98253 Property Tax Rate

Property owners in ZIP code 98253 (Greenbank, Washington) pay a median of $4,143/year in property taxes on homes valued at $710,100. This translates to an effective tax rate of 0.58%, which is 24% below the Washington state average of 0.77%.

The monthly property tax burden for a median-valued home in 98253 is approximately $345, which factors into escrow payments on mortgages. This ZIP code is located within Island County. This is $551 more than the Washington average of $3,592/year.

Compared to similar ZIP codes in Washington, 98253 has higher property taxes. ZIP codes with similar effective rates include 98643 (0.58%) and 99152 (0.58%).

In Greenbank, property taxes represent approximately 5.6% of the median household income of $73,393, 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.