Average Tax Assessment in King County
Real Estate Values and Property Tax Valuation in King County, Washington
King County has 633,042 properties with a total real estate value of $495.7B, making up 43.41% of all real estate value in Washington. Property taxes in King County totaled $4.8B, with an average homeowner paying $7,630 in property taxes compared to the state average of $4,796. The average property tax rate in King County is 0.97%, lower than the state average of 1.01%. Properties are valued for tax purposes based on their assessed value, which is typically lower than the market value.
The property tax timeline in Washington begins on January 1st when the property valuation date is set. Property value notices are issued from May to December and the property tax appeal deadline is July 1st or 30-60 days after the notice is issued. Finally, property tax bills are issued on February 14th.
Updated November 01, 2023
| Important Links | |
|---|---|
| King Appraisal District | (806) 596-4588 |
| TexasFile Clerk Records | - |
| King Auditor / Recorder | (206) 477-6620 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | May - December |
| Property Tax Appeal Deadline: | July 1st or 30-60 days after notice |
| Property Tax Bills Issued: | February 14th |
| Real Property Tax Bill Due (1st of #): | April 30th |
| Real Property Tax Bill Due (2nd of #): | October 31st |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Not Available |
| Veteran | Available |
| Charitable | Available |
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Real Estate Statistics in King County
Residential Property Taxes by Cities in King County
King County property taxes are among the highest in the state of Washington. In 2023, the total property taxes collected in King County are estimated to be $4.8 billion. The average property tax rate in King County is 0.97%, which is higher than the state average of 0.91%. This means that the average King County property tax bill is estimated to be $7,630.
Property tax rates vary across the cities in King County. The city with the highest effective property tax rate is Normandy Park, with a rate of 1.28%. On the other hand, the city with the lowest effective property tax rate is Mercer Island, with a rate of 0.73%. This shows that property taxes can vary significantly depending on where you live in King County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in King County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algona | $165,000 | $241,750 | $330,500 | $381,000 | $422,000 |
| Auburn | $281,000 | $352,000 | $430,000 | $522,000 | $642,000 |
| Bellevue | $423,000 | $714,000 | $971,000 | $1,350,000 | $1,904,000 |
| Black Diamond | $271,000 | $401,000 | $532,544 | $658,000 | $993,100 |
| Bothell | $320,000 | $410,000 | $679,000 | $829,000 | $1,013,900 |
| Burien | $318,000 | $404,000 | $485,000 | $618,000 | $866,000 |
| Carnation | $379,100 | $484,000 | $664,000 | $851,000 | $1,075,000 |
| Clyde Hill | $1,995,000 | $2,321,000 | $2,754,000 | $3,574,000 | $4,686,600 |
| Covington | $327,000 | $384,000 | $449,000 | $524,000 | $588,000 |
| Des Moines | $249,000 | $368,000 | $427,000 | $512,000 | $666,000 |
| Duvall | $351,060 | $510,000 | $640,000 | $766,000 | $874,000 |
| Enumclaw | $309,888 | $382,000 | $453,000 | $572,000 | $721,000 |
| Fall City | $344,000 | $526,000 | $747,000 | $1,023,000 | $1,350,000 |
| Federal Way | $213,000 | $348,000 | $420,000 | $492,000 | $586,000 |
| Issaquah | $350,000 | $522,000 | $771,000 | $1,016,000 | $1,266,000 |
| Kenmore | $415,000 | $591,000 | $716,000 | $867,000 | $1,013,000 |
| Kent | $270,000 | $376,000 | $453,000 | $536,000 | $643,000 |
| Kirkland | $341,900 | $611,000 | $793,000 | $1,143,000 | $1,635,400 |
| Lake Forest Park | $484,000 | $615,000 | $726,000 | $871,000 | $1,093,000 |
| Maple Valley | $379,000 | $454,000 | $542,000 | $667,000 | $812,000 |
| Medina | $1,805,000 | $2,205,500 | $2,970,000 | $4,350,000 | $8,126,400 |
| Mercer Island | $883,200 | $1,215,000 | $1,505,000 | $2,011,000 | $3,008,900 |
| Milton | $342,000 | $374,500 | $406,000 | $447,000 | $559,000 |
| Newcastle | $462,000 | $683,000 | $867,000 | $1,070,000 | $1,387,400 |
| Normandy Park | $493,000 | $624,000 | $741,000 | $911,000 | $1,168,000 |
| North Bend | $369,000 | $477,000 | $634,000 | $811,500 | $969,000 |
| Pacific | $240,000 | $314,000 | $364,000 | $406,000 | $450,400 |
| Ravensdale | $265,500 | $372,000 | $534,000 | $750,250 | $1,064,744 |
| Redmond | $433,000 | $679,000 | $902,000 | $1,144,000 | $1,378,000 |
| Renton | $296,000 | $418,000 | $521,000 | $642,000 | $802,000 |
| Sammamish | $604,000 | $839,000 | $1,016,000 | $1,256,000 | $1,512,300 |
| Seatac | $267,000 | $349,000 | $408,000 | $469,000 | $572,000 |
| Seattle | $372,000 | $510,000 | $690,000 | $913,000 | $1,249,000 |
| Shoreline | $390,000 | $512,000 | $608,000 | $717,000 | $915,000 |
| Skykomish | $103,000 | $161,000 | $230,000 | $290,000 | $363,000 |
| Snoqualmie | $409,000 | $565,000 | $721,000 | $882,000 | $1,020,000 |
| Tukwila | $221,000 | $297,000 | $403,000 | $497,000 | $591,000 |
| Vashon | $365,000 | $521,000 | $665,000 | $834,000 | $1,057,000 |
| Woodinville | $504,000 | $685,000 | $871,000 | $1,118,000 | $1,395,000 |
| Yarrow Point | $1,955,600 | $2,302,250 | $2,874,500 | $4,302,500 | $7,968,000 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in King County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algona | $2,104 | $3,012 | $4,212 | $4,881 | $5,405 |
| Auburn | $3,306 | $4,553 | $5,575 | $6,806 | $8,238 |
| Bellevue | $3,265 | $5,807 | $8,050 | $11,334 | $15,902 |
| Black Diamond | $2,562 | $4,033 | $5,230 | $6,835 | $11,229 |
| Bothell | $3,112 | $4,332 | $7,287 | $8,854 | $10,816 |
| Burien | $3,221 | $4,956 | $5,978 | $7,600 | $10,623 |
| Carnation | $3,893 | $5,130 | $7,134 | $9,271 | $12,158 |
| Clyde Hill | $15,175 | $17,941 | $21,303 | $27,640 | $36,239 |
| Covington | $3,976 | $4,656 | $5,384 | $6,272 | $7,001 |
| Des Moines | $2,697 | $4,520 | $5,462 | $6,548 | $8,441 |
| Duvall | $3,954 | $5,662 | $7,067 | $8,413 | $9,630 |
| Enumclaw | $3,019 | $3,865 | $4,627 | $6,160 | $7,793 |
| Fall City | $3,794 | $6,512 | $9,293 | $12,675 | $16,431 |
| Federal Way | $2,227 | $3,880 | $4,780 | $5,598 | $6,711 |
| Issaquah | $3,188 | $4,843 | $7,708 | $9,903 | $12,182 |
| Kenmore | $3,820 | $6,577 | $7,992 | $9,561 | $11,071 |
| Kent | $2,946 | $4,400 | $5,384 | $6,413 | $7,829 |
| Kirkland | $2,976 | $5,430 | $7,149 | $10,189 | $14,475 |
| Lake Forest Park | $4,542 | $6,804 | $7,997 | $9,529 | $11,857 |
| Maple Valley | $4,320 | $5,206 | $6,180 | $7,686 | $9,431 |
| Medina | $14,595 | $17,938 | $24,177 | $35,403 | $66,123 |
| Mercer Island | $5,104 | $8,929 | $11,070 | $14,807 | $22,144 |
| Milton | $4,150 | $4,582 | $4,977 | $5,495 | $6,741 |
| Newcastle | $4,107 | $7,089 | $8,987 | $10,873 | $13,988 |
| Normandy Park | $6,286 | $8,070 | $9,667 | $11,838 | $15,148 |
| North Bend | $3,732 | $5,835 | $7,323 | $9,388 | $11,034 |
| Pacific | $2,578 | $3,924 | $4,630 | $5,167 | $5,728 |
| Ravensdale | $2,881 | $4,117 | $5,963 | $8,587 | $12,427 |
| Redmond | $3,606 | $6,087 | $8,393 | $10,663 | $12,998 |
| Renton | $3,002 | $4,668 | $6,082 | $7,528 | $9,149 |
| Sammamish | $5,776 | $8,315 | $9,995 | $12,452 | $14,857 |
| Seatac | $2,386 | $4,193 | $4,979 | $5,772 | $7,010 |
| Seattle | $3,272 | $5,007 | $6,645 | $8,633 | $11,643 |
| Shoreline | $3,313 | $5,855 | $7,035 | $8,244 | $10,393 |
| Skykomish | $952 | $1,418 | $2,169 | $2,716 | $3,324 |
| Snoqualmie | $4,583 | $6,481 | $8,145 | $9,964 | $11,538 |
| Tukwila | $2,034 | $3,342 | $4,997 | $6,170 | $7,367 |
| Vashon | $3,452 | $5,966 | $7,713 | $9,652 | $12,181 |
| Woodinville | $5,283 | $7,446 | $9,471 | $12,091 | $14,910 |
| Yarrow Point | $14,075 | $17,027 | $21,356 | $32,094 | $59,288 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algona | 1.28% | 1.25% | 1.27% | 1.28% | 1.28% |
| Auburn | 1.18% | 1.29% | 1.30% | 1.30% | 1.28% |
| Bellevue | 0.77% | 0.81% | 0.83% | 0.84% | 0.84% |
| Black Diamond | 0.95% | 1.01% | 0.98% | 1.04% | 1.13% |
| Bothell | 0.97% | 1.06% | 1.07% | 1.07% | 1.07% |
| Burien | 1.01% | 1.23% | 1.23% | 1.23% | 1.23% |
| Carnation | 1.03% | 1.06% | 1.07% | 1.09% | 1.13% |
| Clyde Hill | 0.76% | 0.77% | 0.77% | 0.77% | 0.77% |
| Covington | 1.22% | 1.21% | 1.20% | 1.20% | 1.19% |
| Des Moines | 1.08% | 1.23% | 1.28% | 1.28% | 1.27% |
| Duvall | 1.13% | 1.11% | 1.10% | 1.10% | 1.10% |
| Enumclaw | 0.97% | 1.01% | 1.02% | 1.08% | 1.08% |
| Fall City | 1.10% | 1.24% | 1.24% | 1.24% | 1.22% |
| Federal Way | 1.05% | 1.11% | 1.14% | 1.14% | 1.15% |
| Issaquah | 0.91% | 0.93% | 1.00% | 0.97% | 0.96% |
| Kenmore | 0.92% | 1.11% | 1.12% | 1.10% | 1.09% |
| Kent | 1.09% | 1.17% | 1.19% | 1.20% | 1.22% |
| Kirkland | 0.87% | 0.89% | 0.90% | 0.89% | 0.89% |
| Lake Forest Park | 0.94% | 1.11% | 1.10% | 1.09% | 1.08% |
| Maple Valley | 1.14% | 1.15% | 1.14% | 1.15% | 1.16% |
| Medina | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
| Mercer Island | 0.58% | 0.73% | 0.74% | 0.74% | 0.74% |
| Milton | 1.21% | 1.22% | 1.23% | 1.23% | 1.21% |
| Newcastle | 0.89% | 1.04% | 1.04% | 1.02% | 1.01% |
| Normandy Park | 1.28% | 1.29% | 1.30% | 1.30% | 1.30% |
| North Bend | 1.01% | 1.22% | 1.16% | 1.16% | 1.14% |
| Pacific | 1.07% | 1.25% | 1.27% | 1.27% | 1.27% |
| Ravensdale | 1.09% | 1.11% | 1.12% | 1.14% | 1.17% |
| Redmond | 0.83% | 0.90% | 0.93% | 0.93% | 0.94% |
| Renton | 1.01% | 1.12% | 1.17% | 1.17% | 1.14% |
| Sammamish | 0.96% | 0.99% | 0.98% | 0.99% | 0.98% |
| Seatac | 0.89% | 1.20% | 1.22% | 1.23% | 1.23% |
| Seattle | 0.88% | 0.98% | 0.96% | 0.95% | 0.93% |
| Shoreline | 0.85% | 1.14% | 1.16% | 1.15% | 1.14% |
| Skykomish | 0.92% | 0.88% | 0.94% | 0.94% | 0.92% |
| Snoqualmie | 1.12% | 1.15% | 1.13% | 1.13% | 1.13% |
| Tukwila | 0.92% | 1.13% | 1.24% | 1.24% | 1.25% |
| Vashon | 0.95% | 1.15% | 1.16% | 1.16% | 1.15% |
| Woodinville | 1.05% | 1.09% | 1.09% | 1.08% | 1.07% |
| Yarrow Point | 0.72% | 0.74% | 0.74% | 0.75% | 0.74% |
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Real Estate Values in King County
The median home price in King County, Washington has increased by 3.30% from October 2022 to October 2023, from $793.8K to $819.9K. This is despite a decrease in home inventory from 5.1K in October 2022 to 3.8K in October 2023. This suggests that demand for homes in King County is increasing, leading to an increase in home prices.
Average Home Value in King County, Washington
Last updated: November 2023
Percent Change in Total Home Sales in King County
Last updated: November 2023
Percent Change in New Home Listings in King County
Last updated: November 2023
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Mortgage Rates in King County
Mortgages in King County are a major source of financing for homeowners. According to recent statistics, the total outstanding loan amount across home mortgages in King County is $150.6 billion, with 415.4 thousand outstanding loans. This represents a significant portion of the total home value in the county. The median mortgage rate in King County varies across cities, with Tukwila having the highest median mortgage rate at 4.62%, and Black Diamond having the lowest at 3.87%. This variation in rates across cities can be beneficial for homeowners, as they can shop around for the best rate and save money on their mortgage payments. Overall, mortgages in King County are a major source of financing for homeowners, and the variation in rates across cities provides an opportunity for homeowners to save money on their mortgage payments.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in King County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algona | $38,277 | $77,617 | $154,784 | $281,267 | $377,450 |
| Auburn | $58,547 | $116,379 | $218,367 | $349,766 | $477,371 |
| Bellevue | $74,327 | $153,984 | $316,190 | $591,535 | $999,494 |
| Black Diamond | $79,888 | $182,077 | $377,667 | $506,484 | $652,481 |
| Bothell | $74,188 | $138,014 | $268,599 | $462,807 | $683,433 |
| Burien | $53,391 | $108,865 | $217,504 | $379,200 | $533,182 |
| Carnation | $67,425 | $143,210 | $307,617 | $509,716 | $700,953 |
| Clyde Hill | $138,728 | $379,103 | $829,283 | $1,580,767 | $2,361,044 |
| Covington | $65,228 | $123,158 | $228,049 | $366,054 | $500,353 |
| Des Moines | $50,033 | $102,889 | $195,150 | $334,974 | $480,545 |
| Duvall | $85,058 | $159,429 | $290,958 | $478,045 | $642,150 |
| Enumclaw | $60,908 | $129,861 | $247,329 | $383,757 | $509,460 |
| Fall City | $68,288 | $158,964 | $322,405 | $575,216 | $917,324 |
| Federal Way | $50,853 | $99,299 | $187,282 | $313,583 | $447,992 |
| Issaquah | $96,753 | $181,073 | $328,062 | $543,534 | $763,043 |
| Kenmore | $79,684 | $158,775 | $289,717 | $479,251 | $667,222 |
| Kent | $58,003 | $111,559 | $201,638 | $334,448 | $475,030 |
| Kirkland | $74,690 | $152,489 | $311,306 | $573,950 | $932,280 |
| Lake Forest Park | $68,537 | $139,599 | $290,599 | $485,743 | $694,256 |
| Maple Valley | $85,816 | $160,871 | $280,101 | $439,720 | $606,423 |
| Medina | $155,478 | $378,972 | $817,988 | $1,564,564 | $2,784,523 |
| Mercer Island | $106,639 | $254,214 | $500,555 | $923,041 | $1,488,219 |
| Milton | $57,385 | $121,515 | $199,649 | $340,473 | $463,029 |
| Newcastle | $83,546 | $174,714 | $331,854 | $566,079 | $817,796 |
| Normandy Park | $72,576 | $164,916 | $311,615 | $505,620 | $701,944 |
| North Bend | $74,840 | $161,524 | $326,830 | $533,461 | $714,026 |
| Pacific | $56,926 | $106,653 | $181,232 | $295,701 | $420,522 |
| Ravensdale | $51,814 | $124,159 | $264,924 | $472,945 | $700,327 |
| Redmond | $87,711 | $172,115 | $322,841 | $532,016 | $813,877 |
| Renton | $61,504 | $121,984 | $226,090 | $375,743 | $546,036 |
| Sammamish | $106,119 | $200,780 | $381,522 | $637,698 | $946,819 |
| Seatac | $47,361 | $95,389 | $172,030 | $299,019 | $429,495 |
| Seattle | $72,214 | $150,526 | $296,720 | $508,407 | $711,567 |
| Shoreline | $55,255 | $113,948 | $225,883 | $414,651 | $595,597 |
| Skykomish | $26,631 | $72,405 | $143,121 | $251,910 | $315,356 |
| Snoqualmie | $130,169 | $227,153 | $359,785 | $534,558 | $707,905 |
| Tukwila | $43,303 | $92,119 | $170,044 | $295,845 | $437,820 |
| Vashon | $54,124 | $121,981 | $241,410 | $408,329 | $582,118 |
| Woodinville | $78,464 | $169,856 | $337,168 | $581,898 | $859,390 |
| Yarrow Point | $158,187 | $419,486 | $760,472 | $1,344,103 | $2,247,066 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across King County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Algona | 3.01% | 3.70% | 4.50% | 6.25% | 7.36% |
| Auburn | 3.00% | 3.61% | 4.37% | 6.04% | 7.15% |
| Bellevue | 2.90% | 3.50% | 4.33% | 6.11% | 7.15% |
| Black Diamond | 2.80% | 3.10% | 3.87% | 5.45% | 6.98% |
| Bothell | 2.98% | 3.58% | 4.27% | 5.96% | 7.08% |
| Burien | 3.00% | 3.70% | 4.40% | 6.27% | 7.37% |
| Carnation | 3.00% | 3.58% | 4.28% | 6.07% | 7.21% |
| Clyde Hill | 2.70% | 3.25% | 4.07% | 5.60% | 6.90% |
| Covington | 3.00% | 3.60% | 4.40% | 5.95% | 7.11% |
| Des Moines | 2.99% | 3.63% | 4.40% | 6.22% | 7.37% |
| Duvall | 2.90% | 3.50% | 4.18% | 5.89% | 7.13% |
| Enumclaw | 2.90% | 3.59% | 4.30% | 6.03% | 7.17% |
| Fall City | 3.00% | 3.60% | 4.25% | 6.09% | 7.33% |
| Federal Way | 3.00% | 3.70% | 4.50% | 6.29% | 7.38% |
| Issaquah | 2.90% | 3.48% | 4.08% | 5.59% | 6.70% |
| Kenmore | 2.92% | 3.58% | 4.21% | 5.77% | 7.00% |
| Kent | 3.00% | 3.69% | 4.50% | 6.21% | 7.25% |
| Kirkland | 2.90% | 3.48% | 4.15% | 5.88% | 7.08% |
| Lake Forest Park | 3.01% | 3.66% | 4.40% | 6.17% | 7.25% |
| Maple Valley | 2.90% | 3.57% | 4.22% | 5.76% | 6.98% |
| Medina | 2.75% | 3.22% | 4.12% | 6.00% | 7.13% |
| Mercer Island | 2.90% | 3.49% | 4.18% | 6.00% | 7.11% |
| Milton | 2.90% | 3.50% | 4.50% | 6.12% | 7.18% |
| Newcastle | 2.90% | 3.50% | 4.27% | 5.99% | 7.13% |
| Normandy Park | 3.01% | 3.65% | 4.32% | 6.17% | 7.25% |
| North Bend | 2.90% | 3.50% | 4.12% | 5.83% | 7.17% |
| Pacific | 2.99% | 3.63% | 4.47% | 6.04% | 7.15% |
| Ravensdale | 3.00% | 3.71% | 4.42% | 6.21% | 7.48% |
| Redmond | 2.90% | 3.40% | 4.13% | 5.80% | 6.98% |
| Renton | 3.00% | 3.64% | 4.40% | 6.09% | 7.14% |
| Sammamish | 2.87% | 3.37% | 4.10% | 5.76% | 6.99% |
| Seatac | 3.07% | 3.73% | 4.50% | 6.31% | 7.36% |
| Seattle | 2.93% | 3.58% | 4.30% | 6.00% | 7.12% |
| Shoreline | 3.05% | 3.70% | 4.50% | 6.30% | 7.38% |
| Skykomish | 3.00% | 3.75% | 4.38% | 6.20% | 7.91% |
| Snoqualmie | 3.00% | 3.50% | 4.09% | 5.25% | 6.36% |
| Tukwila | 3.00% | 3.72% | 4.62% | 6.36% | 7.50% |
| Vashon | 3.20% | 3.74% | 4.55% | 6.50% | 7.58% |
| Woodinville | 3.00% | 3.60% | 4.32% | 6.07% | 7.20% |
| Yarrow Point | 2.83% | 3.30% | 4.06% | 6.12% | 7.12% |
Housing Expenses in King County, Washington
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