98277 Property Tax Rate

Property owners in ZIP code 98277 (Oak Harbor, Washington) pay a median of $3,496/year in property taxes on homes valued at $455,300. This translates to an effective tax rate of 0.77%, which is near the Washington state average of 0.77%.

The monthly property tax burden for a median-valued home in 98277 is approximately $291, which factors into escrow payments on mortgages. This ZIP code is located within Island County.

Compared to similar ZIP codes in Washington, 98277 has higher property taxes. ZIP codes with similar effective rates include 99004 (0.77%) and 98310 (0.77%).

In Oak Harbor, property taxes represent approximately 4.4% of the median household income of $79,326, 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.