Black Diamond, Washington Property Taxes
Real Estate Values and Property Tax Valuation in Black Diamond, Washington
Black Diamond is home to 2,644 properties with a cumulative value of $1.5B. Property taxes in Black Diamond totaled $16.1M, with an average homeowner paying $6,083 in taxes. The average property tax rate in Black Diamond is 1.04%, slightly higher than the county average of 0.97%. Properties are typically valued for tax purposes based on their 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 | |
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King Appraisal District | (806) 596-4588 |
TexasFile Clerk Records | - |
King Auditor / Recorder | (206) 477-6620 |
Important Dates | |
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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 | |
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Senior | Available |
Disabled | Available |
Homestead | Not Available |
Veteran | Available |
Charitable | Available |
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Real Estate Statistics in Black Diamond, Washington
Residential Property Tax by ZIP code in Black Diamond, Washington
Black Diamond is located in King County, Washington and has an average property tax rate of 1.04%. This rate is slightly higher than the average King County property tax rate of 0.97%. Property tax rates in Black Diamond vary across ZIP codes, with the highest effective property tax rate being 1.04% in the 98010 ZIP code. The lowest effective property tax rate in Black Diamond is not specified. This variation in property tax rates is due to differences in home values across ZIP codes.
Overall, Black Diamond has a slightly higher property tax rate than the rest of King County. However, the rates vary across ZIP codes, with some areas having higher rates than the average. This variation is due to differences in home values across ZIP codes. Homeowners in Black Diamond should be aware of the property tax rates in their area and how they compare to the rest of King County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Black Diamond, Washington. 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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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98010 | $271,100 | $401,000 | $533,000 | $658,000 | $995,800 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Black Diamond, Washington.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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98010 | $2,562 | $4,039 | $5,230 | $6,859 | $11,235 |
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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
98010 | 0.95% | 1.01% | 0.98% | 1.04% | 1.13% |
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Real Estate Values in Black Diamond, Washington
Average Home Value in Black Diamond, Washington
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Black Diamond, Washington
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for West region
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