Property Details
Federal Way, King County median: $510,000
Federal Way, King County average: 1.050%
Washington Property Tax Note
Washington has no state income tax, so local governments rely more heavily on property taxes for revenue. Rates vary significantly between counties and cities.
Your Property Tax Estimate
Annual Tax
$5,355
Monthly Tax
$446
Effective Rate
1.050%
Tax at Different Price Points in Federal Way, King County
| Home Price | Annual Tax | Monthly Tax |
|---|---|---|
| $500,000 | $5,250 | $438 |
| $750,000 | $7,875 | $656 |
| $1,000,000 | $10,500 | $875 |
| $1,500,000 | $15,750 | $1,313 |
| $2,000,000 | $21,000 | $1,750 |
Based on 1.050% effective tax rate for Federal Way, King County.
Impact on Monthly Mortgage Payment
Property taxes are part of your total PITI (Principal, Interest, Taxes, Insurance) payment. Lenders include $446/month in your qualifying debt-to-income ratio.
Monthly Tax Escrow
$446
Annual Tax Bill
$5,355
Calculations are estimates for educational purposes only. Actual property taxes depend on your county assessor's valuation, local bond measures, Mello-Roos districts, and homeowner exemptions. Contact Mo Abdel at (949) 822-9662 for a personalized mortgage analysis. NMLS #1426884 | Lumin Lending NMLS #2716106.
Frequently Asked Questions
What is the property tax rate in Federal Way, Washington?
Federal Way is in King County, which has an average effective property tax rate of 1.05% for 2026. On Federal Way's median home value of $510,000, that equals approximately $5,355 per year or $446 per month.
How much are property taxes on a $510,000 home in Federal Way?
At the current effective rate of 1.05%, a home valued at $510,000 in Federal Way pays approximately $5,355 in annual property taxes. That breaks down to $446 per month added to your mortgage escrow payment.
Does Federal Way have Mello-Roos or special assessments?
Federal Way, King County does not have Mello-Roos (a California-specific program). However, Washington property taxes include special levies for schools, fire districts, library districts, and other local services that vary by location within the county.
How do Federal Way property taxes affect mortgage qualification?
Lenders include property taxes in your total PITI payment when calculating debt-to-income ratios. In Federal Way, the estimated $446/month tax escrow on a median-priced home directly reduces the loan amount you qualify for. Mo Abdel can help you factor in property taxes when comparing loan programs.
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