Edgewood, Washington Property Taxes
The median property tax rate in Edgewood, WA is 1.01%, slightly higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Edgewood, the typical annual property tax bill reaches $5,941, significantly exceeding the national median of $2,690. Property taxes in Edgewood 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 Edgewood'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 Edgewood 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
Edgewood, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$6,034
$5,894
$1,148
Average Edgewood, Washington Tax Savings
Ownwell’s Edgewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edgewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edgewood 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 Edgewood. 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 Edgewood, Washington
Property taxes in Edgewood, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgewood is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Edgewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgewood 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 Edgewood's effective property tax rate to other areas in Pierce County and the national median. For comparison, the 98390 zip code has the highest median property tax rate of 1.06%, while the 98404 zip code has the lowest median tax rate of 1.00%. Understanding how these areas compare with Edgewood provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edgewood Tax Rate
1.01%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgewood, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98371 | 0.72% | 1.00% | 1.01% | 1.03% | 1.05% |
| 98372 | 0.90% | 0.98% | 1.01% | 1.03% | 1.08% |
| 98375 | N/A | N/A | N/A | N/A | N/A |
| 98390 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
| 98404 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
$1,148
Average Edgewood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Edgewood, Washington
In Edgewood, 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 Pierce County Assessor-Treasurer 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 Edgewood, 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. The median home price in Edgewood is $597,400, with tax bills ranging from $4,916 at the 25th percentile to $8,810 at the 90th percentile. The highest median tax bill is $6,952 in zip code 98404, while the lowest is $337 in zip code 98390. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, protest assessments, or apply for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Edgewood, Washington
Source: Ownwell
$21,400
$1,254,100
$2,486,800
Average Edgewood Assessed Value
$597,400
Average Pierce County Assessed Value
$465,900
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgewood, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98371 | $269,200 | $490,300 | $596,550 | $717,650 | $815,550 |
| 98372 | $432,600 | $503,900 | $597,900 | $751,100 | $918,500 |
| 98375 | N/A | N/A | N/A | N/A | N/A |
| 98390 | $31,700 | $31,700 | $31,700 | $31,700 | $31,700 |
| 98404 | $695,200 | $695,200 | $695,200 | $695,200 | $695,200 |
Source: Ownwell
$1,148
Average Edgewood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Edgewood, Washington
In Edgewood, located in Pierce County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $597,400, homeowners might see tax bills ranging from $4,916 at the 25th percentile to $8,810 at the 90th percentile, reflecting the variability in assessed values and tax rates. Factors such as property improvements, neighborhood changes, and market conditions can influence these assessments, impacting the final tax bill. Homeowners in Edgewood can benefit significantly from Ownwell's property tax appeal and exemption services. By leveraging expert knowledge and local market data, Ownwell helps homeowners challenge unfair assessments, potentially reducing their tax burden. This can lead to substantial savings, especially in areas where tax bills are notably high, like the highest median tax bill of $6,952 in the 98404 zip code. Let Ownwell navigate the complexities of property taxes to ensure you pay only your fair share.
Average Edgewood Tax Bill
$5,941
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgewood, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98371 | $2,325 | $4,965 | $5,934 | $7,156 | $8,276 |
| 98372 | $3,462 | $4,899 | $5,950 | $7,431 | $9,070 |
| 98375 | N/A | N/A | N/A | N/A | N/A |
| 98390 | $337 | $337 | $337 | $337 | $337 |
| 98404 | $6,952 | $6,952 | $6,952 | $6,952 | $6,952 |
Source: Ownwell
$1,148
Average Edgewood Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 26 |
| Tax Bill | |
| Issued | February 10 |
| Due Date #1 | April 30 |
| Due Date #2 | October 31 |
Links | |
|---|---|
| Pierce Tax Assessor | |
| Phone | (253) 798-6111 |
| Website | atip.piercecountywa.gov |
| pcatr@piercecountywa.gov | |
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