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FIPS: 53061•Rank #72 National•Rank #1 in WA
Snohomish County, WA
Forward-Looking Municipal Debt, Assessment Lag & Carrying Cost Audit
Elevated Tax Drift Risk
96% Conf.
Tax Drift Index
56.3/ 100
Elevated Drift Risk
Snohomish County Executive Risk Briefing
MSRB EMMA Disclosures & US Census BureauAugust 2026
Snohomish County carries a Elevated Tax Drift Score (56.3/100) based on $7,100 in overlapping municipal debt per capita and a +22.4% CAD assessment lag spread. Projected 3-year millage escalation of +6.32% (+632 bps) indicates an estimated +$139,335/yr escrow adjustment on median-priced properties.
Median Home: $690,000Median Income: $99,000Effective Tax: 0.9%
Municipal Debt Per Capita
$7,100
7.2% of Median Income
CAD Valuation Lag
+22.4%
Assessed Value trailing Market HPI
3-Yr Millage Escalation
+632 bps
Effective Rate: 0.9% → 7.2%
Projected Annual Escrow Shock
+$139,335/yr
Estimated on median assessed home
Overlapping Taxing Jurisdictions & Debt Obligations
Breakdown of autonomous debt issuers assessing ad valorem property taxes on parcels within Snohomish County.
| Entity Name | Entity Type | Outstanding Bond Debt | Debt / Student or Cap | Adopted Millage |
|---|---|---|---|---|
| Edmonds School District | ISD | $620.0M | $31,000 | 24.000% |
5-Year Historical Drift Score & Effective Rate Trajectory
2022
50
0.8% eff.
2023
52
0.8% eff.
2024
53
0.9% eff.
2025
55
0.9% eff.
2026
56.3
0.9% eff.
Statutory Constraint & Legislative Policy
Everett and North Sound transit expansion alongside regional hospital district levies shape tax bills.
Data Provenance & Audit Citations