Kirkland, Washington Property Taxes
The median property tax rate in Kirkland, WA is 0.88%, slightly lower than the national median of 0.99%. With the median home value in Kirkland, the typical annual property tax bill reaches $6,000, significantly higher than the national median of $2,690. Property taxes in Kirkland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kirkland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kirkland or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kirkland, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,860
$1,817
Ownwell’s Kirkland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirkland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirkland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kirkland, Washington
Property taxes in Kirkland, WA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirkland is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Kirkland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirkland estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Kirkland's effective property tax rate to other areas in Washington and the national median. For comparison, the zip code 98033 has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Kirkland provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kirkland Tax Rate
0.95%
Average Douglas County Tax Rate
0.99%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirkland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98033 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Kirkland, Washington
In Kirkland, Washington, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the King County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Kirkland are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Kirkland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $1,869 in the 98033 zip code.
Average Kirkland Assessed Value
$195,800
Average Douglas County Assessed Value
$332,000
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kirkland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98033 | $195,800 | $195,800 | $195,800 | $195,800 | $195,800 |
Source: Ownwell
Property Tax Bills Across Kirkland, Washington
In Kirkland, located in Douglas County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to this value to calculate the annual property tax bill. For homeowners in Kirkland, the median home price is $195,800, and the median property tax bill is consistently $1,869, which is higher than the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners can expect their property tax bills to reflect these changes, impacting their annual financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Kirkland Tax Bill
$1,869
Average Douglas County Tax Bill
$3,320
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirkland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98033 | $1,869 | $1,869 | $1,869 | $1,869 | $1,869 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
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