In Washington’s
King County, homeowners pay an average property tax rate of 0.88%, less than the national average of 1.1% and the state average of 0.9%, costing the average homeowner $3,572 per year. Property taxes are an unavoidable expense when you own a home, and with tax rates varying year after year and from one county to the next, it’s difficult to figure out precisely what you’ll end up owing.
That’s where the home and car insurance
broker app Jerry
steps in. We put together this quick and useful guide to help you understand property taxes in King County, whether you’re living in Seattle
or one of the smaller towns further east. Property tax 101
Local governments and school districts need revenues from property taxes to fund all the essential services and public works they provide, including police, fire, public works, libraries, and other vital services.
To raise these revenues, counties tax “real property”—plots of land owned by taxpayers—and the homes or structures built on that land.
The values of properties are calculated by a local tax assessor, who figures out how much your home is worth as far as taxation is concerned. This is weighed against county property taxes—0.88% in King County—to figure out how much you’ll owe in property taxes.
MORE: Is car insurance tax deductible?
What is the property tax rate in King County?
King County has an average tax rate of 0.88% of a property’s assessed value. That’s less than Washington’s statewide average of 0.92% and the national average of 1.1%. Homeowners here pay an average of $3,572 per year in property taxes.
How King County property taxes are determined
Before taxes can be set, King County has to figure out how much revenue it needs to raise. This involves looking at the budgets of every government and school district in King County—so-called “taxing entities”—to figure out how much revenue is needed.
Next, each property needs to be assessed by the King County Assessor
, who will look at the property as if it were vacant as per Washington State laws. They look at the value of the land and improvements, including homes and other structures, to calculate the total taxable value of the property. King County’s assessors physically inspect each property in the county once every six years and update their appraisals. That means your home’s taxable value will change every six years as well.
That total value is measured against county property taxes. So if you own a $400,000 home, you’d be left with a $3,520 tax bill.
What do King County property taxes pay for?
Like most other counties throughout the United States, King County uses property tax revenue to pay for essential local services, including:
Public schools, libraries, and adult education programs
Emergency services (police, fire, and medical services)
City streets and county roads
Public works, including sewers and building safety
How to pay property taxes in King County
Property taxes in King County are due twice yearly, with the first half of the yearly total due May 2nd and the second half due October 31st. These dates mildly fluctuate year after year, so be sure to check in with the King County property tax FAQ
for details. There are several methods to pay property taxes in King County, including the following:
Online, through one of two websites: this site
if you have your tax account or parcel number, or here
if you do not. By mail. You’ll need to pay by check, and they don’t accept any other form of payment. Mail your check payable to King County Treasury and send it to: King County Treasury, King Street Center, 201 S. Jackson St., Suite 710 Seattle, Washington 98104.
Pay through your mortgage company. Call your mortgage lender directly for advice on how to do this.
Unfortunately, you cannot make payments in person or over the phone due to the ongoing pandemic, but keep an eye on that aforementioned FAQ for policy changes as COVID restrictions continue getting lifted.
How to save money on homeowners and car insurance in Washington
Seattle has a lot going for it. Great food, loads of entertainment and culture, pleasantly seasonal weather, comparatively low property taxes, what’s not to love?
Those low property taxes save you a lot of money compared to living in some other major US cities. And with a little help from Jerry
, America’s highest-rated insurance broker app, you can save a lot more on home, car, and renter’s insurance too. Here’s how it works. You download Jerry and answer a handful of questions. Jerry then searches through its deep bench of more than 50 top insurance providers to find you the cheapest quotes available, all without compromising the quality of your coverage.
Once you choose the most ideal quote for you, Jerry takes care of all the heavy lifting. That means no lengthy phone calls, paperwork, or in-office visits. You never have to talk to another person unless you want some assistance from our world-class customer support team, that is. Jerry users are saving an average of $887 per year on car insurance.
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