Real Estate Values and Property Tax Valuation in Seattle, Washington

The city of Seattle has 214,240 properties with a total real estate value of $171.7B, making up 34.63% of all real estate value in King County. Property taxes in Seattle totaled $1.6B across these properties, with an average homeowner paying $7,492 in property taxes compared to the county average of $7,630. The average property tax rate in Seattle is 0.94% while the county average is 0.97%. Property taxes are based on the assessed value of the property, 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.

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
SeniorAvailable
DisabledAvailable
HomesteadNot Available
VeteranAvailable
CharitableAvailable

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Ownwell will evaluate your property tax assessment, build a case, and file an appeal. With our Savings-or-Free guarantee, only pay 25% of your property tax bill savings!

Real Estate Statistics in Seattle, Washington

Total Real Estate Value
$171.7B
Total Real Property Taxes
$1.6B
Average Property Tax Rate
0.94%
# of Real Properties
214,240

Residential Property Tax by ZIP code in Seattle, Washington

Seattle property taxes are relatively low compared to the rest of King County. The average property tax rate in Seattle is 0.94%, while the average King County property tax rate is 0.97%. This means that Seattle residents pay slightly less in property taxes than the rest of the county.

Property tax rates in Seattle vary across ZIP codes. The ZIP code with the highest effective property tax rate is 98168, with a rate of 1.22%, while the ZIP code with the lowest effective property tax rate is 98101, with a rate of 0.83%. These differences in property tax rates are due to differences in home values across ZIP codes. For example, homes in 98168 tend to be more expensive than homes in 98101, resulting in higher property taxes.

Tax Assessment Value

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Seattle, 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 Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
98101$288,600$378,000$560,500$807,500$1,326,900
98102$299,000$408,000$637,000$1,097,000$1,605,600
98103$423,000$610,000$778,000$955,000$1,190,000
98104$270,000$346,000$508,000$707,500$1,182,200
98105$540,200$746,000$947,000$1,315,000$1,906,800
98106$367,000$437,000$518,000$606,000$709,000
98107$409,000$635,000$782,000$937,000$1,137,000
98108$388,000$475,000$563,000$653,000$751,000
98109$338,940$438,000$668,000$1,064,000$1,469,000
98112$545,000$805,000$1,127,000$1,651,000$2,399,000
98115$488,000$685,000$821,000$1,007,000$1,308,000
98116$472,000$616,000$744,000$927,000$1,228,000
98117$594,000$691,000$804,000$960,000$1,180,000
98118$416,000$492,000$582,000$723,000$948,000
98119$354,000$542,000$893,000$1,190,000$1,603,600
98121$259,000$373,000$511,000$731,000$1,058,000
98122$365,000$547,000$758,000$960,000$1,289,900
98125$350,000$529,000$647,000$773,000$961,000
98126$379,000$484,000$597,000$726,000$893,200
98133$276,000$458,000$569,000$684,000$831,300
98136$451,000$573,000$701,000$892,000$1,148,000
98144$443,000$585,000$688,000$834,500$1,144,000
98146$347,000$417,000$495,000$598,000$747,000
98148$171,000$180,000$203,000$424,000$494,800
98168$243,000$355,000$419,000$476,000$541,000
98177$586,000$671,000$817,000$1,072,000$1,602,800
98178$333,000$395,000$481,000$578,000$710,000
98199$454,000$708,000$917,000$1,231,500$1,655,000

Property Tax Bill

This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Seattle, Washington.

ZIP Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
98101$2,544$3,303$4,933$7,077$11,075
98102$2,540$3,654$5,675$10,045$14,585
98103$3,530$5,649$7,255$8,911$11,051
98104$2,325$3,065$4,503$6,253$10,291
98105$4,621$6,920$8,854$12,208$17,538
98106$3,427$4,370$5,215$6,122$7,210
98107$3,605$5,811$7,241$8,773$10,628
98108$3,538$4,597$5,498$6,354$7,237
98109$2,963$3,923$6,003$9,815$13,515
98112$4,621$7,301$10,402$15,117$21,934
98115$3,673$6,473$7,803$9,507$12,226
98116$3,992$5,789$7,069$8,765$11,519
98117$5,513$6,522$7,600$9,056$11,104
98118$3,856$4,835$5,710$6,963$9,096
98119$3,042$4,781$8,218$10,972$14,654
98121$2,253$3,313$4,536$6,480$9,333
98122$3,100$4,725$7,012$8,940$11,924
98125$2,734$5,172$6,405$7,617$9,395
98126$3,170$4,698$5,790$7,000$8,502
98133$2,417$4,199$5,634$6,751$8,135
98136$3,894$5,437$6,775$8,566$10,961
98144$3,400$5,425$6,473$7,803$10,670
98146$3,759$5,012$5,892$6,908$8,337
98148$2,030$2,119$2,480$5,305$6,118
98168$2,607$4,386$5,228$6,023$6,816
98177$5,675$6,584$7,985$10,389$15,287
98178$3,732$4,615$5,601$6,790$8,411
98199$3,771$6,670$8,667$11,556$15,368

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 Code10th Percentile25th PercentileMedian75th Percentile90th Percentile
98101 0.88% 0.87% 0.88% 0.88% 0.83%
98102 0.85% 0.90% 0.89% 0.92% 0.91%
98103 0.83% 0.93% 0.93% 0.93% 0.93%
98104 0.86% 0.89% 0.89% 0.88% 0.87%
98105 0.86% 0.93% 0.93% 0.93% 0.92%
98106 0.93% 1.00% 1.01% 1.01% 1.02%
98107 0.88% 0.92% 0.93% 0.94% 0.93%
98108 0.91% 0.97% 0.98% 0.97% 0.96%
98109 0.87% 0.90% 0.90% 0.92% 0.92%
98112 0.85% 0.91% 0.92% 0.92% 0.91%
98115 0.75% 0.94% 0.95% 0.94% 0.93%
98116 0.85% 0.94% 0.95% 0.95% 0.94%
98117 0.93% 0.94% 0.95% 0.94% 0.94%
98118 0.93% 0.98% 0.98% 0.96% 0.96%
98119 0.86% 0.88% 0.92% 0.92% 0.91%
98121 0.87% 0.89% 0.89% 0.89% 0.88%
98122 0.85% 0.86% 0.93% 0.93% 0.92%
98125 0.78% 0.98% 0.99% 0.99% 0.98%
98126 0.84% 0.97% 0.97% 0.96% 0.95%
98133 0.88% 0.92% 0.99% 0.99% 0.98%
98136 0.86% 0.95% 0.97% 0.96% 0.95%
98144 0.77% 0.93% 0.94% 0.94% 0.93%
98146 1.08% 1.20% 1.19% 1.16% 1.12%
98148 1.19% 1.18% 1.22% 1.25% 1.24%
98168 1.07% 1.24% 1.25% 1.27% 1.26%
98177 0.97% 0.98% 0.98% 0.97% 0.95%
98178 1.12% 1.17% 1.16% 1.17% 1.18%
98199 0.83% 0.94% 0.95% 0.94% 0.93%

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Real Estate Values in Seattle, Washington

Median Sale Price
$810.0K
Total Inventory
1221
% Change in Median Sale Price
-4.48%
12-month Change

Average Home Value in Seattle, Washington

Last updated: November 2023

Average home value over time in Seattle, Washington

Last updated: November 2023

Total unique home listings in Seattle, Washington

Last updated: November 2023

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Housing Expenses in Seattle, 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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How Ownwell works?

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  4. When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.

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Frequently asked questions

We currently operate in Texas, California, Washington, Georgia, Florida and Illinois.
We use a private national data provider that cross-references with county recorder's offices to verify ownership. If in the event our system is unable to verify the property, our team will take further steps to investigate ownership and reach out to the customer for confirmation.
Our success rate varies across geographies; however, in any given year, we typically win more than 70% of our cases, saving clients an average of $1,457 on their property taxes.
Yes, in the market areas we serve, we have a dedicated Property Tax Consultant that is physically present in the market they are servicing. The specialist assigned to your property has the necessary geographical competence to provide exemplary service!
The average property tax rate in Seattle is 0.94%.
The following exemptions and discounts are available in Seattle: Charitable, Disabled, Senior and Veteran