98332 Property Tax Rate

Property owners in ZIP code 98332 (Gig Harbor, Washington) pay a median of $5,809/year in property taxes on homes valued at $686,900. This translates to an effective tax rate of 0.85%, which is 10% above the Washington state average of 0.77%.

The monthly property tax burden for a median-valued home in 98332 is approximately $484, which factors into escrow payments on mortgages. This ZIP code is located within Pierce County. This is $2,217 more than the Washington average of $3,592/year.

Compared to similar ZIP codes in Washington, 98332 has lower property taxes. ZIP codes with similar effective rates include 98283 (0.85%) and 99023 (0.85%).

In Gig Harbor, property taxes represent approximately 4.7% of the median household income of $122,827, providing context for the relative tax burden on homeowners in this area.

Washington reassesses at market value upon sale with no growth cap; Pierce County Assessor will revalue your home to purchase price, and assessed value may rise annually without limit. Pierce County residents age 61+ or disabled with household income below the state threshold (approximately $40,000–$45,000) may claim the Senior/Disabled Property Tax Exemption to exempt a portion of home value from taxation. File your exemption application with the Pierce County Assessor by March 31 to ensure the benefit applies to your tax year; applicants missing the deadline must wait until the following year.