98249 Property Tax Rate

Property owners in ZIP code 98249 (Freeland, Washington) pay a median of $3,803/year in property taxes on homes valued at $585,700. This translates to an effective tax rate of 0.65%, which is 15% below the Washington state average of 0.77%.

The monthly property tax burden for a median-valued home in 98249 is approximately $317, which factors into escrow payments on mortgages. This ZIP code is located within Island County. This is $211 more than the Washington average of $3,592/year.

Compared to similar ZIP codes in Washington, 98249 has higher property taxes. ZIP codes with similar effective rates include 98376 (0.65%) and 98628 (0.65%).

In Freeland, property taxes represent approximately 3.8% of the median household income of $99,583, providing context for the relative tax burden on homeowners in this area.

Washington imposes no annual property tax cap; Island County Assessor reassesses your property to market value at purchase with potential for large increases each year. Island County offers the Senior/Disabled Property Tax Exemption for homeowners 61+ or disabled persons meeting income limits (state threshold approximately $40,000–$45,000) — this substantially reduces your tax bill if you qualify. Contact the Island County Assessor immediately after closing to apply for the exemption; submit your application by the March 31 annual deadline.