Example of Snohomish County Property Tax Calculation
Snohomish County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office and is equal to the market value of the property.
To calculate the property tax, the assessed value of the property is multiplied by the county's current property tax rate, which is set annually by the county council. The property tax rate is expressed as a percentage of the assessed value.
For example, if a property in Snohomish County has an assessed value of $200,000 and the current property tax rate is 1%, the property tax owed would be $2,000 ($200,000 x 0.01).
It is important to note that property tax rates and assessed values can vary from year to year, so property owners should be aware of these changes and plan accordingly. Additionally, certain exemptions and deductions may be available to property owners, so it is recommended that they consult with a tax professional to determine if they qualify for any of these benefits.
If you want appeal your property tax assessment - contact your local tax assessor.
Snohomish County Property Tax Rates
The following table shows the property tax rates for Snohomish County in US dollars per $100 of assessed value:
| Tax | Rate per $100 Assessed Value |
|---|---|
| County General | $0.9500 |
| EMS | $0.5000 |
| Road | $0.2500 |
| Conservation | $0.0900 |
| Noxious Weed | $0.0100 |
It is important to note that these rates may vary depending on the specific location within Snohomish County and any additional levies or exemptions that may apply. It is recommended to consult with a qualified tax professional for personalized advice regarding property taxes in Snohomish County.
Who sets property tax rates in Snohomish County ?
Who sets property tax rates in Snohomish County?
The Snohomish County Council sets the property tax rates for Snohomish County, Washington.
When are property tax rates set in Snohomish County?
The property tax rates are set annually in November by the Snohomish County Council. The rates are based on the budget needs of the county and its various taxing districts, such as schools, fire departments, and libraries.
How is the property tax rate calculated in Snohomish County?
The property tax rate in Snohomish County is calculated by taking the total amount of revenue needed from property taxes and dividing it by the total assessed value of all taxable property in the county.
What factors affect property tax rates in Snohomish County?
Several factors can affect property tax rates in Snohomish County, including changes in property values, changes in the county's budget needs, and changes in state laws governing property taxes. Additionally, property owners may be eligible for exemptions or deferrals that can affect their property tax bills.
What is the current property tax rate in Snohomish County?
The current property tax rate in Snohomish County varies depending on the specific taxing district and property location. Property owners can view their specific property tax rates by visiting the Snohomish County Assessor's website.
| Taxing District | Current Property Tax Rate |
|---|---|
| Snohomish County | 1.2431% |
| Snohomish County Fire Districts | 0.9388-1.5879% |
| Snohomish County Library District | 0.4447% |
| Snohomish County Conservation Futures | 0.119% |
Homestead exemptions in Snohomish County ?
To help Snohomish County residents better understand their Homestead exemptions and deductions, here's a table of all the county-specific information:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Exemption | All homeowners | Up to $50,000 | Cannot exceed 35% of assessed value |
| Senior/Disabled | Age 61+/disabled | Additional $40,000 | Must have income < $40,000 |
| Disabled Veterans | Veteran with service-connected disability | Up to $90,000 | Based on percentage of disability |
| Surviving Spouse | Widow/Widower | Up to $60,000 | Must meet basic exemption requirements |
| Farmland | Owners of farmland | Reduced property taxes | Must meet acreage and income requirements |
| Open Space | Owners of designated open space | Reduced property taxes | Must meet land use requirements |
It's important to note that these exemptions and deductions are specific to Snohomish County in Washington and may vary in other counties or states. Homeowners should consult with their local county assessor's office for more information and eligibility requirements.
Overall, taking advantage of these Homestead exemptions and deductions can significantly reduce property taxes for eligible homeowners in Snohomish County.
When is Snohomish County Property Tax due ?
Snohomish County Property Tax Due Date and Payment Methods
Snohomish County property tax is typically due on or before April 30th every year. Property owners should ensure that their payment is received by the Treasurer's Office before the deadline to avoid any late payment penalties.
Here are the payment methods available for Snohomish County property tax:
| Payment Method | Description |
|---|---|
| Online | Property owners can pay their property tax online through the Snohomish County Treasurer's website using a debit or credit card, or e-check. A convenience fee will be charged for this service. |
| Payments can be made by mail by sending a check or money order to the Treasurer's Office. The address and payment instructions are included in the property tax statement. | |
| In Person | Property owners can also pay their property tax in person at the Treasurer's Office during business hours. Payments can be made by cash, check, or money order. |
It is important to note that if a property owner has a mortgage, their property tax may be collected by their mortgage company as part of their monthly mortgage payment. In this case, the mortgage company will make the payment on behalf of the property owner.
In summary, Snohomish County property tax is due on or before April 30th every year. Property owners have the option to pay online, by mail, or in person at the Treasurer's Office. Property owners with a mortgage should check with their mortgage company to see if their property tax is being collected as part of their monthly mortgage payment.
If you have more questions - contact your local tax collector.
How is Snohomish County Property Tax penalty calculated ?
Snohomish County Property Tax Penalty Calculation
The penalty for late payment of property taxes is calculated based on the amount of taxes owed and the number of days past the payment due date. Here's an example to help illustrate how this works:
- Property tax owed: $5,000
- Payment due date: April 30th
- Number of days late: 30
To calculate the penalty, Snohomish County uses a formula that takes into account both the amount owed and the number of days late. In this case, the penalty would be calculated as follows:
- 5% penalty for the first 10 days late: $250
- 1% penalty for each additional day late: $150 (30 days x 1% x $5,000)
In total, the penalty for being 30 days late on a $5,000 property tax payment in Snohomish County would be $400 ($250 + $150).
It's important to note that property tax penalties and interest rates can vary depending on the specific county and state. It's always best to check with your local tax assessor's office or a tax professional for accurate information on your property tax obligations.
We recommend contacting the Snohomish County Tax Office or a local tax professional for the most up-to-date and accurate information.