Seattle condo market: I want to dig deeper into how your property taxes are determined, especially in light of the recent news about the upcoming Local Improvement District (LID) tax that will be used to help fund the new waterfront revitalization in Seattle. Seattle housing market continues to see low inventory and high competition making things hard for homebuyers. Since tax rates are stated in terms of dollars per $1,000 of value, the 1% limit is the same as $10 per $1,000 and is often referred to as the $10 limit. King County has one of the highest median property taxes in the United States, and is ranked 102nd of the 3143 counties in order of median property taxes. Sales Taxes: 8.90% [The total of all sales taxes for an area, including state, county and local taxes.Income Taxes: 0.00% [The total of all income taxes for an area, including state, county and local taxes.Federal income taxes are not included.] But in California, the tax rate is much lower at 0.81% – the 34th lowest in the U.S. – but the median home there (valued at $385,500) raises $3,104 in property taxes. The average American household spends $2,375 annually on real estate property taxes, and, according to the National Tax Lien Association, more than $14 billion in property taxes … Tax Rates for Seattle, WA . This begins to whittle away as you creep above $1.5 million and into the higher tax rate of 2.75% (3.25%). Taxes for the second half of the year can be paid in advance, but the first half can’t. Property Tax Rate: $10.66 [The property tax rate shown here is the rate per $1,000 of home value. The average Seattle homeowner still ends up paying around $1,000 more in property taxes every year. Washington State right now positions 29th for median property tax rates by state. Seattle property tax, then again, is one of the highest median property taxes in the United States. Even before the virus hit the region, it was quite evident that if the inventory crunches further, affordability will become a bigger issue in the Seattle real estate market in 2020, especially with homes in the lower tier.. Our Washington Property Tax Calculator can estimate your property taxes based on similar properties, and show you how your property tax burden compares to the average property tax on similar properties in Washington and across the entire United States.. To use the calculator, just enter your property's current market value (such as a current appraisal, or a recent purchase price). 2014 Property tax statistics - all tables available October 2014 2013 Property tax statistics - published September 2013 2012 Property tax statistics - published July 2012 Other tax considerations Seattle Property Tax Ranking. If you sell for more than that amount, you’ll be paying more–often much more. The median rate of 1.01% of property estimation, contrasted with New Jersey, which has the highest rate median of 2.47%. Contact us Property Tax Hotline: 206-263-2890 Foreclosure: 206-263-2649 Email: PropertyTax.CustomerService @kingcounty.gov 500 4th Avenue RM 600 Seattle, WA 98104 The median property tax in King County, Washington is $3,572 per year for a home worth the median value of $407,700. King County collects, on average, 0.88% of a property's assessed fair market value as property tax. 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