![]() ![]() It contains comprehensive information on mortgage rates and getting a mortgage in Washington.Ī financial advisor can help you understand how homeownership fits into your overall financial goals. If this tax structure appeals to you and you’re looking to buy or refinance property in Washington, take a look at our Washington State mortgage guide. The state’s average effective tax rate is 0.84%, though high home values mean the median annual property tax payment is $4,061. Specifically, the total of general, non-voter approved taxes cannot be more than 1%, and the total tax levy in an area cannot increase by more than 1% in a year.Īs a result of those rules, Washington State has tax rates below the national average. Property taxes in Washington State are limited by a number of laws that put caps on the amount homeowners can be taxed, and the amount those taxes can increase in a given year. Washington State Property Taxes Photo credit: ©/wwing ![]()
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