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Lakebay, Pierce County, Washington Property Taxes

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Property Taxes in Lakebay, Washington

  • Median Lakebay, Washington effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, and lower than the Washington state median of 0.92%.

  • Median Lakebay, Washington home value: $430,150

  • Median annual Lakebay, Washington tax bill: $3,578, $1,178 higher than the national median property tax bill of $2,400.

How are property taxes in Pierce calculated?

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

Last Updated April 13, 2026

Lakebay, Pierce County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$3,656

$3,393

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lakebay Property Tax Calculator Work?

Use this Lakebay property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lakebay's median effective tax rate of 0.85% — based on actual property records in Pierce County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lakebay'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 Lakebay: rates range from 0.85% in 98349 to 0.85% in 98349, primarily due to differences in school district levies and local assessment districts. Lakebay's median effective tax rate is lower than the 1.02% national median property tax rate and lower than the 0.92% Washington median tax rate, while the $3,578 median property tax bill is higher than the $2,400 national median property tax bill.

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

About Lakebay Property Taxes

About Property Taxes in Lakebay, Pierce, Washington

Lakebay’s median effective property tax rate of 0.85% is lower than the Washington state median of 0.92% and lower than the national median of 1.02%. This rate reflects the Pierce 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 Lakebay. Homeowners in the 98349 ZIP code carry a median effective rate of 0.85%, while those in the same ZIP code pay 0.85%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Pierce County. Understanding which part of Lakebay you live in can make a meaningful difference to your annual tax bill.

Lakebay homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 26, 2026 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 Lakebay, Pierce 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 Lakebay'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 Lakebay, Pierce County, Washington

Source: Ownwell

0.73%

0.94%

1.14%

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 Lakebay Tax Rate

0.85%

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 Pierce County Tax Rate

1.01%

Median Effective Washington Tax Rate

0.92%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lakebay, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
983490.78%0.82%0.85%0.88%0.91%

Source: Ownwell

Property Tax Assessment Values Across Lakebay, Pierce County, Washington

When examining property taxes in Lakebay, 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 Pierce 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 Pierce County, assessment notices are sent in June each year. They'll typically reach your mailbox by the middle of June.

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. For Lakebay, the median home price is $430,150, with a median tax bill of $3,578. That is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. The 98349 ZIP code has both the highest median home price and the highest median tax bill at $430,150 and $3,578.

Property Tax Assessment Values Across Lakebay, Pierce County, Washington

Source: Ownwell

$32,800

$505,600

$978,400

Median Lakebay Market Value

$430,150

Median Pierce County Market Value

$495,600

Median Washington Market Value

$501,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lakebay, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98349$145,230$291,750$430,150$600,700$872,840

Source: Ownwell

Property Tax Bills Across Lakebay, Pierce County, Washington

Property tax bills in Lakebay are based on the assessed value of a home and the local tax rate, so a higher assessed value can mean a higher bill. In Pierce County, the median home price is $430,150, and the property tax bill can vary widely depending on where a home is located and how it is assessed. The 25th percentile tax bill is $2,238, while the 75th percentile is $5,050 and the 90th percentile is $7,105. The median tax bill in ZIP code 98349 is $3,578.

For homeowners, that means property taxes can take a meaningful bite out of monthly housing costs, especially when a home is overassessed. Ownwell helps homeowners lower property tax bills by reviewing assessments, identifying opportunities for appeals, and pursuing exemptions when available. If your assessed value is too high, Ownwell can help you challenge it and potentially save money year after year.

Property Tax Bills Across Lakebay, Pierce County, Washington

Source: Ownwell

$266

$4,406

$8,546

Median Lakebay Tax Bill

$3,578

Median Pierce County Tax Bill

$4,961

Median Washington Tax Bill

$4,512

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakebay, Pierce County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98349$699$2,238$3,578$5,050$7,105

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Lakebay, Washington

How are property taxes calculated in Lakebay, Washington?
Property taxes in Lakebay, 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 Lakebay, Washington?
To appeal your property taxes in Lakebay, 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 Lakebay, Washington?
Common property tax exemptions in Lakebay, 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 Lakebay, Washington?
Property tax deadlines in Lakebay, 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 Lakebay, Washington?
Ownwell provides professional property tax appeal services in Lakebay, 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.