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Lake Stevens, Snohomish County, Washington Property Taxes

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Property Taxes in Lake Stevens, Washington

  • Median Lake Stevens, Washington effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, and lower than the Washington state median of 0.92%.

  • Median Lake Stevens, Washington home value: $622,900

  • Median annual Lake Stevens, Washington tax bill: $5,318, $2,918 higher than the national median property tax bill of $2,400.

How are property taxes in Snohomish calculated?

Property taxes in Lake Stevens, Washington are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lake Stevens's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Stevens, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Lake Stevens, Snohomish County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$5,357

$4,971

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lake Stevens Property Tax Calculator Work?

Use this Lake Stevens property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lake Stevens's median effective tax rate of 0.86% — based on actual property records in Snohomish County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake Stevens's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Lake Stevens: rates range from 0.86% in 98258 to 0.86% in 98258, primarily due to differences in school district levies and local assessment districts. Lake Stevens’s median property tax bill is $5,318, which is higher than the $2,400 national median property tax bill and $2,918 higher than the Washington state median tax bill.

If your estimate is higher than expected, Ownwell can appeal your Lake Stevens assessment — you only pay if we save you money.

About Lake Stevens Property Taxes

About Property Taxes in Lake Stevens, Snohomish, Washington

Lake Stevens's median effective property tax rate of 0.86% is lower than the Washington state median of 0.92% and lower than the national median of 1.02%. This rate reflects the Snohomish County base levy combined with local school district levies and Local improvement districts (LIDs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Lake Stevens. Homeowners in the 98258 ZIP code carry a median effective rate of 0.86%, while those in the lowest ZIP also pay 0.86%. Understanding which part of Lake Stevens you live in can make a meaningful difference to your annual tax bill.

Lake Stevens homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 26, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Lake Stevens, Snohomish County, Washington

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Lake Stevens's effective property tax rate to other cities in Washington and the median property tax rates in Washington and the U.S.

Property Tax Rates Across Lake Stevens, Snohomish County, Washington

Source: Ownwell

0.63%

0.78%

0.93%

Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lake Stevens Tax Rate

0.86%

Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Snohomish County Tax Rate

0.80%

Median Effective Washington Tax Rate

0.92%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Stevens, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
982580.77%0.85%0.86%0.88%0.92%

Source: Ownwell

Property Tax Assessment Values Across Lake Stevens, Snohomish County, Washington

When examining property taxes in Lake Stevens, Washington, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Snohomish County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Snohomish County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of June.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Stevens.

For example, the median home price in Lake Stevens is $622,900, with tax bills ranging significantly across the county. 98258 has the highest median home price at $622,900.

Property Tax Assessment Values Across Lake Stevens, Snohomish County, Washington

Source: Ownwell

$333,900

$1,111,050

$1,888,200

Median Lake Stevens Market Value

$622,900

Median Snohomish County Market Value

$650,900

Median Washington Market Value

$501,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Stevens, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98258$437,700$537,300$622,900$739,200$909,500

Source: Ownwell

Property Tax Bills Across Lake Stevens, Snohomish County, Washington

Property tax bills in Lake Stevens are based on the assessed value of a home and the local tax rate set by taxing authorities in Snohomish County. When a property’s market value rises, the assessed value can increase too, which can lead to a higher tax bill. For a home with a median home price of $622,900, the tax burden can be significant, especially when compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400.

Homeowners in Lake Stevens often see tax bills that vary widely, with the 25th percentile at $4,552 and the 75th percentile at $6,301. That means even similar homes can face very different bills depending on their assessed value and local rates. In the highest and lowest median tax bill ZIP code, 98258, the median tax bill is $5,318.

Ownwell can help homeowners challenge inaccurate assessments and pursue exemptions, which may lower their property tax bills and reduce long-term costs.

Property Tax Bills Across Lake Stevens, Snohomish County, Washington

Source: Ownwell

$2,004

$7,801

$13,598

Median Lake Stevens Tax Bill

$5,318

Median Snohomish County Tax Bill

$5,179

Median Washington Tax Bill

$4,512

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Stevens, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98258$3,146$4,552$5,318$6,301$7,609

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Lake Stevens, Washington

How are property taxes calculated in Lake Stevens, Washington?
Property taxes in Lake Stevens, Washington are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Lake Stevens, Washington?
To appeal your property taxes in Lake Stevens, Washington, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Lake Stevens, Washington?
Common property tax exemptions in Lake Stevens, Washington include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Lake Stevens, Washington?
Property tax deadlines in Lake Stevens, Washington vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Lake Stevens, Washington?
Ownwell provides professional property tax appeal services in Lake Stevens, Washington. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.