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
$1,102
Average Tax Savings
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.
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
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98092 | N/A | N/A | N/A | N/A | N/A |
98466 | 1.04% | 1.09% | 1.09% | 1.10% | 1.11% |
98467 | 1.03% | 1.04% | 1.09% | 1.10% | 1.17% |
98499 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average University Place Tax Savings
Save on your property taxes & more with 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

$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
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98092 | N/A | N/A | N/A | N/A | N/A |
98466 | $417,620 | $489,800 | $563,100 | $680,800 | $943,360 |
98467 | $411,310 | $513,450 | $585,000 | $673,300 | $806,690 |
98499 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average University Place Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across University Place, Pierce County, Washington
Property Tax Bills Across University Place, Pierce County, Washington
Source: Ownwell

$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
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98092 | N/A | N/A | N/A | N/A | N/A |
98466 | $4,148 | $5,277 | $6,105 | $7,329 | $10,211 |
98467 | $4,456 | $5,495 | $6,247 | $7,236 | $8,663 |
98499 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average University Place Tax Savings
Save on your property taxes & more with Ownwell
Don't miss the deadline to appeal!
Dates | |
---|---|
Appeal Deadline | August 14 |
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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