Lacey, Washington Property Taxes
Real Estate Values and Property Tax Valuation in Lacey, Washington
The city of Lacey has 17,997 properties with a cumulative value of $6.3B, making up 17.00% of all real estate value in Thurston County. Property taxes in Lacey totaled $71.0M, with an average homeowner paying $3,977 in property taxes compared to the county average of $4,211. The average property tax rate in Lacey is 1.13%, while the county average is 1.11%. 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 | |
|---|---|
| Thurston Assessor | (360) 867-2200 |
| Thurston Assessor | (402) 385-2251 |
| Thurston Auditor / Recorder | (360) 786-5405 |
| Thurston Register of Deeds | (402) 385-2343 |
| 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 Lacey, Washington
Residential Property Tax by ZIP code in Lacey, Washington
Property taxes in Lacey, Washington are slightly higher than the average Thurston County property tax rate. In 2023, the average property tax rate in Lacey was 1.13%, compared to the county average of 1.11%. This means that property owners in Lacey can expect to pay slightly more in taxes than the average Thurston County resident.
Property tax rates in Lacey vary across ZIP codes, with the highest effective rate being 1.13% in the 98516 ZIP code and the lowest being 1.12% in the 98503 ZIP code. This variation is due to differences in home values across ZIP codes. Generally, the higher the home value, the higher the property tax rate. Therefore, property owners in higher-value ZIP codes can expect to pay more in taxes than those in lower-value ZIP codes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Lacey, 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 |
|---|---|---|---|---|---|
| 98503 | $203,360 | $274,600 | $326,100 | $378,950 | $442,360 |
| 98513 | $243,900 | $291,100 | $325,100 | $358,800 | $402,340 |
| 98516 | $299,430 | $343,400 | $409,700 | $489,925 | $593,540 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Lacey, Washington.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98503 | $1,219 | $3,095 | $3,809 | $4,443 | $5,189 |
| 98513 | $2,464 | $3,317 | $3,768 | $4,166 | $4,679 |
| 98516 | $3,265 | $3,912 | $4,686 | $5,670 | $6,870 |
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 |
|---|---|---|---|---|---|
| 98503 | 0.60% | 1.13% | 1.17% | 1.17% | 1.17% |
| 98513 | 1.01% | 1.14% | 1.16% | 1.16% | 1.16% |
| 98516 | 1.09% | 1.14% | 1.14% | 1.16% | 1.16% |
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Real Estate Values in Lacey, Washington
Average Home Value in Lacey, 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 Lacey, 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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