Gold Bar, King County, Washington Property Taxes
Median Gold Bar, WA effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.
Median Gold Bar, WA home value: $274,000
Median annual Gold Bar, WA tax bill: $2,301, $99 lower than the national median property tax bill of $2,400.
How are property taxes in King County calculated?
Property taxes in Gold Bar, 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 Gold Bar’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gold Bar, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gold Bar, King County, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$2,302
$2,136
$1,102
Average Tax Savings
Property Tax Rates Across Gold Bar, 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.
Below, you can compare Gold Bar’s effective property tax rate to other cities in Washington and the median property tax rates in Washington and the U.S. Gold Bar, located in King County, has an effective property tax rate of 0.84%, which stands below the national median property tax rate of 1.02%. This makes Gold Bar an attractive option for property owners looking for lower tax rates compared to the national average. The uniformity in tax rates across King County suggests a predictable tax environment for residents, which can be beneficial for long-term financial planning. Understanding these rates can help property owners make informed decisions about their investments and potential savings in property taxes.
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 Gold Bar Tax Rate
0.84%
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 Gold Bar, King County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | 0.79% | 0.81% | 0.84% | 0.87% | 0.89% |
Source: Ownwell
$1,102
Average Gold Bar Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Gold Bar, King County, Washington
When examining property taxes in Gold Bar, 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 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 April. 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 Gold Bar. For example, the median home price in Gold Bar is $274,000, with tax bills ranging significantly across the county. Zip code 98251 has the highest median home price at $274,000.
Property Tax Assessment Values Across Gold Bar, King County, Washington
Source: Ownwell
$238,500
$3,665,750
$7,093,000
Median Gold Bar Market Value
$274,000
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 Gold Bar, King County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | $201,000 | $227,000 | $274,000 | $332,000 | $427,800 |
Source: Ownwell
$1,102
Average Gold Bar Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Gold Bar, King County, Washington
In Gold Bar, located in King County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price in Gold Bar is $274,000. Homeowners in this area pay a property tax bill that generally falls between $1,961 at the 25th percentile and $3,409 at the 90th percentile. The median property tax bill in Gold Bar is $2,301, which is slightly below the national median of $2,400. This tax bill is influenced by factors such as local tax rates and the assessed value of your property. For homeowners, this can mean a significant annual expense that impacts their financial planning.
Ownwell offers a valuable service to homeowners by helping them navigate the property tax appeal process. By reviewing your property’s assessed value and identifying potential discrepancies, Ownwell can assist in reducing your tax bill. Their expertise ensures that homeowners only pay their fair share, potentially saving hundreds or even thousands of dollars annually.
Median Gold Bar Tax Bill
$2,301
Median King County Tax Bill
$7,093
Median Washington Tax Bill
$4,284
Median United States Tax Bill
$2,400
Property Tax Bills Across Gold Bar, King County, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98251 | $1,593 | $1,961 | $2,301 | $2,745 | $3,409 |
Source: Ownwell
$1,102
Average Gold Bar 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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