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How Much is Property Tax on a $700,000 Home in Washington?
Property tax on a $700,000 home in Washington typically ranges from $4,200 to $11,200 per year (roughly $350 to $933/month), depending on the county. Based on the statewide average effective rate of 0.98%, you can expect to pay around $6,860/year, or $572/month. Washington has no state personal income tax; property taxes are a major funding source for local schools and services, keeping rates near the national average.