King County, Texas Property Taxes
The median property tax rate in King County is 1.96%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in King County, the typical annual property tax bill reaches $583, which is notably lower than the national median of $2,690. Property taxes in King County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding King County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in King County or another part of Texas, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
King County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$671
$623
Ownwell’s King County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in King County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in King County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across King County, Texas
Property taxes in King County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in King County is 1.96%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within King County set these rates annually, and they can vary significantly between different areas within the county. Each year, King County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares King County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Guthrie has one of the higher property tax rates in Texas at 1.96%, while the city of Paducah boasts one of the lowest at 1.96%. Analyzing how King County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average King County Tax Rate
1.96%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across King County, Texas
In King County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the King County Appraisal District. The assessed value, however, 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 in King County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Guthrie has the highest median tax bill at $590, while Paducah has the lowest at $481. Being aware of these valuation processes in King County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average King County Assessed Value
$34,235
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across King County, Texas
In King County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The tax rate is applied to this assessed value to calculate the annual property tax bill. Factors such as the home's location, size, and market conditions influence its assessed value. For instance, the median home price in King County is $34,235. Homeowners in King County can expect varying tax bills. At the 25th percentile, the tax bill is around $329, while at the 75th percentile, it reaches approximately $1,014. The top 10% of property tax bills can go as high as $1,828. Comparing cities within the county, Guthrie has the highest median tax bill at $590, whereas Paducah has the lowest at $481. These tax bills can significantly impact homeowners, influencing decisions on buying, selling, or maintaining property. With the national median property tax rate at 0.99%, King County's rates reflect the local economic conditions and property values.
Average King County Tax Bill
$583
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690