Gig Harbor, Washington Property Taxes
The median property tax rate in Gig Harbor, WA is 0.82%, 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 Gig Harbor at $673,800, the typical annual property tax bill reaches $5,401, significantly exceeding the national median of $2,690. Property taxes in Gig Harbor 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 Gig Harbor'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 Gig Harbor 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
Gig Harbor, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$5,525
$5,127
$1,148
Average Tax Savings
Ownwell’s Gig Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gig Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gig Harbor 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 Gig Harbor. 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 Gig Harbor, Washington
Property taxes in Gig Harbor, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gig Harbor is 0.82%, slightly lower than the Pierce County median but still competitive when compared to the U.S. national median of 0.99%. Local government entities within Gig Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gig Harbor 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 Gig Harbor's effective property tax rate to other areas in Pierce County and the national median. For comparison, the 98329 zip code has the highest median property tax rate of 0.86%, while the 98332 zip code has the lowest median tax rate of 0.77%. Understanding how these areas compare with Gig Harbor provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gig Harbor Tax Rate
0.82%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gig Harbor, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98329 | 0.75% | 0.83% | 0.86% | 0.91% | 0.93% |
| 98332 | 0.69% | 0.75% | 0.77% | 0.84% | 0.87% |
| 98335 | 0.72% | 0.77% | 0.82% | 0.84% | 0.85% |
Source: Ownwell
$1,148
Average Gig Harbor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Gig Harbor, Washington
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gig Harbor, Washington. The market value reflects 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 Pierce County Assessor-Treasurer 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 Gig Harbor, 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. For instance, the median home price in Gig Harbor is $673,800. The median tax bill varies significantly across different zip codes, with the highest being $5,818 in the 98335 zip code and the lowest at $3,992 in the 98329 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Gig Harbor, Washington
Source: Ownwell
$21,400
$1,254,100
$2,486,800
Average Gig Harbor Assessed Value
$673,800
Average Pierce County Assessed Value
$465,900
Average Washington Assessed Value
$482,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gig Harbor, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98329 | $251,440 | $361,225 | $469,050 | $631,575 | $842,000 |
| 98332 | $432,870 | $569,925 | $723,950 | $975,900 | $1,327,110 |
| 98335 | $470,420 | $570,225 | $729,200 | $984,500 | $1,480,600 |
Source: Ownwell
$1,148
Average Gig Harbor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Gig Harbor, Washington
In Gig Harbor, property tax bills are calculated based on the assessed value of the home, which is determined by Pierce County. The assessed value is then multiplied by the local tax rate. For example, the median home price in Gig Harbor is $673,800, resulting in a median tax bill that can range significantly. Homeowners in the 25th percentile may see bills around $4,159, while those in the 75th percentile could face tax bills as high as $7,348. The highest median tax bill in the area reaches $5,818 in the 98335 zip code, whereas the lowest is $3,992 in the 98329 zip code. These tax bills can be a significant burden for homeowners, but Ownwell can help. By providing expert property tax appeal and exemption services, we can ensure your property is fairly assessed, potentially lowering your tax bill. Our team’s local expertise and data-driven approach make it easier for homeowners to navigate the complexities of property tax assessments and save money.
Average Gig Harbor Tax Bill
$5,401
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Gig Harbor, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98329 | $1,411 | $3,035 | $3,992 | $5,335 | $7,130 |
| 98332 | $2,479 | $4,478 | $5,681 | $7,667 | $10,148 |
| 98335 | $3,638 | $4,604 | $5,818 | $7,892 | $11,351 |
Source: Ownwell
$1,148
Average Gig Harbor 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 | |
|---|---|
| Pierce Tax Assessor | |
| Phone | (253) 798-6111 |
| Website | atip.piercecountywa.gov |
| pcatr@piercecountywa.gov | |
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