Washington variant. This is a Washington-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Washington's effective property tax rate of 0.84% means the owner of a median $615,000 home pays roughly $5,166 per year - a figure that varies widely by state.
How Washington property tax is calculated
Property tax = assessed value × local millage rate. The 0.84% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $615,000 Washington median home, that works out to about $5,166/year or $431/month - often escrowed into your mortgage payment.
About taxes and housing in Washington
Washington levies no tax on wage income but does impose a tax on certain long-term capital gains above a high threshold.
Washington's effective property tax rate is near 0.84%, with median home values among the highest in the country around $615,000.
Washington's economy is powered by technology, aerospace, and global trade, with major employers based in the Seattle area.
Worked example: tax on a $615,000 home
$615,000 × 0.84% = $5,166 per year. A $500,000 home in Washington would owe about $4,200 annually at the same effective rate.
Quick reference
- State income tax: No state income tax (7% capital gains tax over $250K)
- State sales tax: 6.5% (plus 2.79% avg local)
- Median home value: $615,000
- Median household income: $90,325
- Effective property tax rate: 0.84%
- Avg auto insurance: $1,366/yr
Frequently Asked Questions
What is the property tax rate in Washington?
Washington's effective property tax rate averages 0.84% of market value per year.
How much property tax on a $615,000 home in Washington?
About $5,166 per year at the 0.84% effective rate.