Shoreline, Washington Property Taxes
The median property tax rate in Shoreline, WA is 1.05%, considerably higher than both the national median of 0.99% and the Washington state median of 0.88%. With the median home value in Shoreline at $741,000, the typical annual property tax bill reaches $7,668, far exceeding the national median of $2,690. Property taxes in Shoreline are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shoreline'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 Shoreline 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
Shoreline, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$7,781
$7,220
$1,148
Average Tax Savings
Ownwell’s Shoreline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shoreline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shoreline 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 Shoreline. 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 Shoreline, Washington
Property taxes in Shoreline, Washington, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Shoreline is 1.05%, which is higher than both the Washington state median and the U.S. national median of 0.99%. Local government entities within Shoreline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shoreline estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Shoreline's effective property tax rate to other areas in King County and the national median. For comparison, the 98155 zip code has the highest median property tax rate of 1.05%, while the 98177 zip code has the lowest median tax rate of 1.03%. Understanding how these areas compare with Shoreline 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 Shoreline Tax Rate
1.05%
Average King County Tax Rate
0.88%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shoreline, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98133 | 1.03% | 1.04% | 1.05% | 1.06% | 1.07% |
| 98155 | 1.03% | 1.04% | 1.05% | 1.06% | 1.07% |
| 98177 | 1.00% | 1.02% | 1.03% | 1.04% | 1.06% |
Source: Ownwell
$1,148
Average Shoreline Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Shoreline, Washington
In Shoreline, 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 Appraisal District 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 Shoreline, 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. For instance, the highest median tax bill in Shoreline is $9,666 in the 98177 zip code, while the lowest is $7,122 in the 98155 zip code. Being aware of these valuation processes in Shoreline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Shoreline, Washington
Source: Ownwell
$238,500
$11,294,750
$22,351,000
Average Shoreline Assessed Value
$741,000
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 Shoreline, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98133 | $463,300 | $633,000 | $730,000 | $826,000 | $921,000 |
| 98155 | $428,000 | $586,000 | $686,000 | $785,000 | $897,000 |
| 98177 | $631,800 | $786,000 | $941,000 | $1,326,000 | $1,850,200 |
Source: Ownwell
$1,148
Average Shoreline Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Shoreline, Washington
In Shoreline, 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 tax rate in Shoreline is influenced by the local tax levy rates and the specific needs of the community, such as funding for schools and public services. For example, with a median home price of $741,000, homeowners in Shoreline can expect to pay between $6,407 (25th percentile) and $11,359 (90th percentile) in property taxes annually. This range is significantly higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in the area. Ownwell can help homeowners in Shoreline reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value of your property and identifying any discrepancies or opportunities for exemptions, Ownwell ensures you are not overpaying. This can result in substantial savings, making homeownership more affordable in a high-tax region.
Average Shoreline Tax Bill
$7,668
Average King County Tax Bill
$7,093
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Shoreline, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98133 | $3,008 | $6,450 | $7,565 | $8,574 | $9,518 |
| 98155 | $3,056 | $5,966 | $7,122 | $8,140 | $9,260 |
| 98177 | $5,454 | $7,995 | $9,666 | $13,454 | $18,622 |
Source: Ownwell
$1,148
Average Shoreline 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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