98333 Property Tax Rate

Property owners in ZIP code 98333 (Fox Island, Washington) pay a median of $7,357/year in property taxes on homes valued at $952,500. This translates to an effective tax rate of 0.77%, which is near the Washington state average of 0.77%.

The monthly property tax burden for a median-valued home in 98333 is approximately $613, which factors into escrow payments on mortgages. This ZIP code is located within Pierce County. This is $3,765 more than the Washington average of $3,592/year.

Compared to similar ZIP codes in Washington, 98333 has higher property taxes. ZIP codes with similar effective rates include 98115 (0.77%) and 99337 (0.77%).

In Fox Island, property taxes represent approximately 4.3% of the median household income of $172,917, 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.