Release Date: February 18, 2022
2022 Property Taxes
Property tax bills coming: Modest Increases Despite Rising Values
The increase in the total amount of property taxes to be collected in King County will be modest for the 2022 tax year -- about 3 percent – despite the fact that property values rose by about 9 percent. This is because voter approved levies, and not rising property values, are the main drivers of property tax increases. By state law, values are set as of January 1 each year. Taxes collected this year are based on the value of the property on January 1, 2021.
Overall, countywide property tax collections for the 2022 tax year are $6.79 billion, an increase of $190 million --3% -- over last year’s total of $6.6 billion. Total County property values, however, increased by more than 9%, from $659.5 billion to $722.5 billion.
“Residential property values have continued to rise during the COVID 19 pandemic, partly driven by a lack of housing inventory,” said Wilson. “Still, it is important to remember that voter approved levies, and not the value of your property, is the primary cause of increased property taxes. Local governments may only increase property tax collections by 1% per year without a vote of the people. Voter approved levies are not subject to that restriction.”
Property taxes vary depending upon location, the assessed value of the property, and the number of jurisdictions levying taxes (such as state, city, county, school district, port, fire district, etc).
King County Treasury will begin sending out the annual property tax bills February 15. King County collects property taxes on behalf of the state, the county, cities, and taxing districts (such as school and fire districts) and distributes the revenue to these local governments.
About 57 percent of property tax revenues collected in King County in 2022 pays for schools. Property taxes also fund voter-approved measures for veterans and seniors, fire protection, and parks. King County receives about 17 percent of your property tax payment for roads, police, criminal justice, public health, elections, and parks, among other services.
For seniors and the disabled, it is important to be aware of our state’s property tax relief programs. King County taxpayers who are 61 years or older, or disabled, own their home, and have an annual income of $58,423 or less after certain medical or long-term care expenses, may be eligible for tax relief. Taxpayers should visit this site: https://www.kingcounty.gov/depts/assessor/TaxRelief.aspx for more information and to apply online.
General Info: 206-296-7300
Senior Exemptions: 206.296.3920
Toll Free: 1-800-325-6165 ext. 7-1060
TTY Relay: 711
Where Do Your Property Tax Dollars Go?
How King County's revenue falls behind even as property taxes go up
2021 Area Reports: The King County Department of Assessments annually revalues 700,000 parcels.
Area Reports are provided between June and October. The following files are in .PDF format, and are all roughly 250 KB to 3,000 KB in size. You will need a copy of PDF reader to view these files. For more information visit Software help.
Commercial Specialty Area
|Area||Location Name||Mail Date|
|160||Hotels and Motels||9-16-2021|
|720||Condos - Mobile Home Condo Parks||9-9-2021|
|15 and 730||Floating Home and Condos||8-19-2021|
|413||Fast Food/ Institutional Restaurants||8-5-2021|
|12||Waterfront: Lake Union to Shilshole Bay||7-15-2021|
Queen Anne/ Magnolia
South Seattle Area
South King County
|700||Condominiums: Downtown Seattle||7-8-2021|
KEY DATES 2022
- May 2nd First half of property taxes due
(If taxes are less than $50, full payment is due.)
- May 2nd Personal property listing forms due
- June 1 Three percent penalty assessed on delinquent taxes
- July 1 Appeals to the County Board of Equalization must be filed by July 1 or within
60 days of notification.
- Sept. 1 Applications for limited income
- Oct. 31 Second half of property taxes due
- Dec. 1 Eight percent penalty assessed on delinquent taxes