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Monroe, Snohomish County, Washington Property Taxes

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Property Taxes in Monroe, Washington

  • Median Monroe, Washington effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the Washington state median of 0.92%.

  • Median Monroe, Washington home value: $618,100

  • Median annual Monroe, Washington tax bill: $4,745, $2,345 higher than the national median property tax bill of $2,400.

How are property taxes in Snohomish calculated?

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

Last Updated April 13, 2026

Monroe, Snohomish County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$4,821

$4,474

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Monroe Property Tax Calculator Work?

Use this Monroe property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Monroe's median effective tax rate of 0.78% — 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 Monroe'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 Monroe: rates range from 0.78% in 98272 to 0.78% in 98272, primarily due to differences in school district levies and local assessment districts.

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

About Monroe Property Taxes

About Property Taxes in Monroe, Snohomish, Washington

Monroe's median effective property tax rate of 0.78% 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 Monroe. Homeowners in the 98272 ZIP code carry a median effective rate of 0.78%, while those in 98272 pay 0.78%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Snohomish County. Understanding which part of Monroe you live in can make a meaningful difference to your annual tax bill.

Monroe 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 Monroe, 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 Monroe'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 Monroe, 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 Monroe Tax Rate

0.78%

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 Monroe, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
982720.70%0.77%0.78%0.80%0.84%

Source: Ownwell

Property Tax Assessment Values Across Monroe, Snohomish County, Washington

When examining property taxes in Monroe, 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. For example, the median home price in Monroe is $618,100, with a median tax bill of $4,745. The highest median home price is in 98272 at $618,100.

Property Tax Assessment Values Across Monroe, Snohomish County, Washington

Source: Ownwell

$333,900

$1,111,050

$1,888,200

Median Monroe Market Value

$618,100

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 Monroe, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98272$405,080$517,400$618,100$783,200$964,780

Source: Ownwell

Property Tax Bills Across Monroe, Snohomish County, Washington

Property tax bills in Monroe are calculated by applying local tax rates to a home’s assessed value, which is based on the market value of the property. For homeowners, that means a higher assessed value can lead to a higher tax bill, even if the home has not changed much. In Monroe, the median home price is $618,100, and the median property tax bill is $4,745, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.

Your bill can also vary depending on where your home is located within Snohomish County and how local taxing districts are structured. The 25th percentile tax bill is $3,889, while the 75th percentile is $6,037, showing how much bills can differ from one homeowner to another.

Ownwell helps homeowners save by reviewing assessments, identifying opportunities to appeal, and finding exemptions that may lower what you owe.

Property Tax Bills Across Monroe, Snohomish County, Washington

Source: Ownwell

$2,004

$7,801

$13,598

Median Monroe Tax Bill

$4,745

Median Snohomish County Tax Bill

$5,179

Median Washington Tax Bill

$4,512

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe, Snohomish County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98272$2,580$3,889$4,745$6,037$7,533

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Monroe, Washington

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