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University Place, Pierce County, Washington Property Taxes

  • Median University Place, WA effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, but lower than the Washington state median of 0.88%.

  • Median University Place, WA home value: $574,950

  • Median annual University Place, WA tax bill: $6,178, $3,778 higher than the national median property tax bill of $2,400.

How are property taxes in Pierce County calculated?

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

Last Updated March 1, 2025

University Place, Pierce County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$6,267

$5,816

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s University Place Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in University Place with just two data points. By entering your property's estimated assessed value, our calculator applies University Place’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 University Place, Pierce County, Washington

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential services and then divides that amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In University Place, located in Pierce County, the effective property tax rate provides a point of comparison to other cities in Washington and the U.S. The median property tax rate in Washington is slightly above the national median of 1.02%, reflecting the state’s unique approach to property taxation. University Place’s rate aligns with the county's highest and lowest median tax rates, showcasing a consistent approach within the area. By understanding these rates, property owners can better anticipate their tax liabilities and identify opportunities for appeals or exemptions. This insight is crucial for making informed decisions about property ownership and investment in the region.

Property Tax Rates Across University Place, 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 University Place Tax Rate

1.09%

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 University Place, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
984661.04%1.09%1.09%1.10%1.11%
984671.03%1.04%1.09%1.10%1.17%
98092N/AN/AN/AN/AN/A
98499N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across University Place, Pierce County, Washington

When examining property taxes in University Place, 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 University Place.

For example, the median home price in University Place is $574,950, with tax bills ranging significantly across the county. The 98467 zip code has the highest median home price at $585,000.

Property Tax Assessment Values Across University Place, Pierce County, Washington

Source: Ownwell

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$25,000

$463,925

$902,850

Median University Place Market Value

$574,950

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 University Place, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98466$417,620$489,800$563,100$680,800$943,360
98467$411,310$513,450$585,000$673,300$806,690
98092N/AN/AN/AN/AN/A
98499N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across University Place, Pierce County, Washington

In University Place, located in Pierce County, WA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $574,950, which significantly influences the tax bill calculation. Homeowners in University Place can expect tax bills that vary widely, with the 25th percentile at $5,392 and the 75th percentile reaching $7,258. For those in the 90th percentile, tax bills can climb to $9,151. Notably, the highest median tax bill in the area is $6,247 in the 98467 zip code, while the lowest is $6,105 in the 98466 zip code. These figures are above the national median property tax bill of $2,400, reflecting the region's higher property values. Homeowners facing such high tax bills can benefit from Ownwell's property tax appeal services. By reviewing assessments and identifying potential exemptions, Ownwell helps clients reduce their tax burden, ensuring they pay only what is fair and accurate.

Property Tax Bills Across University Place, Pierce County, Washington

Source: Ownwell

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$144

$3,927

$7,710

Median University Place Tax Bill

$6,178

Median Pierce County Tax Bill

$4,693

Median Washington Tax Bill

$4,284

Median United States Tax Bill

$2,400

Property Tax Bills Across University Place, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98466$4,148$5,277$6,105$7,329$10,211
98467$4,456$5,495$6,247$7,236$8,663
98092N/AN/AN/AN/AN/A
98499N/AN/AN/AN/AN/A

Source: Ownwell

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