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Fall City, King County, Washington Property Taxes

  • Median Fall City, WA effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but higher than the Washington state median of 0.88%.

  • Median Fall City, WA home value: $1,023,000

  • Median annual Fall City, WA tax bill: $9,855, $7,455 higher than the national median property tax bill of $2,400.

How are property taxes in King County calculated?

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

Last Updated March 1, 2025

Fall City, King County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$10,025

$9,303

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Fall City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fall City with just two data points. By entering your property's estimated assessed value, our calculator applies Fall City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Fall City, King County, Washington

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Fall City, located in King County, WA, the effective property tax rate is 0.98%, which matches the state's median property tax rate. This is slightly below the national median property tax rate of 1.02%. The consistency in Fall City's tax rate can offer homeowners some predictability in their annual property tax bills. While this rate is lower than the national average, it is important for property owners to consider both the assessed value of their property and the local tax rate when planning their finances. Comparing Fall City's rate to other cities in Washington and the U.S. can provide valuable insights into how local tax obligations stack up against broader trends.

Property Tax Rates Across Fall City, 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 Fall City Tax Rate

0.98%

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 Fall City, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
980240.90%0.97%0.98%1.00%1.02%

Source: Ownwell

Property Tax Assessment Values Across Fall City, King County, Washington

When examining property taxes in Fall City, 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 Assessor's Office 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.

Assessment notices: 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 Fall City. For example, the median home price in Fall City is $1,023,000, with tax bills ranging significantly across the county. 98024 has the highest median home price at $1,023,000.

Property Tax Assessment Values Across Fall City, King County, Washington

Source: Ownwell

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$238,500

$3,665,750

$7,093,000

Median Fall City Market Value

$1,023,000

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 Fall City, King County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98024$457,600$736,500$1,023,000$1,392,500$1,911,400

Source: Ownwell

Property Tax Bills Across Fall City, King County, Washington

In Fall City, located in King County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Fall City is $1,023,000, leading to property tax bills that can vary significantly. For instance, homeowners at the 25th percentile pay around $7,011, while those at the 75th percentile face bills of approximately $13,329. The tax bill can reach up to $18,239 for those at the 90th percentile. With the national median property tax bill at $2,400, Fall City homeowners often experience higher tax burdens. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay only their fair share. Homeowners can benefit from significant savings, alleviating the financial strain of high property taxes.

Property Tax Bills Across Fall City, King County, Washington

Source: Ownwell

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$2,164

$22,678

$43,192

Median Fall City Tax Bill

$9,855

Median King County Tax Bill

$7,093

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Fall City, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98024$3,583$7,011$9,855$13,329$18,239

Source: Ownwell

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