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Federal Way property tax, in one number.

0.85%effective tax rate on a home's value

The typical Federal Way homeowner pays $4,706 a year on a $552,800 home. That's close to the King County rate (0.83%) and below the U.S. rate (0.94%).

Estimate my tax
Census ACS 5-year estimates, 2020–2024. Rate = median tax paid ÷ median home value.
Data from public sources
U.S. Census BureauAmerican Community Survey2020–2024 estimates

Federal Way at a glance

Five numbers that shape a typical property tax bill here.

$552,800
Median home value
$4,706
Median tax paid
$4,573
With a mortgage
$5,182
Mortgage paid off
55.3%
Of homes owner-occupied
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Property tax calculator

Enter a home value to see a typical yearly bill at Federal Way's average effective rate, or pick another area.

Estimate only. Uses average effective rates and doesn't apply homestead, senior or other exemptions, which lower many bills.
Estimated yearly tax
–
about – a month
−0.25 pts
Rate change since 2015
From 1.15% (2015) to 0.90% (2024), ACS 1-year
  • Bills are up, rates are down.The median tax paid rose from $3,152 in 2015 to $5,503 in 2024 (+75%), while home values rose 122%. That pushed the effective rate down.
  • Owners without a mortgage pay more.Homes owned outright paid a median $5,182, versus $4,573 for homes with a mortgage.
  • Share of income.The median bill equals about 5.4% of the median household income of $86,909.

The data, charted

Median tax paid & effective rate

Federal Way, ACS 1-year estimates (2020 not released)
Median tax paidEffective rate

Owners vs renters

35,717 occupied homes, ACS 2020–2024
Owner-occupied 55.3%Renter-occupied 44.7%

Cities in King County

Effective rate, ACS 2020–2024

Federal Way compared

ACS 2020–2024
AreaMedian taxHome valueRate
Federal Way$4,706$552,8000.85%
King County$7,114$859,9000.83%
Washington$4,556$564,6000.81%
United States$3,119$332,7000.94%

Other cities in King County

Effective property tax rates nearby.

Hobart
1.02%
$9,702 median
Auburn
1.00%
$5,484 median
Normandy Park
0.99%+
$10,000+ median
SeaTac
0.98%
$5,104 median
Lake Morton-Berrydale
0.97%
$6,923 median
Lakeland South
0.97%
$5,710 median
White Center
0.97%
$6,257 median
Federal Way
0.85%
$4,706 median

Nearby

Good to know

What is the property tax rate in Federal Way?

The effective rate is about 0.85%. The median homeowner pays $4,706 a year on a home worth a median $552,800 (ACS 2020–2024). The legal tax rates set by each taxing unit are different numbers; the effective rate is what owners actually pay as a share of value.

How much is property tax on a $550,000 home in Federal Way?

About $4,675 a year, or roughly $390 a month, at Federal Way's average effective rate of 0.85%. Homestead, senior, veteran or other exemptions can lower the real bill, and a recent purchase or reassessment can raise it.

Why is my bill different from this estimate?

Your bill depends on your home's assessed value from the county assessor, the exact taxing units where you live (county, city, school district, special districts) and any exemptions you get. These figures are medians across all owner-occupied homes, not a bill for any address.

How current is this data?

It comes from the U.S. Census Bureau's American Community Survey 5-year estimates for 2020–2024, the latest release. Homeowners report the taxes they paid, so the numbers lag current bills by one to two years. We update the site when the Census Bureau publishes new estimates each December.

Estimates, not your tax bill. These are Census survey medians for all owner-occupied homes (2020–2024). Your bill depends on your assessed value, the taxing units at your address and any exemptions. For your actual bill, check with your county assessor or tax collector. How we calculate this.

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