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HOW TAXES ARE CALCULATED
Last Year’s Assessed Value x This Year’s
Levy Rate = Tax Amount Due
2ND HALF TAXES DUE
BY OCTOBER 31
ST
PROPERTY TAXES ARE CERTIFIED
BY FEBRUARY 15
TH
MARCH CLOSING
EXAMPLE A
sale that closes in March
will have both parties
paying prorated
taxes: the seller pays for
January 1st to date of
closing, and the
buyer pays from the
closing date to June 30th
1ST HALF TAXES DUE BY
APRIL 30
TH
MAY CLOSING EXAMPLE
A closing that happens in May would give
the seller a refund for prorated taxes
from the closing date to the end of June,
since the seller would have paid in April
for the entire first half of the year.
ASSESSED VALUE
STATEMENT
The assessed value
statement for the
following year is mailed
out during the second
half of the year.
PREPAYMENT
2nd half taxes
may be paid any
time between
February 15th
and October 31st
without being
delinquent.
1st half taxes
may be paid any
time between
February 15th and
April 30th without
being delinquent.
No taxes may be paid
prior to February 15th
ASSESSED VALUE
VS. TAXABLE VALUE
The assessed value is typically the same as the taxable value except in cases where
the taxpayer has applied for and received an exemption. For example, senior and
disabled property owners may qualify for tax reductions. In some cases home
improvements may qualify for a 3-year exemption for taxes on the value of the
improvement. For more information on possible exemptions or tax deferrals, contact
the Assessor-Treasurer for the county in which the property is located.
ASSESSOR -TREASURER PROPERTY TAX HOTLINES:
King County: (206) 296-3850
Pierce County: (253) 798-6111
Snohomish County: (425) 388-3433
King County Treasury
500 Fourth Avenue, Room 600
Seattle, WA 98104
Pierce County Budget & Finance
P.O. Box 11621
Tacoma, WA 98411-6621
Snohomish County Treasurer
3000 Rockefeller Ave, M/S 501
Everett, WA 98201
MAILING ADDRESS FOR TAXES:
PROPERTY TAX - ANNUAL CALENDAR




