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Lacey, Thurston County, Washington Property Taxes

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Property Taxes in Lacey, Washington

  • Median Lacey, Washington effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, and lower than the Washington state median of 0.92%.

  • Median Lacey, Washington home value: $442,900

  • Median annual Lacey, Washington tax bill: $4,040, $1,640 higher than the national median property tax bill of $2,400.

How are property taxes in Thurston County calculated?

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

Last Updated April 13, 2026

Lacey, Thurston County, Washington Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$4,030

$3,740

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lacey Property Tax Calculator Work?

Use this Lacey property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lacey's median effective tax rate of 0.91% — based on actual property records in Thurston County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lacey'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 Lacey: rates range from $3,890 in 98513 to $4,650 in 98516, primarily due to differences in school district levies and local assessment districts.

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

About Lacey Property Taxes

About Property Taxes in Lacey, Thurston, Washington

Lacey’s median effective property tax rate of 0.91% is lower than the Washington state median of 0.92% and lower than the national median of 1.02%. This rate reflects the Thurston 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 Lacey. Homeowners in the 98516 ZIP code carry a median effective rate of 0.92%, while those in 98513 pay 0.91%. This spread — 0.01 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Thurston County. Understanding which part of Lacey you live in can make a meaningful difference to your annual tax bill.

Lacey homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the December 9, 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 Lacey, Thurston 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 Lacey'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 Lacey, Thurston County, Washington

Source: Ownwell

0.74%

0.86%

0.99%

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 Lacey Tax Rate

0.91%

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 Thurston County Tax Rate

0.93%

Median Effective Washington Tax Rate

0.92%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lacey, Thurston County, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
985030.79%0.89%0.91%0.94%0.98%
985130.85%0.89%0.91%0.92%0.94%
985160.88%0.91%0.92%0.94%0.96%

Source: Ownwell

Property Tax Assessment Values Across Lacey, Thurston County, Washington

When examining property taxes in Lacey, 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 Thurston County assessor 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 Thurston County, assessment notices are sent in the fall each year. They'll typically reach your mailbox by the middle of October.

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 understanding how assessed and market values are determined, property owners can better navigate property taxes in Lacey.

For example, the median home price in Lacey is $442,900, with tax bills ranging significantly across the county. Zip code 98516 has the highest median home price at $508,600.

Property Tax Assessment Values Across Lacey, Thurston County, Washington

Source: Ownwell

$234,800

$384,325

$533,850

Median Lacey Market Value

$442,900

Median Thurston County Market Value

$459,800

Median Washington Market Value

$501,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lacey, Thurston County, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98503$286,610$370,975$429,800$492,700$564,180
98513$337,700$392,100$428,000$486,200$529,020
98516$384,320$440,800$508,600$603,200$716,480

Source: Ownwell

Property Tax Bills Across Lacey, Thurston County, Washington

Property tax bills in Lacey are determined by the assessed value of a home and the local tax rates set by taxing authorities in Thurston County. When a home’s market value rises, the assessed value can increase too, which may lead to a higher tax bill. For homeowners, that means property taxes can become a significant part of annual housing costs, especially in a market with a median home price of $442,900.

In Lacey, typical property tax bills range from $3,432 at the 25th percentile to $4,666 at the 75th percentile, with the highest median tax bill reaching $4,650 in ZIP code 98516 and the lowest median tax bill at $3,890 in ZIP code 98513. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, homeowners here often pay more.

Ownwell helps homeowners save by reviewing assessments and identifying opportunities to appeal unfair property tax bills, which can reduce what you owe and lower your annual tax burden.

Property Tax Bills Across Lacey, Thurston County, Washington

Source: Ownwell

$1,697

$3,324

$4,951

Median Lacey Tax Bill

$4,040

Median Thurston County Tax Bill

$4,232

Median Washington Tax Bill

$4,512

Median United States Tax Bill

$2,400

Property Tax Bills Across Lacey, Thurston County, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98503$1,151$3,257$3,929$4,497$5,196
98513$2,547$3,550$3,890$4,385$4,776
98516$3,199$4,005$4,650$5,507$6,602

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Lacey, Washington

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