Kirkland, Washington Property Taxes
The median property tax rate in Kirkland, WA is 0.76%, 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 $1,083,000 in Kirkland, the typical annual property tax bill amounts to $8,237, significantly surpassing the national median of $2,690. Property taxes in Kirkland are calculated based on the tax assessed value, which is often below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Kirkland'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 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
$2,500,000
$5,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,760
$612
$1,148
Average Kirkland, Washington Tax Savings
Ownwell’s Kirkland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kirkland with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kirkland to project your property tax bill. This valuable tool not only helps you grasp potential tax liabilities but also showcases how Ownwell can aid in reducing property taxes in Kirkland. For those interested in neighborhood-specific trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kirkland, Washington
Property taxes in Kirkland, WA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirkland is 0.76%, which is lower than 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 King County and the national median. For comparison, the 98034 zip code has the highest median property tax rate of 0.77%, while the 98033 zip code has the lowest median tax rate of 0.75%. Understanding how these areas compare with Kirkland 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 Kirkland Tax Rate
0.76%
Average King County Tax Rate
0.88%
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 | 0.75% | 0.75% | 0.75% | 0.76% | 0.77% |
| 98034 | 0.75% | 0.76% | 0.77% | 0.78% | 0.80% |
Source: Ownwell
$1,148
Average Kirkland Tax Savings
Save on your property taxes & more with 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 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 median tax bill in Kirkland is $11,158 in the 98033 zip code, while the lowest is $7,320 in the 98034 zip code.
Property Tax Assessment Values Across Kirkland, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Kirkland Assessed Value
$1,083,000
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 Kirkland, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98033 | $603,000 | $1,010,000 | $1,484,000 | $2,081,000 | $2,917,000 |
| 98034 | $353,000 | $624,000 | $956,000 | $1,145,500 | $1,511,000 |
Source: Ownwell
$1,148
Average Kirkland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Kirkland, Washington
In Kirkland, property tax bills are calculated based on the assessed value of a home, which is determined by the King County Assessor's Office. This assessed value is then multiplied by the local property tax rate. For Kirkland homeowners, the median home price is $1,083,000. Property tax bills can vary significantly, with the 25th percentile at $5,871 and the 75th percentile at $12,060. The highest median tax bill in Kirkland is found in the 98033 zip code, at $11,158, while the lowest is in the 98034 zip code, at $7,320. Factors such as changes in market value, local levies, and voter-approved measures can influence the assessed value and, consequently, the tax bill. High property taxes can be a significant burden for homeowners, but Ownwell can help by providing expert property tax appeal and exemption services. By ensuring your property is fairly assessed, Ownwell can potentially save you thousands on your annual tax bill, making homeownership more affordable.
Average Kirkland Tax Bill
$8,237
Average King County Tax Bill
$7,093
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 | $4,129 | $7,440 | $11,158 | $15,617 | $21,821 |
| 98034 | $2,588 | $3,957 | $7,320 | $8,740 | $11,445 |
Source: Ownwell
$1,148
Average Kirkland Tax Savings
Save on your property taxes & more with 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 |
Links | |
|---|---|
| King Tax Assessor | |
| Phone | (206) 296-7300 |
| Website | blue.kingcounty.com |
| assessor.info@kingcounty.gov | |
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