What is the property tax rate in Lakewood, WA?

Lakewood has an estimated effective property tax rate of 0.93%. On a median home valued at $420,500, homeowners pay approximately $3,917 per year in property taxes.

How does Lakewood compare to Pierce County?

Lakewood's effective rate of 0.93% is 2% higher than the Pierce County average of 0.91%. The county-wide median annual tax is $4,770, while Lakewood homeowners pay an estimated $3,917.

How much are property taxes in Lakewood on a $300,000 home?

Based on Lakewood's effective rate of 0.93%, property taxes on a $300,000 home would be approximately $2,790 per year, or about $233 per month.

Lakewood Property Tax Rate

Pierce County, Washington

0.93%effective rate

Lakewood is located in Pierce County, Washington. Homeowners in Lakewood pay a median of $3,917 per year in property taxes on a home valued at $420,500, resulting in an effective tax rate of 0.93%. This is 2% higher than the Pierce County average of 0.91%.

Effective Tax Rate🏠

0.93%

vs 0.91% county avg

Est. Annual Tax💰

$3,917

Per year

Median Home Value📊

$420,500

2024 estimate

Population📍

63,034

Lakewood, WA

How Lakewood Compares

Lakewood

0.93%

Pierce County Average

0.91%

Washington Average

0.81%

National Average

0.92%

Cities in Pierce County

Compare property tax rates for 8 cities in Pierce County, Washington.

City	Population	Annual Tax	Rate
University Place	34,850	$6,011	1.04%
Parkland	39,174	$3,960	1.03%
Spanaway	34,322	$3,953	0.99%
Graham	35,090	$4,612	0.98%
Puyallup	42,642	$4,771	0.94%
Tacoma	220,482	$4,248	0.93%
South Hill	68,161	$4,596	0.93%
Lakewood	63,034	$3,917	0.93%

About Property Taxes in Lakewood

Property taxes in Lakewood are collected by Pierce County. Tax exemptions available to Pierce County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Lakewood. For detailed information on available exemptions and the county tax collector, see the Pierce County property tax page.

Property Tax Calculator

Estimate your annual property tax in Lakewood

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$2,790

$233/month · Rate: 0.93%

Pierce County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Washington Property Taxes

Statewide rates, all 39 counties, and exemptions.

View state details →

Think your property tax is too high?

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.