Issaquah, Washington Property Taxes
The median property tax rate in Issaquah, WA is 0.76%, which is lower than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Issaquah at $1,081,000, the typical annual property tax bill reaches $8,933, significantly exceeding the national median of $2,690. Property taxes in Issaquah are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Issaquah's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Issaquah 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
Issaquah, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$8,216
$7,624
$1,148
Average Tax Savings
Ownwell’s Issaquah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Issaquah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Issaquah 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 Issaquah. 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Issaquah, Washington
Property taxes in Issaquah, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Issaquah is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Issaquah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Issaquah 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 Issaquah's effective property tax rate to other areas in King County and the national median. For comparison, the 98027 zip code has the highest median property tax rate of 0.76%, while the 98029 zip code has the lowest median tax rate of 0.76%. Understanding how these areas compare with Issaquah 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 Issaquah Tax Rate
0.76%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Issaquah, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98027 | 0.76% | 0.76% | 0.76% | 0.93% | 0.94% |
| 98029 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
$1,148
Average Issaquah Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Issaquah, Washington
In Issaquah, 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 Assessor 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 Issaquah, 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. 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 Issaquah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in zip code 98027 at $9,289, while the lowest is in zip code 98029 at $7,493.
Property Tax Assessment Values Across Issaquah, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Issaquah Assessed Value
$1,081,000
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 Issaquah, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98027 | $445,000 | $773,000 | $1,101,000 | $1,426,000 | $1,777,000 |
| 98029 | $371,200 | $508,000 | $989,000 | $1,526,500 | $1,926,000 |
Source: Ownwell
$1,148
Average Issaquah Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Issaquah, Washington
In Issaquah, located in King County, WA, property tax bills are calculated based on the assessed value of a home, not its market value. The local tax rate is then applied to this assessed value. With a median home price of $1,081,000, homeowners in Issaquah face significant property tax bills, ranging from $4,787 at the 25th percentile to $14,490 at the 90th percentile. The highest median tax bill in the area is $9,289, specifically in zip code 98027, while the lowest is $7,493 in zip code 98029. These tax bills can place a considerable financial burden on homeowners. However, Ownwell offers property tax appeal and exemption services that can help reduce these costs. By analyzing your property's assessed value and comparing it with similar properties, Ownwell can identify discrepancies and file appeals on your behalf. This can result in substantial savings, allowing homeowners to better manage their finances and alleviate the stress of high property taxes.
Average Issaquah Tax Bill
$8,933
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Issaquah, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98027 | $3,187 | $5,960 | $9,289 | $11,488 | $14,239 |
| 98029 | $2,710 | $3,823 | $7,493 | $11,655 | $14,751 |
Source: Ownwell
$1,148
Average Issaquah 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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