Des Moines, Washington Property Taxes
The median property tax rate in Des Moines, WA is 1.13%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Des Moines at $528,000, the typical annual property tax bill reaches $5,884, exceeding the national median of $2,690. Property taxes in Des Moines 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 Des Moines'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 Des Moines 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
Des Moines, 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 Des Moines, Washington Tax Savings
Ownwell’s Des Moines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Des Moines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Des Moines 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 Des Moines. 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 King County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Des Moines, Washington
Property taxes in Des Moines, Washington, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Des Moines is 1.13%, higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Des Moines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Des Moines 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 Des Moines's effective property tax rate to other counties in Washington and the national median. For comparison, the 98148 zip code has the highest median property tax rate of 1.15%, while the 98198 zip code has the lowest median tax rate of 1.13%. Understanding how these cities compare with Des Moines 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 Des Moines Tax Rate
1.13%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Des Moines, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98148 | 1.11% | 1.13% | 1.15% | 1.16% | 1.18% |
| 98198 | 1.03% | 1.07% | 1.13% | 1.15% | 1.17% |
Source: Ownwell
$1,148
Average Des Moines Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Des Moines, Washington
In Des Moines, 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 Appraisal District 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 Des Moines, 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. The median home price in Des Moines is $528,000, with tax bills varying significantly. The highest median tax bill is $5,964 in the 98148 zip code, while the lowest is $5,867 in the 98198 zip code. 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 Des Moines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Des Moines, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Des Moines Assessed Value
$528,000
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 Des Moines, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98148 | $442,000 | $479,000 | $521,000 | $600,000 | $678,200 |
| 98198 | $288,000 | $451,000 | $529,000 | $632,500 | $839,000 |
Source: Ownwell
$1,148
Average Des Moines Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Des Moines, Washington
In Des Moines, King County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the tax owed. For instance, the median home price in Des Moines is $528,000, and homeowners in this area face property tax bills ranging from $4,871 at the 25th percentile to $9,069 at the 90th percentile. Factors such as property improvements, neighborhood developments, and market fluctuations can influence the assessed value, directly impacting the tax bill. With the national median property tax rate at 0.99%, homeowners in Des Moines experience varying tax rates depending on their specific location. Ownwell can help homeowners in Des Moines save on their property tax bills by providing expert property tax appeal and exemption services. By reviewing your property’s assessed value and identifying discrepancies, Ownwell ensures that you only pay your fair share, potentially saving you hundreds or even thousands of dollars annually.
Average Des Moines Tax Bill
$5,884
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Des Moines, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98148 | $4,758 | $5,456 | $5,964 | $6,851 | $7,761 |
| 98198 | $2,697 | $4,767 | $5,867 | $7,079 | $9,262 |
Source: Ownwell
$1,148
Average Des Moines 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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