Washington Mortgage Calculator
Calculate your monthly payment in Washington, with property tax included using the state's effective rate of 0.81%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Washington: the numbers
Property tax in Washington runs lower than the national picture. The effective rate of 0.81% compares with 0.92% nationally, a difference of 12%, and Washington shares 24th place with Oregon when the 50 states are ranked from highest rate to lowest.
Looking at the median home in Washington ($564,600), the median annual property tax is $4,556. Divided by twelve, that is about $380 each month.
| Effective property tax rate | 0.81% |
|---|---|
| Median home value | $564,600 |
| Median annual property tax | $4,556 |
| Rank by rate (1 = highest of 50) | 24 (tied with Oregon) |
| Difference vs 0.92% national average | 0.11 points below (12% below) |
What this means for your monthly payment
Two worked examples for Washington, using the figures above:
Example 1: the median home
$4,556 per year ÷ 12 = about $380 per month in property tax (median home value: $564,600).
Example 2: a $300,000 home
$300,000 × 0.81% ÷ 12 = about $203 per month, or $2,430 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Washington it is about $2,430, which is $330 less per year (about $27 less per month).
Compare with similar states
States ranked just above and just below Washington by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Minnesota — 1.02% (rank 19)
- Maine — 1.02% (rank 19)
- North Dakota — 0.99% (rank 21)
- Maryland — 0.97% (rank 22)
- Missouri — 0.85% (rank 23)
Washington property tax FAQ
What is the property tax rate in Washington?
The effective property tax rate in Washington is 0.81%. That is 12% below the 0.92% national average, and the state shares 24th place with Oregon when the 50 states are ranked from highest rate to lowest.
How much is property tax on a $300,000 home in Washington?
At Washington's effective rate of 0.81%, property tax on a $300,000 home works out to about $2,430 per year, or about $203 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Washington is about $330 less per year.
How much is property tax on the median home in Washington?
The median home value in Washington is $564,600, and the median annual property tax is $4,556, which is about $380 per month.
Does the property tax rate vary inside Washington?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.81% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.