It continues to be the most important revenue source for public schools, fire protection, libraries, and parks and recreation. This number is different for various counties across the state. SEATTLE -- New laws enacted in Washington will expand property tax relief programs to seniors and disabled citizens, according to the Washington State Department of Revenue. Lakewood, University Place, Parkland-Spanaway and Fircrest areas will see the highest property tax increase at 20% Tacoma and Gig Harbor taxes will each go up an average of 14%. Overall property tax collections for the 2020 tax year are $6.3 billion, an increase of $767 million or 13.7% from the previous year of $5.7 billion. Property tax was the first tax levied in the state of Washington. Today, property tax accounts for about 30 percent of total state and local taxes. The Washington Property Tax Initiative was not on the ballot in Washington as an Initiative to the Legislature, a type of indirect initiated state statute, on November 3, 2020. In Washington State, the property tax rate is 1.031% of the assessed value of a home for 2020. For instance, the property tax rate in King County is 0.953%, while nationwide it is 1.080%. The personal finance website WalletHub has released its 2020 Property Taxes by State report, which offers a comparison of annual property taxes across the United States. The Spokane City Council approved a 1% increase in property taxes in 2021 on Monday. For the 2020 tax … For median value single-family homes in Spokane, property taxes will increase $130 in 2018. The property tax increase is the largest allowed under state law and comes as … The exact property tax levied depends on the county in Washington the property is located in. 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