Seattle, WA — income, home value, property tax, and sales tax.
In ZIP code 98112, on Seattle's east side, households earn a median of $171,572, with per-capita income at $133,171. Homes here carry a median value of $1,549,100, and the county-level effective property tax rate of 0.83% translates into a substantial annual bill on that valuation. Combined with a sales tax rate of 10.55%, the two taxes together shape the cost picture considerably. High earnings accompany high housing costs, so the property tax outlay is sizable in dollar terms even though the rate itself sits below some parts of the country.
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