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Steilacoom, Pierce County, Washington Property Taxes

  • Median Steilacoom, WA effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median Steilacoom, WA home value: $534,900

  • Median annual Steilacoom, WA tax bill: $4,392, $1,992 higher than the national median property tax bill of $2,400.

How are property taxes in Pierce calculated?

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

Last Updated March 1, 2025

Steilacoom, Pierce County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$4,493

$4,170

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Steilacoom Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Steilacoom with just two data points. By entering your property's estimated assessed value, our calculator applies Steilacoom’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 Steilacoom, 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 Steilacoom in Pierce County, WA, the effective property tax rate stands out compared to other cities in Washington and the U.S. The median property tax rate in Steilacoom is 0.84%, which is lower than the national median property tax rate of 1.02%. This can represent significant savings for homeowners when compared to the national average. The consistency in the tax rate across the region ensures predictability for property owners. Understanding these rates is crucial for homeowners looking to manage their property tax obligations effectively.

Property Tax Rates Across Steilacoom, 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 Steilacoom Tax Rate

0.84%

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 Steilacoom, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
983880.76%0.82%0.84%0.88%0.88%

Source: Ownwell

Property Tax Assessment Values Across Steilacoom, Pierce County, Washington

When examining property taxes in Steilacoom, 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 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 Steilacoom.

For example, the median home price in Steilacoom is $534,900, with tax bills ranging significantly across the county. 98388 has the highest median home price at $534,900.

Property Tax Assessment Values Across Steilacoom, Pierce County, Washington

Source: Ownwell

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$25,000

$463,925

$902,850

Median Steilacoom Market Value

$534,900

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 Steilacoom, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98388$325,120$409,300$534,900$746,700$965,380

Source: Ownwell

Property Tax Bills Across Steilacoom, Pierce County, Washington

In Steilacoom, located in Pierce County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. Factors such as property size, location, and market trends are considered to estimate this value. Homeowners in Steilacoom face a median property tax bill of $4,392, which is significantly higher than the national median of $2,400. This means that property taxes can be a considerable expense for homeowners in this area, potentially impacting their financial planning and homeownership costs.

Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell helps homeowners reduce their tax burden. This service can lead to substantial savings, especially for those whose tax bills fall within the higher percentiles, such as the 75th percentile at $6,116 or the 90th percentile at $7,898. With Ownwell's expertise, homeowners can ensure they are not overpaying on their property taxes, aligning their tax bills more closely with their property's true assessed value.

Property Tax Bills Across Steilacoom, Pierce County, Washington

Source: Ownwell

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$144

$3,927

$7,710

Median Steilacoom Tax Bill

$4,392

Median Pierce County Tax Bill

$4,693

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across Steilacoom, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98388$1,939$3,410$4,392$6,116$7,898

Source: Ownwell

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