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Redmond, King County, Washington Property Taxes

  • Median Redmond, WA effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Redmond, WA home value: $1,295,000

  • Median annual Redmond, WA tax bill: $10,206, $7,806 higher than the national median property tax bill of $2,400.

How are property taxes in King calculated?

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

Last Updated March 1, 2025

Redmond, King County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$9,583

$8,893

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Redmond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Redmond with just two data points. By entering your property's estimated assessed value, our calculator applies Redmond’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 Redmond, King County, Washington

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. Each year, counties estimate the budget needed to provide essential services and divide it by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legislation, this annual process is essentially how it works.

In Redmond, located in King County, Washington, the effective property tax rate is an essential metric for homeowners and prospective buyers to consider. The city’s rate can be compared to other cities within Washington and the national median property tax rate of 1.02%. While Redmond's rate is lower than the national median, it reflects the local government's budgetary needs and the assessed property values within the area. Understanding these rates is crucial for property owners to anticipate their annual tax obligations and manage their finances accordingly.

Property Tax Rates Across Redmond, 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 Redmond Tax Rate

0.74%

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 Redmond, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
980520.73%0.74%0.74%0.74%0.74%
980530.86%0.87%0.87%0.89%0.93%
98033N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Redmond, King County, Washington

When examining property taxes in Redmond, 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 May. 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 Redmond.

For example, the median home price in Redmond is $1,295,000, with tax bills ranging significantly across the county. Zip code 98053 has the highest median home price at $1,322,000.

Property Tax Assessment Values Across Redmond, King County, Washington

Source: Ownwell

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$238,500

$3,665,750

$7,093,000

Median Redmond Market Value

$1,295,000

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 Redmond, King County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98052$446,000$871,500$1,283,000$1,651,000$1,966,000
98053$717,000$1,021,000$1,322,000$1,670,000$2,057,000
98033N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Redmond, King County, Washington

In Redmond, located in King County, WA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor, who evaluates the property's market value and applies a tax rate to calculate the tax bill. Factors such as location, property size, and home improvements can influence the assessed value. In Redmond, the median home price is $1,295,000. Homeowners in this area face property tax bills ranging from $7,021 at the 25th percentile to $15,851 at the 90th percentile. The highest median tax bill in the region is $11,613, while the lowest is $9,605. Compared to the national median property tax bill of $2,400, Redmond's tax bills are significantly higher, impacting homeowners financially. Ownwell can help homeowners reduce these burdens by providing expert property tax appeal and exemption services. By ensuring that assessments are accurate and fair, Ownwell helps homeowners potentially lower their tax bills, offering much-needed relief in a high-tax area.

Property Tax Bills Across Redmond, King County, Washington

Source: Ownwell

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$2,164

$22,678

$43,192

Median Redmond Tax Bill

$10,206

Median King County Tax Bill

$7,093

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Redmond, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98052$3,072$6,118$9,605$12,328$14,786
98053$5,661$8,865$11,613$14,498$17,862
98033N/AN/AN/AN/AN/A

Source: Ownwell

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