Bellevue, King County, Washington Property Taxes
Median Bellevue, WA effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Bellevue, WA home value: $1,375,000
Median annual Bellevue, WA tax bill: $9,782, $7,382 higher than the national median property tax bill of $2,400.
How are property taxes in King County calculated?
Property taxes in Bellevue, 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 Bellevue’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bellevue, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bellevue, King County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$9,763
$9,059
$1,102
Average Tax Savings
Property Tax Rates Across Bellevue, King County, Washington
Local government entities set tax rates, which can vary widely within a state. 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 Bellevue, located in King County, WA, the effective property tax rate stands out when compared to other cities in the state. Bellevue's median tax rate is 0.71%, which is lower than the national median property tax rate of 1.02%. This means residents benefit from relatively lower property tax rates compared to the national average. The consistency of the tax rate across Bellevue's zip codes, such as 98006 and 98004, highlights a stable tax environment. Residents in Bellevue enjoy the financial advantage of lower property taxes while benefiting from the services funded by these taxes. This balance makes Bellevue an attractive location for property owners looking to optimize their property tax obligations.
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 Bellevue Tax Rate
0.71%
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%
Bellevue, Washington vs Similar Washington Cities
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 Seattle Tax Rate
0.87%
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 Spokane Tax Rate
0.95%
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 Tacoma Tax Rate
1.03%
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 Vancouver Tax Rate
0.93%
Property Tax Rates Across Bellevue, King County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98004 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| 98005 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| 98006 | 0.71% | 0.71% | 0.71% | 0.78% | 0.78% |
| 98007 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| 98008 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
| 98000 | N/A | N/A | N/A | N/A | N/A |
| 98009 | N/A | N/A | N/A | N/A | N/A |
| 98033 | N/A | N/A | N/A | N/A | N/A |
| 98115 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Bellevue Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Bellevue, King County, Washington
When examining property taxes in Bellevue, WA, 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 Department of Assessments 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 Bellevue. For example, the median home price in Bellevue is $1,375,000, with tax bills ranging significantly across the county. Zip code 98004 has the highest median home price at $1,647,000.
Property Tax Assessment Values Across Bellevue, King County, Washington
Source: Ownwell
$238,500
$3,665,750
$7,093,000
Median Bellevue Market Value
$1,375,000
Median King County Market Value
$770,000
Median Washington Market Value
$482,000
Median United States Market Value
$235,294
Bellevue, Washington vs Similar Washington Cities
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 Seattle Market Value
$781,000
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 Spokane Market Value
$354,000
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 Tacoma Market Value
$428,400
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 Vancouver Market Value
$454,600
Property Tax Assessment Values Across Bellevue, King County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98004 | $502,040 | $748,500 | $1,647,000 | $2,556,500 | $3,925,600 |
| 98005 | $448,000 | $739,000 | $1,540,000 | $2,007,500 | $2,748,000 |
| 98006 | $735,000 | $1,136,000 | $1,507,000 | $1,914,000 | $2,468,000 |
| 98007 | $355,300 | $481,000 | $1,063,000 | $1,372,000 | $1,852,200 |
| 98008 | $782,000 | $1,055,000 | $1,269,000 | $1,553,000 | $2,067,000 |
| 98000 | N/A | N/A | N/A | N/A | N/A |
| 98009 | N/A | N/A | N/A | N/A | N/A |
| 98033 | N/A | N/A | N/A | N/A | N/A |
| 98115 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Bellevue Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Bellevue, King County, Washington
Median Bellevue Tax Bill
$9,782
Median King County Tax Bill
$7,093
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Bellevue, Washington vs Similar Washington Cities
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 Seattle Tax Bill
$6,889
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 Spokane Tax Bill
$3,331
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 Tacoma Tax Bill
$4,442
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 Vancouver Tax Bill
$4,166
Property Tax Bills Across Bellevue, King County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98004 | $3,342 | $5,144 | $11,521 | $17,934 | $27,618 |
| 98005 | $3,038 | $4,932 | $10,779 | $14,113 | $19,340 |
| 98006 | $4,134 | $8,499 | $10,878 | $14,187 | $18,114 |
| 98007 | $2,295 | $3,228 | $7,400 | $9,648 | $13,105 |
| 98008 | $4,430 | $7,322 | $8,920 | $10,972 | $14,675 |
| 98000 | N/A | N/A | N/A | N/A | N/A |
| 98009 | N/A | N/A | N/A | N/A | N/A |
| 98033 | N/A | N/A | N/A | N/A | N/A |
| 98115 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Bellevue 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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