King County Property Taxes

How Do You Estimate Your Property Taxes Using Our Mil Rate

What is the calculation formula for figuring your estimated property taxes in King County?

It depends on where you live within King County.

• First step is to go to King County Tax Assessor’s website at: King County Tax Assessor eReal Property
• Search by Your Address or Parcel Number



• You will be brought to a page with four sections 1) parcel; 2) building 1; 3) Total Levy Rate Distribution 4) Tax History



• You need to know your Levy Code for the address: we are using 0010
• You need to know the Total Levy Rate: ours is $10.29168 diagram below:



• You need to know the actual assessed value with variables for your property which is located on the account/parcel summary page. You must enter your parcel number to get to the summary page: (below)



• Enter your parcel number to get to the tax year details. It is the land value + improvement value = taxable value


• Taxable Value $296


Example Property in Leschi Neighborhood
You can estimate what your property taxes will be if you know the "assessed value" of your property and the tax levy rate. For example, if the assessed value of your property is $296,000 and the levy rate is $10.2916 per thousand dollars of value:

VALUE 296 ($296,000 divided by 1,000) x LEVY RATE x $10.29
----------------- ---------------------------
TAXES = $3,046.32 estimated tax

For a breakdown of what your property tax dollars paid into the budget. Click on the index tab "2014 Tax-Fee Distribution: (below)

There is a lot of helpful information located on the King County's website:
For Levy Rates by City and School District .

Happy Investing!