Tukwila, Washington Property Taxes
The median property tax rate in Tukwila, WA is 1.09%, 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 at $475,000, the typical annual property tax bill reaches $5,102, 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
1.09%
Estimate Property Tax Bill
$5,178
$5,058
$1,148
Average Tukwila, Washington Tax Savings
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 not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Tukwila. 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 1.09%, 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 98168 zip code has the highest median property tax rate of 1.10%, while the 98188 zip code has the lowest median tax rate of 1.07%. 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
1.09%
Average King County Tax Rate
0.88%
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 |
|---|---|---|---|---|---|
| 98168 | 1.07% | 1.09% | 1.10% | 1.10% | 1.11% |
| 98178 | 0.90% | 0.91% | 1.09% | 1.10% | 1.12% |
| 98188 | 1.06% | 1.06% | 1.07% | 1.10% | 1.13% |
Source: Ownwell
$1,148
Average Tukwila Tax Savings
Save on your property taxes & more with 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 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. 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 median tax bill in Tukwila is $5,461 in the 98178 zip code, while the lowest median tax bill is $4,435 in the 98188 zip code.
Property Tax Assessment Values Across Tukwila, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Tukwila Assessed Value
$475,000
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 Tukwila, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98168 | $349,000 | $408,000 | $483,000 | $583,000 | $685,800 |
| 98178 | $337,900 | $408,750 | $527,500 | $624,000 | $776,800 |
| 98188 | $215,200 | $269,000 | $425,000 | $563,500 | $683,600 |
Source: Ownwell
$1,148
Average Tukwila Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tukwila, Washington
In Tukwila, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is set by the King County Assessor’s Office and reflects the market value of the property. For example, with a median home price of $475,000, homeowners can expect a tax bill ranging from $3,432 at the 25th percentile to $7,525 at the 90th percentile. The highest median tax bill in the area is $5,461 in the 98178 zip code, while the lowest is $4,435 in the 98188 zip code. These figures are notably higher than the national median property tax rate of 0.99%. Homeowners in Tukwila can be significantly impacted by these property tax bills, affecting their overall cost of living. Ownwell can assist by providing expert property tax appeal and exemption services, potentially lowering the assessed value and, consequently, the tax bill. By leveraging local market knowledge and tax regulations, Ownwell helps homeowners achieve substantial savings on their property taxes.
Average Tukwila Tax Bill
$5,102
Average King County Tax Bill
$7,093
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 |
|---|---|---|---|---|---|
| 98168 | $3,037 | $4,399 | $5,238 | $6,298 | $7,448 |
| 98178 | $3,022 | $4,189 | $5,461 | $6,340 | $8,091 |
| 98188 | $1,918 | $2,683 | $4,435 | $6,224 | $7,541 |
Source: Ownwell
$1,148
Average Tukwila 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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