Washington (WA) property tax rate: 0.87% | Median home: $595,000 | Median annual tax: $5,177
Washington is a booming Pacific Northwest state with no income tax. The average effective property tax rate in Washington is 0.87%, which is near the national average of 1.1%.
On the median Washington home valued at $595,000, annual property taxes come to approximately $5,177 or $431/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Washington limits annual property tax levy increases to 1% without voter approval.
Washington has no state income tax, which means property taxes are one of the primary revenue sources for local governments. While the property tax rate may seem moderate, the lack of income tax often makes the overall tax burden competitive.
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Washington has an average effective property tax rate of 0.87%. On the median home value of $595,000, that equals approximately $5,177 per year or $431 per month.
Property taxes in Washington are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Washington limits annual property tax levy increases to 1% without voter approval.
Washington property taxes are near the national average of 1.1%. This means property tax costs are predictable and in line with most states.
Property tax due dates vary by county in Washington. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.