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Lake Tapps, Pierce County, Washington Property Taxes

  • Median Lake Tapps, WA effective property tax rate: 0.97%, slightly lower than the national median of 1.02%, but higher than the Washington state median of 0.88%.

  • Median Lake Tapps, WA home value: $690,200

  • Median annual Lake Tapps, WA tax bill: $6,759, $4,359 higher than the national median property tax bill of $2,400.

How are property taxes in Pierce County calculated?

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

Last Updated March 1, 2025

Lake Tapps, Pierce County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$6,695

$6,213

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lake Tapps Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Tapps with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Tapps’ 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 Pierce County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Tapps, Pierce County, Washington

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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. Below, you can compare Lake Tapps’s effective property tax rate to other cities in Washington and the median property tax rates in Washington and the U.S.

Property Tax Rates Across Lake Tapps, Pierce County, Washington

Source: Ownwell

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0.67%

1.05%

1.43%

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 Lake Tapps Tax Rate

0.97%

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 Pierce County Tax Rate

1.02%

Median Effective Washington Tax Rate

0.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Tapps, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
983910.81%0.92%0.97%1.04%1.10%

Source: Ownwell

Property Tax Assessment Values Across Lake Tapps, Pierce County, Washington

When examining property taxes in Lake Tapps, 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 Pierce 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 Pierce 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 Lake Tapps. For example, the median home price in Lake Tapps is $690,200, with tax bills ranging significantly across the county. Zip code 98391 has the highest median home price at $690,200.

Property Tax Assessment Values Across Lake Tapps, Pierce County, Washington

Source: Ownwell

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$25,000

$463,925

$902,850

Median Lake Tapps Market Value

$690,200

Median Pierce County Market Value

$465,900

Median Washington Market Value

$482,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Tapps, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98391$398,500$524,900$690,200$1,015,300$1,487,580

Source: Ownwell

Property Tax Bills Across Lake Tapps, Pierce County, Washington

In Lake Tapps, located in Pierce County, WA, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. Pierce County's property tax rate is notably higher than the national median of 1.02%, leading to a substantial impact on homeowners. With a median home price of $690,200, property taxes can be a significant expense. For instance, the 25th percentile tax bill stands at $5,236, while the 75th percentile reaches $9,540, and the 90th percentile hits $13,615. These figures highlight the financial burden that property taxes can impose on homeowners in Lake Tapps.

Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing the assessed value of a property and comparing it with market trends, Ownwell identifies opportunities for appeals, ensuring homeowners pay only their fair share. This service not only alleviates the financial strain but also empowers homeowners with knowledge and support to navigate the complex property tax landscape.

Property Tax Bills Across Lake Tapps, Pierce County, Washington

Source: Ownwell

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$144

$3,927

$7,710

Median Lake Tapps Tax Bill

$6,759

Median Pierce County Tax Bill

$4,693

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Tapps, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98391$3,804$5,236$6,759$9,540$13,615

Source: Ownwell

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