Edmonds, Washington Property Taxes
Real Estate Values and Property Tax Valuation in Edmonds, Washington
The city of Edmonds has 20,385 properties with a cumulative value of $12.6B, making up 10.94% of all real estate value in Snohomish County. Property taxes in Edmonds totaled $121.4M, with an average homeowner paying $5,981 in property taxes compared to the county average of $4,998. The average property tax rate in Edmonds is 0.97%, while the county average is 1.09%. 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 | |
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Snohomish Assessor | (425) 388-3433 |
Snohomish Treasurer (Tax Collector) | (425) 388-3366 |
Important Dates | |
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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 | |
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Senior | Available |
Disabled | Available |
Homestead | Not Available |
Veteran | Available |
Charitable | Available |
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Real Estate Statistics in Edmonds, Washington
Residential Property Tax by ZIP code in Edmonds, Washington
Edmonds is a city in Snohomish County, Washington, and in 2023, the total property taxes collected in Edmonds was $5,981. The average property tax rate in Edmonds is 0.97%, which is lower than the average Snohomish County property tax rate of 1.09%. However, the effective property tax rate varies across Edmonds ZIP codes, with the highest rate being 0.98% in the 98026 ZIP code and the lowest rate being 0.95% in the 98020 ZIP code. This variation in property tax rates is due to the differences in home values across Edmonds ZIP codes.
Overall, Edmonds property tax rates are lower than the average Snohomish County rate, but they still vary across ZIP codes. Homeowners in Edmonds should be aware of the effective property tax rate in their ZIP code, as it can have a significant impact on their total tax bill. Knowing the effective property tax rate in their ZIP code can help homeowners plan for their property tax payments and budget accordingly.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Edmonds, Washington. 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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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98020 | $401,290 | $512,275 | $643,150 | $840,900 | $1,101,830 |
98026 | $321,160 | $436,400 | $516,600 | $624,400 | $817,020 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Edmonds, Washington.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98020 | $3,291 | $4,888 | $6,177 | $8,130 | $10,775 |
98026 | $2,398 | $4,337 | $5,346 | $6,396 | $8,031 |
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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98020 | 0.82% | 0.95% | 0.96% | 0.97% | 0.98% |
98026 | 0.75% | 0.99% | 1.03% | 1.02% | 0.98% |
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Real Estate Values in Edmonds, Washington
Average Home Value in Edmonds, Washington
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Edmonds, Washington
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for West region
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