98385 Property Tax Rate

Property owners in ZIP code 98385 (South Prairie, Washington) pay a median of $5,243/year in property taxes on homes valued at $490,000. This translates to an effective tax rate of 1.07%, which is 40% above the Washington state average of 0.77%.

The monthly property tax burden for a median-valued home in 98385 is approximately $437, which factors into escrow payments on mortgages. This ZIP code is located within Pierce County. This is $1,651 more than the Washington average of $3,592/year.

Compared to similar ZIP codes in Washington, 98385 has higher property taxes. ZIP codes with similar effective rates include 98267 (1.07%) and 98465 (1.07%).

In South Prairie, property taxes represent approximately 3.9% of the median household income of $132,750, 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.