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Lake Forest Park, King County, Washington Property Taxes

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Property Taxes in Lake Forest Park, Washington

  • Median Lake Forest Park, Washington effective property tax rate: 1.01%, significantly lower than the national median of 1.02%, and higher than the Washington state median of 0.92%.

  • Median Lake Forest Park, Washington home value: $899,000

  • Median annual Lake Forest Park, Washington tax bill: $8,982, $6,582 higher than the national median property tax bill of $2,400.

How are property taxes in King calculated?

Property taxes in Lake Forest Park, Washington are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lake Forest Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Forest Park, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Lake Forest Park, King County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$9,080

$8,426

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lake Forest Park Property Tax Calculator Work?

Use this Lake Forest Park property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lake Forest Park's median effective tax rate of 1.01% — based on actual property records in King County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake Forest Park's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Lake Forest Park: rates range from 1.01% in 98155 to 1.01% in 98155, primarily due to differences in school district levies and local assessment districts. Lake Forest Park's median effective tax rate is higher than the Washington median of 0.92%, and the median tax bill of $8,982 is $6,582 higher than the state median.

If your estimate is higher than expected, Ownwell can appeal your Lake Forest Park assessment — you only pay if we save you money.

About Lake Forest Park Property Taxes

About Property Taxes in Lake Forest Park, King, Washington

Lake Forest Park's median effective property tax rate of 1.01% is lower than the Washington state median of 0.92% and higher than the national median of 1.02%. This rate reflects the King County base levy combined with local school district levies and Local improvement districts (LIDs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Lake Forest Park. Homeowners in the 98155 ZIP code carry a median effective rate of 1.01%, while those in 98155 pay 1.01%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across King County. Understanding which part of Lake Forest Park you live in can make a meaningful difference to your annual tax bill.

Lake Forest Park homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the July deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Lake Forest Park, King County, Washington

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Lake Forest Park's effective property tax rate to other cities in Washington and the median property tax rates in Washington and the U.S.

Property Tax Rates Across Lake Forest Park, King County, Washington

Source: Ownwell

0.63%

0.93%

1.24%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lake Forest Park Tax Rate

1.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective King County Tax Rate

0.99%

Median Effective Washington Tax Rate

0.92%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Forest Park, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
981550.97%0.99%1.01%1.02%1.03%

Source: Ownwell

Property Tax Assessment Values Across Lake Forest Park, King County, Washington

When examining property taxes in Lake Forest Park, Washington, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The King County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In King County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Forest Park.

For example, the median home price in Lake Forest Park is $899,000, with tax bills ranging significantly across the county. 98155 has the highest median home price at $899,000.

Property Tax Assessment Values Across Lake Forest Park, King County, Washington

Source: Ownwell

$275,000

$3,858,750

$7,442,500

Median Lake Forest Park Market Value

$899,000

Median King County Market Value

$774,000

Median Washington Market Value

$501,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Forest Park, King County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98155$603,000$755,000$899,000$1,070,000$1,342,000

Source: Ownwell

Property Tax Bills Across Lake Forest Park, King County, Washington

Property tax bills in Lake Forest Park are based on the assessed value of a home and the local tax rate. When a home’s market value is higher, the tax bill can rise, which is especially important in a city with a median home price of $899,000. The typical property tax bill in the area is $8,982, which is well above the national median property tax bill of $2,400 and reflects the higher local housing values.

What factors are considered when calculating the bill? The main factors are the home’s assessed value and the tax rates set by local taxing authorities. For many homeowners, that means a larger tax bill can have a real impact on monthly budgets and long-term housing costs.

How can Ownwell help? Ownwell reviews your property tax assessment, identifies opportunities to lower your bill, and helps you appeal if your home is overassessed. That can lead to meaningful savings and a lower property tax bill over time.

Property Tax Bills Across Lake Forest Park, King County, Washington

Source: Ownwell

$2,643

$24,618

$46,592

Median Lake Forest Park Tax Bill

$8,982

Median King County Tax Bill

$7,644

Median Washington Tax Bill

$4,512

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Forest Park, King County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98155$4,706$7,496$8,982$10,610$13,149

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Lake Forest Park, Washington

How are property taxes calculated in Lake Forest Park, Washington?
Property taxes in Lake Forest Park, Washington are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Lake Forest Park, Washington?
To appeal your property taxes in Lake Forest Park, Washington, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Lake Forest Park, Washington?
Common property tax exemptions in Lake Forest Park, Washington include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Lake Forest Park, Washington?
Property tax deadlines in Lake Forest Park, Washington vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Lake Forest Park, Washington?
Ownwell provides professional property tax appeal services in Lake Forest Park, Washington. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.