Home
/US Property Taxes
/Washington
/Pierce County
/Lakebay

Lakebay, Pierce County, Washington Property Taxes

  • Median Lakebay, WA effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Lakebay, WA home value: $402,850

  • Median annual Lakebay, WA tax bill: $3,143, $743 higher than the national median property tax bill of $2,400.

How are property taxes in Pierce County calculated?

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

Last Updated March 1, 2025

Lakebay, Pierce County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$3,263

$3,028

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Lakebay, Pierce 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.

In Lakebay in Pierce County, Washington, the effective property tax rate is 0.81%. This rate is in line with both the highest and lowest median tax rates within the region, as Lakebay shares the same rate across the board. When comparing this to the national median property tax rate of 1.02%, Lakebay's rate is notably lower, offering residents a more favorable tax situation. However, it's crucial for property owners to stay informed about potential changes in tax rates and to explore any available exemptions or appeal opportunities. By understanding how these rates are determined and their impact on your finances, you can make more informed decisions regarding your property investments.

Property Tax Rates Across Lakebay, Pierce County, Washington

Source: Ownwell

Loading...

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 Lakebay Tax Rate

0.81%

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 Lakebay, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
983490.65%0.76%0.81%0.85%0.89%

Source: Ownwell

Property Tax Assessment Values Across Lakebay, Pierce County, Washington

When examining property taxes in Lakebay, 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 May. 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 Lakebay. For example, the median home price in Lakebay is $402,850, with tax bills ranging significantly across the county. Zip code 98349 has the highest median home price at $402,850.

Property Tax Assessment Values Across Lakebay, Pierce County, Washington

Source: Ownwell

Loading...

$25,000

$463,925

$902,850

Median Lakebay Market Value

$402,850

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 Lakebay, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98349$134,060$270,475$402,850$564,875$803,260

Source: Ownwell

Property Tax Bills Across Lakebay, Pierce County, Washington

In Lakebay, Pierce County, WA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in the area is $402,850. Homeowners in Lakebay can expect property tax bills that vary significantly, with the 25th percentile at $1,842 and the 75th percentile reaching $4,410. The highest median tax bill in the region is $3,143, which is notably below the national median of $2,400. Factors such as the assessed value of the property and the local tax rate play crucial roles in determining the final tax bill. These factors can significantly impact homeowners, potentially leading to financial strain if property values increase. Ownwell offers a solution by providing property tax appeal and exemption services that help homeowners reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in Lakebay in achieving more equitable tax bills, ultimately leading to potential savings and financial relief.

Property Tax Bills Across Lakebay, Pierce County, Washington

Source: Ownwell

Loading...

$144

$3,927

$7,710

Median Lakebay Tax Bill

$3,143

Median Pierce County Tax Bill

$4,693

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakebay, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98349$682$1,842$3,143$4,410$6,358

Source: Ownwell

Don't miss the deadline to appeal!