Seattle, WA — income, home value, property tax, and sales tax.
In ZIP code 98057, near Seattle, homes carry a median value of $648,800, and the county's 0.83% effective property tax rate works out to roughly $5,385 a year on such a home. With median household income at $68,552, that tax bill equals about 7.9% of annual earnings before any mortgage payment. Per-capita income reaches $49,543. A combined sales tax of 10.50% adds further cost to daily purchases, tightening the gap between what households bring in and what living here demands.
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