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Lynnwood, Snohomish County, Washington Property Taxes

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Property Taxes in Lynnwood, Washington

  • Median Lynnwood, Washington effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, and lower than the Washington state median of 0.92%.

  • Median Lynnwood, Washington home value: $683,600

  • Median annual Lynnwood, Washington tax bill: $5,371, higher than the national median property tax bill of $2,400.

How are property taxes in Snohomish calculated?

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

Last Updated April 13, 2026

Lynnwood, Snohomish County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$5,400

$5,011

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lynnwood Property Tax Calculator Work?

Use this Lynnwood property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lynnwood's median effective tax rate of 0.79% — based on actual property records in Snohomish County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lynnwood'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 Lynnwood: rates range from $5,289 in 98037 to $5,452 in 98087, primarily due to differences in school district levies and local assessment districts. Lynnwood's median property tax bill of $5,371 is higher than the national median property tax bill of $2,400 and higher than the Washington median by $2,971.

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

About Lynnwood Property Taxes

About Property Taxes in Lynnwood, Snohomish, Washington

Lynnwood’s median effective property tax rate of 0.79% 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 Lynnwood. Homeowners in the 98087 ZIP code carry a median effective rate of 0.82%, while those in 98037 pay 0.76%. This spread — 0.06 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Snohomish County. Understanding which part of Lynnwood you live in can make a meaningful difference to your annual tax bill.

Lynnwood homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before August 26, 2026.

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 Lynnwood, 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 Lynnwood'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 Lynnwood, Snohomish County, Washington

Source: Ownwell

0.63%

0.78%

0.93%

Our median effective property tax rate (tax bill ÷ 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 Lynnwood Tax Rate

0.79%

Our median effective property tax rate (tax bill ÷ 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 Lynnwood, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
980360.73%0.76%0.78%0.80%0.82%
980370.71%0.74%0.76%0.80%0.83%
980870.77%0.80%0.82%0.85%0.89%

Source: Ownwell

Property Tax Assessment Values Across Lynnwood, Snohomish County, Washington

When examining property taxes in Lynnwood, 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 assessor 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 June 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. The median home price in Lynnwood is $683,600, with a median tax bill of $5,371. Tax bills range from $4,469 at the 25th percentile to $7,388 at the 90th percentile, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.

Property Tax Assessment Values Across Lynnwood, Snohomish County, Washington

Source: Ownwell

$333,900

$1,111,050

$1,888,200

Median Lynnwood Market Value

$683,600

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 Lynnwood, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98036$350,100$582,800$687,600$828,400$950,300
98037$335,000$600,500$701,900$838,100$978,120
98087$385,000$559,100$670,600$773,200$894,430

Source: Ownwell

Property Tax Bills Across Lynnwood, Snohomish County, Washington

Property tax bills in Lynnwood are based on the assessed value of a home and the local tax rate set by taxing authorities in Snohomish County. When a home’s market value rises, the assessed value can increase too, which may push the tax bill higher. For Lynnwood homeowners, the typical bill is $5,452 in ZIP code 98087 and $5,289 in ZIP code 98037, both well above the national median property tax bill of $2,400. With a median home price of $683,600, even small assessment changes can have a noticeable impact on annual costs.

Ownwell helps homeowners challenge unfair assessments and pursue exemptions that may lower their property tax bills. By reviewing your property details and identifying potential savings, Ownwell can help reduce what you owe and keep more money in your pocket.

Property Tax Bills Across Lynnwood, Snohomish County, Washington

Source: Ownwell

$2,004

$7,801

$13,598

Median Lynnwood Tax Bill

$5,371

Median Snohomish County Tax Bill

$5,179

Median Washington Tax Bill

$4,512

Median United States Tax Bill

$2,400

Property Tax Bills Across Lynnwood, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98036$1,994$4,442$5,320$6,429$7,357
98037$2,007$4,443$5,289$6,360$7,477
98087$2,901$4,525$5,452$6,298$7,354

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Lynnwood, Washington

How are property taxes calculated in Lynnwood, Washington?
Property taxes in Lynnwood, 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 Lynnwood, Washington?
To appeal your property taxes in Lynnwood, 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 Lynnwood, Washington?
Common property tax exemptions in Lynnwood, 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 Lynnwood, Washington?
Property tax deadlines in Lynnwood, 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 Lynnwood, Washington?
Ownwell provides professional property tax appeal services in Lynnwood, 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.