In Bellevue, Washington, property taxes are determined by the assessed value of your property and the combined levy rates from various taxing authorities, including the City of Bellevue, King County, the state, and local school districts. As of 2023, the most common property tax rate in Bellevue is $7.10 per $1,000 of assessed value, with 88 cents of that amount allocated to the City of Bellevue. (City of Bellevue)
For a home valued at $1 million, this rate translates to an annual property tax of approximately $7,100. Of this amount, about $710 is directed to the City of Bellevue, while the remaining funds are distributed among other jurisdictions.
It’s important to note that property tax rates and assessed values can change annually due to factors such as voter-approved measures and adjustments in property valuations. For instance, in 2024, overall property taxes in King County increased by approximately 5.1% from the previous year, despite a decrease in total county property values. (King County)
To obtain the most accurate and up-to-date information regarding your specific property tax obligations in Bellevue, it’s advisable to consult the King County Assessor’s Office or visit their official website. (King County)