Seattle, Washington Property Taxes
The median property tax rate in Seattle, WA is 0.87%, slightly below the state median of 0.88% but still higher than the national median of 0.99%. With the median home value in Seattle at $781,000, the typical annual property tax bill reaches $6,889, significantly exceeding the national median of $2,690. Property taxes in Seattle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Seattle'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 Seattle 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
Seattle, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$6,795
$6,305
$1,148
Average Tax Savings
Ownwell’s Seattle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seattle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seattle 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 Seattle. 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 Seattle, Washington
Property taxes in Seattle, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seattle is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Seattle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seattle 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 Seattle's effective property tax rate to other areas in King County and the national median. For comparison, the 98198 zip code has the highest median property tax rate of 1.17%, while the 98164 zip code has the lowest median tax rate of 0.82%. Understanding how these areas compare with Seattle 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 Seattle Tax Rate
0.87%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seattle, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98101 | 0.81% | 0.82% | 0.82% | 0.83% | 0.84% |
| 98102 | 0.82% | 0.83% | 0.84% | 0.85% | 0.87% |
| 98103 | 0.84% | 0.84% | 0.86% | 0.87% | 0.89% |
| 98104 | 0.82% | 0.82% | 0.82% | 0.83% | 0.84% |
| 98105 | 0.83% | 0.84% | 0.86% | 0.87% | 0.88% |
| 98106 | 0.85% | 0.88% | 0.92% | 0.95% | 0.99% |
| 98107 | 0.83% | 0.84% | 0.85% | 0.87% | 0.88% |
| 98108 | 0.85% | 0.88% | 0.91% | 0.93% | 0.96% |
| 98109 | 0.82% | 0.83% | 0.84% | 0.85% | 0.86% |
| 98112 | 0.83% | 0.84% | 0.85% | 0.86% | 0.87% |
| 98115 | 0.84% | 0.86% | 0.87% | 0.89% | 0.90% |
| 98116 | 0.83% | 0.85% | 0.87% | 0.89% | 0.91% |
| 98117 | 0.84% | 0.86% | 0.87% | 0.88% | 0.90% |
| 98118 | 0.85% | 0.87% | 0.90% | 0.93% | 0.96% |
| 98119 | 0.83% | 0.84% | 0.85% | 0.86% | 0.87% |
| 98121 | 0.82% | 0.82% | 0.82% | 0.83% | 0.83% |
| 98122 | 0.83% | 0.84% | 0.85% | 0.87% | 0.88% |
| 98125 | 0.85% | 0.88% | 0.91% | 0.93% | 0.95% |
| 98126 | 0.84% | 0.86% | 0.89% | 0.92% | 0.94% |
| 98133 | 0.85% | 0.87% | 0.90% | 0.93% | 0.95% |
| 98134 | 0.24% | 0.86% | 0.86% | 0.87% | 0.88% |
| 98136 | 0.84% | 0.86% | 0.88% | 0.90% | 0.92% |
| 98144 | 0.84% | 0.85% | 0.86% | 0.88% | 0.90% |
| 98146 | 0.88% | 0.93% | 1.09% | 1.15% | 1.16% |
| 98148 | 1.08% | 1.09% | 1.10% | 1.10% | 1.11% |
| 98155 | 0.90% | 0.93% | 0.96% | 1.07% | 1.07% |
| 98164 | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
| 98166 | 1.08% | 1.09% | 1.10% | 1.19% | 1.21% |
| 98168 | 1.08% | 1.09% | 1.10% | 1.15% | 1.17% |
| 98177 | 0.85% | 0.87% | 0.89% | 0.91% | 0.93% |
| 98178 | 0.91% | 0.96% | 1.07% | 1.09% | 1.11% |
| 98188 | 1.06% | 1.07% | 1.08% | 1.10% | 1.11% |
| 98191 | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
| 98198 | 1.05% | 1.08% | 1.17% | 1.18% | 1.22% |
| 98199 | 0.84% | 0.85% | 0.86% | 0.88% | 0.89% |
Source: Ownwell
$1,148
Average Seattle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Seattle, Washington
In Seattle, 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 Seattle, 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 Seattle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Seattle is $16,226 in the 98191 zip code, while the lowest median tax bill is $2,337 in the 98148 zip code.
Property Tax Assessment Values Across Seattle, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Seattle Assessed Value
$781,000
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 Seattle, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98101 | $293,930 | $367,000 | $555,000 | $799,750 | $1,305,000 |
| 98102 | $291,000 | $416,000 | $666,000 | $1,201,000 | $1,779,000 |
| 98103 | $451,000 | $687,000 | $886,000 | $1,112,000 | $1,383,400 |
| 98104 | $259,000 | $335,000 | $514,500 | $728,000 | $1,202,600 |
| 98105 | $573,000 | $844,000 | $1,107,000 | $1,569,000 | $2,326,000 |
| 98106 | $449,000 | $519,000 | $600,000 | $688,000 | $796,000 |
| 98107 | $424,000 | $663,000 | $846,000 | $1,037,000 | $1,281,000 |
| 98108 | $481,000 | $552,000 | $642,000 | $738,000 | $850,000 |
| 98109 | $344,000 | $448,000 | $697,500 | $1,217,000 | $1,734,800 |
| 98112 | $586,000 | $879,000 | $1,300,500 | $1,930,000 | $2,932,600 |
| 98115 | $543,000 | $789,000 | $964,000 | $1,198,000 | $1,594,200 |
| 98116 | $512,000 | $691,000 | $847,000 | $1,081,000 | $1,437,000 |
| 98117 | $651,000 | $770,000 | $910,000 | $1,107,000 | $1,411,000 |
| 98118 | $474,000 | $567,000 | $680,000 | $847,000 | $1,126,000 |
| 98119 | $369,000 | $573,000 | $1,012,000 | $1,362,000 | $1,845,300 |
| 98121 | $271,360 | $384,000 | $538,000 | $771,000 | $1,122,000 |
| 98122 | $370,000 | $566,000 | $815,000 | $1,076,500 | $1,513,000 |
| 98125 | $391,000 | $610,000 | $756,000 | $927,000 | $1,189,000 |
| 98126 | $442,000 | $567,000 | $684,000 | $815,000 | $1,010,000 |
| 98133 | $292,500 | $516,025 | $643,000 | $785,000 | $963,000 |
| 98134 | $290,000 | $352,000 | $405,000 | $452,000 | $524,000 |
| 98136 | $514,000 | $657,000 | $830,000 | $1,057,000 | $1,361,000 |
| 98144 | $510,000 | $641,000 | $761,000 | $936,000 | $1,361,200 |
| 98146 | $414,000 | $491,750 | $580,000 | $706,250 | $882,000 |
| 98148 | $179,000 | $205,000 | $238,500 | $535,750 | $666,600 |
| 98155 | $407,000 | $450,000 | $643,000 | $866,000 | $1,166,000 |
| 98164 | $534,000 | $576,250 | $679,000 | $763,750 | $876,500 |
| 98166 | $443,600 | $589,000 | $757,000 | $892,000 | $1,092,600 |
| 98168 | $316,000 | $416,000 | $485,000 | $552,000 | $630,000 |
| 98177 | $719,000 | $833,000 | $1,025,500 | $1,343,750 | $2,007,400 |
| 98178 | $414,000 | $487,000 | $587,000 | $704,000 | $860,000 |
| 98188 | $379,000 | $453,500 | $522,000 | $619,750 | $722,800 |
| 98191 | $1,840,500 | $1,854,750 | $1,878,500 | $1,902,250 | $1,916,500 |
| 98198 | $227,600 | $267,000 | $359,000 | $710,000 | $1,120,200 |
| 98199 | $525,000 | $831,000 | $1,107,000 | $1,494,000 | $2,019,000 |
Source: Ownwell
$1,148
Average Seattle Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Seattle, Washington
In Seattle, King County, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $781,000, homeowners face varying tax bills. Factors such as the property's location, improvements, and market conditions influence the assessed value. For instance, tax bills in the 25th percentile are around $5,123, while those in the 75th percentile reach $9,177. The highest median tax bill in the area is $16,226 in the 98191 zip code, significantly above the national median property tax rate of 0.99%. These taxes can place a considerable financial burden on homeowners. Ownwell helps alleviate this by offering property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential errors or overvaluations, Ownwell can assist in lowering your tax bill. This ensures you only pay your fair share, potentially saving you thousands of dollars annually.
Average Seattle Tax Bill
$6,889
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Seattle, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98101 | $2,375 | $2,972 | $4,577 | $6,477 | $10,468 |
| 98102 | $2,313 | $3,430 | $5,437 | $10,100 | $14,890 |
| 98103 | $3,419 | $5,781 | $7,583 | $9,538 | $11,799 |
| 98104 | $2,078 | $2,749 | $4,217 | $5,914 | $9,594 |
| 98105 | $4,363 | $7,210 | $9,506 | $13,350 | $19,677 |
| 98106 | $3,759 | $4,699 | $5,524 | $6,404 | $7,374 |
| 98107 | $3,414 | $5,528 | $7,209 | $8,914 | $11,025 |
| 98108 | $3,921 | $4,862 | $5,749 | $6,640 | $7,557 |
| 98109 | $2,829 | $3,680 | $5,683 | $10,336 | $14,572 |
| 98112 | $4,547 | $7,290 | $11,019 | $16,218 | $24,639 |
| 98115 | $3,676 | $6,794 | $8,403 | $10,384 | $13,672 |
| 98116 | $3,824 | $5,926 | $7,367 | $9,371 | $12,326 |
| 98117 | $5,350 | $6,625 | $7,903 | $9,597 | $12,177 |
| 98118 | $3,885 | $5,083 | $6,113 | $7,501 | $9,903 |
| 98119 | $2,947 | $4,598 | $8,553 | $11,529 | $15,510 |
| 98121 | $2,208 | $3,157 | $4,404 | $6,274 | $9,126 |
| 98122 | $2,879 | $4,460 | $6,941 | $9,238 | $12,810 |
| 98125 | $2,724 | $5,410 | $6,867 | $8,349 | $10,582 |
| 98126 | $3,090 | $5,028 | $6,115 | $7,249 | $8,864 |
| 98133 | $2,376 | $4,100 | $5,837 | $7,102 | $8,585 |
| 98134 | $684 | $2,983 | $3,455 | $3,853 | $4,730 |
| 98136 | $3,926 | $5,719 | $7,330 | $9,288 | $11,886 |
| 98144 | $3,517 | $5,383 | $6,560 | $8,101 | $11,614 |
| 98146 | $3,847 | $5,207 | $6,154 | $7,208 | $8,733 |
| 98148 | $1,954 | $2,016 | $2,337 | $5,830 | $7,251 |
| 98155 | $4,183 | $4,650 | $5,914 | $8,355 | $10,330 |
| 98164 | $4,368 | $4,711 | $5,546 | $6,234 | $7,149 |
| 98166 | $4,152 | $6,466 | $8,343 | $10,166 | $12,227 |
| 98168 | $2,772 | $4,460 | $5,318 | $6,141 | $6,961 |
| 98177 | $6,202 | $7,429 | $9,103 | $11,855 | $17,417 |
| 98178 | $4,042 | $4,954 | $5,950 | $7,193 | $8,877 |
| 98188 | $3,661 | $4,919 | $5,637 | $6,690 | $7,740 |
| 98191 | $15,904 | $16,025 | $16,226 | $16,426 | $16,547 |
| 98198 | $2,675 | $3,041 | $3,605 | $7,379 | $13,322 |
| 98199 | $3,787 | $7,094 | $9,581 | $12,823 | $17,170 |
Source: Ownwell
$1,148
Average Seattle 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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