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Algona, King County, Washington Property Taxes

  • Median Algona, WA effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Algona, WA home value: $422,000

  • Median annual Algona, WA tax bill: $4,633, $2,233 higher than the national median property tax bill of $2,400.

How are property taxes in King County calculated?

Property taxes in Algona, WA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Algona’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Algona, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Algona, King County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$4,642

$4,308

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Algona Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Algona with just two data points. By entering your property's estimated assessed value, our calculator applies Algona’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by King County — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in King County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Algona, King County, Washington

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Algona, located in King County, Washington, the effective property tax rate is a reflection of this process. King County’s median property tax rate stands at 1.10%, which aligns with the rate in Algona. This is higher than the national median property tax rate of 1.02%. When comparing Algona’s rate to other cities in Washington, it becomes evident that Algona shares the same rate as the highest and lowest median tax rates in the county, indicating a uniformity within this region. Understanding these rates is essential for homeowners looking to manage their property tax liabilities effectively, especially when considering that the national median property tax bill is $2,400. By staying informed, property owners in Algona can make more strategic decisions regarding appeals and exemptions.

Property Tax Rates Across Algona, King County, Washington

Source: Ownwell

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0.61%

0.91%

1.22%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Algona Tax Rate

1.10%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective King County Tax Rate

0.88%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Algona, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
980011.09%1.10%1.10%1.11%1.14%

Source: Ownwell

Property Tax Assessment Values Across Algona, King County, Washington

When examining property taxes in Algona, Washington, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The King County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In King County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Algona.

For example, the median home price in Algona is $422,000, with tax bills ranging significantly across the county. Zip code 98001 has the highest median home price at $422,000.

Property Tax Assessment Values Across Algona, King County, Washington

Source: Ownwell

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$238,500

$3,665,750

$7,093,000

Median Algona Market Value

$422,000

Median King County Market Value

$770,000

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Algona, King County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98001$207,000$304,000$422,000$489,000$541,600

Source: Ownwell

Property Tax Bills Across Algona, King County, Washington

In Algona, located in King County, Washington, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $422,000. Homeowners in Algona face a median property tax bill of $4,633, significantly higher than the national median of $2,400. This discrepancy highlights the impact of local tax rates and property values on tax bills. Factors such as the location within the county and specific property characteristics play a crucial role in determining the assessed value and, consequently, the tax bill. For homeowners, these high tax bills can be a financial burden. However, Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, Ownwell helps homeowners potentially reduce their tax bills by ensuring their property is assessed fairly and applying for any eligible exemptions. This service not only saves money but also offers peace of mind to homeowners facing high property taxes.

Property Tax Bills Across Algona, King County, Washington

Source: Ownwell

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$2,164

$22,678

$43,192

Median Algona Tax Bill

$4,633

Median King County Tax Bill

$7,093

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Algona, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98001$2,293$3,148$4,633$5,377$5,962

Source: Ownwell

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