Tukwila, Washington Property Taxes
The median property tax rate in Tukwila, WA is 1.38%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Tukwila, the typical annual property tax bill reaches $299, exceeding the national median of $2,690. Property taxes in Tukwila are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tukwila'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 Tukwila 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
Tukwila, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$299
$292
Ownwell’s Tukwila Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tukwila with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tukwila 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 Tukwila, Washington
Property taxes in Tukwila, Washington, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tukwila is 1.38%, significantly higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Tukwila set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tukwila 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 Tukwila's effective property tax rate to other counties in Washington and the national median. For comparison, the 98188 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Tukwila 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.
Average Tukwila Tax Rate
1.38%
Average Whitman County Tax Rate
1.48%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tukwila, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98188 | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Tukwila, Washington
In Tukwila, 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 Whitman 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 Tukwila, 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 Tukwila helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tukwila are both $299, found in the 98188 zip code.
Average Tukwila Assessed Value
$21,670
Average Whitman County Assessed Value
$117,153
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tukwila, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98188 | $21,670 | $21,670 | $21,670 | $21,670 | $21,670 |
Source: Ownwell
Property Tax Bills Across Tukwila, Washington
In Tukwila, Whitman County, WA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The local tax rate in Tukwila is influenced by various factors, including the city’s budget requirements, school district funding, and other municipal needs. The assessed value is determined by the county assessor, who evaluates the market value of your property. For homeowners in Tukwila, this means that the median home price of $21,670 leads to a relatively modest property tax bill. The tax bills range from the 25th percentile to the 90th percentile, all consistently at $299. This is significantly lower than the national median property tax rate of 0.99%, making it more affordable for homeowners in this region. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively. With such predictable and low property tax bills, owning a home in Tukwila offers both stability and financial predictability.
Average Tukwila Tax Bill
$299
Average Whitman County Tax Bill
$1,573
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Tukwila, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98188 | $299 | $299 | $299 | $299 | $299 |
Source: Ownwell