03% | 7.15% |
| Silverdale | 3.00% | 3.70% | 4.50% | 6.46% | 7.63% |
| Suquamish | 2.96% | 3.65% | 4.60% | 6.29% | 7.37% |
Housing Expenses in Kitsap County, Washington
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