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Clyde Hill, Washington Property Taxes

The median property tax rate in Clyde Hill, WA is 0.65%, which is notably lower than both the national median of 0.99% and the Washington state median of 0.88%. With a median home value of $3,767,000 in Clyde Hill, the typical annual property tax bill amounts to $24,301, significantly surpassing the national median of $2,690. Property taxes in Clyde Hill are determined based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences. Gaining a thorough understanding of Clyde Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clyde Hill or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Clyde Hill, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

0.65%

Estimate Property Tax Bill

$24,486

$23,920

SAVE WITH OWNWELL

$1,148

Average Clyde Hill, Washington Tax Savings

Ownwell’s Clyde Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clyde Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clyde Hill to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Clyde Hill. 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 Clyde Hill, Washington

Property taxes in Clyde Hill, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clyde Hill is 0.65%, lower than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Clyde Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clyde Hill 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 Clyde Hill's effective property tax rate to other counties in Washington and the national median. For comparison, the 98004 zip code has the highest median property tax rate of 0.65%, while the 98004 zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Clyde Hill provides valuable insights into the varying tax landscape across King County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Clyde Hill, Washington

Source: Ownwell

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0.15%

0.68%

1.22%

Average Clyde Hill Tax Rate

0.65%

Average King County Tax Rate

0.88%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Clyde Hill, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
980040.65%0.65%0.65%0.65%0.65%

Source: Ownwell

Property Tax Assessment Values Across Clyde Hill, Washington

In Clyde Hill, 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 Appraisal District 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. In Clyde Hill, assessment notices 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 Clyde Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clyde Hill is $3,767,000, with annual property tax bills ranging from $20,343 at the 25th percentile to $40,909 at the 90th percentile. Notably, the zip code with both the highest and lowest median tax bill is 98004, with a median tax bill of $24,301.

Property Tax Assessment Values Across Clyde Hill, Washington

Source: Ownwell

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$238,500

$11,294,750

$22,351,000

Average Clyde Hill Assessed Value

$3,767,000

Average King County Assessed Value

$770,000

Average Washington Assessed Value

$482,000

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Clyde Hill, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98004$2,682,800$3,161,000$3,767,000$4,905,000$6,323,400

Source: Ownwell

Property Tax Bills Across Clyde Hill, Washington

In Clyde Hill, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the King County Assessor's Office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. With a median home price of $3,767,000, homeowners in Clyde Hill can expect substantial tax bills, ranging from $20,343 at the 25th percentile to $40,909 at the 90th percentile. Factors such as property improvements, market conditions, and neighborhood trends can significantly impact these assessed values, thereby affecting the tax bill. Ownwell can help homeowners in Clyde Hill save on their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property's assessed value and identifies potential discrepancies or overvaluations. By filing a well-supported appeal, we can help reduce your property's assessed value, leading to lower tax bills. This service ensures you are not overpaying and can save you thousands of dollars annually.

Property Tax Bills Across Clyde Hill, Washington

Source: Ownwell

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$1,821

$79,930

$158,039

Average Clyde Hill Tax Bill

$24,301

Average King County Tax Bill

$7,093

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Clyde Hill, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98004$17,142$20,343$24,301$31,737$40,909

Source: Ownwell

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