Seattle, Washington Property Taxes
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.
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 | |
---|---|
Senior | Available |
Disabled | Available |
Homestead | Not Available |
Veteran | Available |
Charitable | Available |
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Real Estate Statistics in Seattle, Washington
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 Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th 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 Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th 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 Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th 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
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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