Steilacoom, Washington Property Taxes
The median property tax rate in Steilacoom, WA is 0.84%, slightly lower than the Washington state median of 0.88% but still below the national median of 0.99%. With a median home value of $534,900, the typical annual property tax bill in Steilacoom reaches $4,392, significantly higher than the national median of $2,690. Property taxes in Steilacoom are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Steilacoom'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 Steilacoom or another part of Pierce County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Steilacoom, Washington Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$4,493
$4,170
$1,148
Average Tax Savings
Ownwell’s Steilacoom Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Steilacoom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Steilacoom 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 Steilacoom. 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 Steilacoom, Washington
Property taxes in Steilacoom, Washington, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Steilacoom is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Steilacoom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Steilacoom 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 Steilacoom's effective property tax rate to other areas in Pierce County and the national median. For comparison, the zip code 98388 has the highest and lowest median property tax rate of 0.84%. Understanding how these areas compare with Steilacoom 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 Steilacoom Tax Rate
0.84%
Average Pierce County Tax Rate
1.02%
Average Washington Tax Rate
0.88%
Average United States Tax Rate
0.99%
Property Tax Rates Across Steilacoom, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98388 | 0.76% | 0.82% | 0.84% | 0.88% | 0.88% |
Source: Ownwell
$1,148
Average Steilacoom Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Steilacoom, Washington
In Steilacoom, Washington, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is 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 Appraisal District 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 Steilacoom, 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. By understanding the distinction between 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 in Steilacoom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Steilacoom are both $4,392, found in the 98388 zip code.
Property Tax Assessment Values Across Steilacoom, Washington
Source: Ownwell
$21,400
$1,254,100
$2,486,800
Average Steilacoom Assessed Value
$534,900
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 Steilacoom, Washington
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98388 | $325,120 | $409,300 | $534,900 | $746,700 | $965,380 |
Source: Ownwell
$1,148
Average Steilacoom Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Steilacoom, Washington
In Steilacoom, Pierce County, WA, property tax bills are calculated based on the assessed value of your home, which is determined by the Pierce County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. Homeowners in Steilacoom face a median home price of $534,900, with property tax bills ranging from $3,410 at the 25th percentile to $7,898 at the 90th percentile. The highest and lowest median tax bills in the area both stand at $4,392, reflecting the consistent tax rate across different properties. Several factors influence your tax bill, including property size, location, and any improvements made to the home. Higher property values typically result in higher tax bills, which can place a financial burden on homeowners. Ownwell can help homeowners in Steilacoom save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to market trends, Ownwell can identify discrepancies and help you file an appeal, potentially lowering your tax bill and saving you money.
Average Steilacoom Tax Bill
$4,392
Average Pierce County Tax Bill
$4,693
Average Washington Tax Bill
$4,284
Average United States Tax Bill
$2,690
Property Tax Bills Across Steilacoom, Washington
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98388 | $1,939 | $3,410 | $4,392 | $6,116 | $7,898 |
Source: Ownwell
$1,148
Average Steilacoom 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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