98058 Property Tax Rate

Property owners in ZIP code 98058 (Renton, Washington) pay a median of $5,940/year in property taxes on homes valued at $627,200. This translates to an effective tax rate of 0.95%, which is 24% above the Washington state average of 0.77%.

The monthly property tax burden for a median-valued home in 98058 is approximately $495, which factors into escrow payments on mortgages. This ZIP code is located within King County. This is $2,348 more than the Washington average of $3,592/year.

Compared to similar ZIP codes in Washington, 98058 has lower property taxes. ZIP codes with similar effective rates include 98520 (0.95%) and 98056 (0.95%).

In Renton, property taxes represent approximately 5.3% of the median household income of $111,045, providing context for the relative tax burden on homeowners in this area.

Washington has no state property tax; King County Assessor assesses at market value with no annual growth cap, and your home resets to full fair market value at sale. King County offers the Senior/Disabled Property Tax Exemption for qualifying low-income homeowners and renters — eligibility requires age 61+ or disability with household income under the state limit (approximately $40,000–$45,000 depending on assets). Contact the King County Assessor's Exemptions Unit or visit the county website immediately after purchase to apply for any senior or disability relief; the deadline to file for the current tax year is typically March 31.