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Tacoma, King County, Washington Property Taxes

Median Tacoma, WA effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but higher than the Washington state median of 0.88%. Median Tacoma, WA home value: $708,000. Median annual Tacoma, WA tax bill: $6,922, $4,522 higher than the national median property tax bill of $2,400.

How are property taxes in King County calculated?

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

Last Updated March 1, 2025

Tacoma, King County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$6,938

$6,439

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Tacoma, located in King County, WA, has a property tax rate that mirrors the state's median rate of 0.98%. This is slightly below the national median property tax rate of 1.02%. The consistency in Tacoma’s tax rates reflects a stable local budgetary environment. Comparatively, Tacoma's property tax rate is competitive when viewed against other cities in Washington and the U.S. median.

For homeowners, understanding these rates is crucial for financial planning. With Tacoma’s property tax rate slightly under the national average, residents can expect a relatively moderate tax bill compared to other parts of the country. This stability can be an attractive factor for potential homebuyers considering Tacoma as their next home.

Property Tax Rates Across Tacoma, 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 Tacoma Tax Rate

0.98%

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 Tacoma, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
984220.96%0.97%0.98%0.98%1.00%
98465N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Tacoma, King County, Washington

When examining property taxes in Tacoma, 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.

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 Tacoma. For example, the median home price in Tacoma is $708,000, with tax bills ranging significantly across the county. Zip code 98422 has the highest median home price at $708,000.

Property Tax Assessment Values Across Tacoma, King County, Washington

Source: Ownwell

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$238,500

$3,665,750

$7,093,000

Median Tacoma Market Value

$708,000

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 Tacoma, King County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98422$392,500$477,250$708,000$772,250$1,023,800
98465N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Tacoma, King County, Washington

In Tacoma, located in King County, Washington, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Tacoma face a median property tax bill of $6,922, significantly higher than the national median of $2,400. The tax bill can vary widely, with the 25th percentile at $4,953 and the 75th percentile soaring to $8,711. For those at the 90th percentile, the tax bill can reach an eye-watering $20,193. Factors influencing these calculations include home values, local levies, and state funding requirements, all of which can significantly impact homeowners' financial obligations. Ownwell steps in to assist homeowners by offering property tax appeal and exemption services. By leveraging expert knowledge and a deep understanding of local tax codes, Ownwell can help reduce these burdensome tax bills, ensuring homeowners only pay their fair share and potentially saving them thousands of dollars.

Property Tax Bills Across Tacoma, King County, Washington

Source: Ownwell

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$2,164

$22,678

$43,192

Median Tacoma Tax Bill

$6,922

Median King County Tax Bill

$7,093

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Tacoma, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98422$3,921$4,727$6,922$7,533$9,927
98465N/AN/AN/AN/AN/A

Source: Ownwell

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