What to Expect From Property Taxes in Redmond, WA in 2026

by Ranjani Ravi

Washington's property tax system is budget-based, meaning local levies are set to raise a specific dollar amount rather than floating up and down with market prices.

Key takeaway

Your Redmond property tax bill equals King County's assessed value times your parcel's levy rate. Budget from the parcel record, not the purchase price or the listing's tax line. Washington limits how fast regular levies can grow, so falling prices tend to raise the rate rather than cut the bill. If you already own and your value notice looks high, the alternative to waiting is an appeal to the King County Board of Equalization.

Who this guide is for

You're pricing a Redmond home or already own one, and you need to work out what the yearly property tax will be and whether it's likely to change.

How property taxes work in Redmond

Redmond's uneven price slide shifts the tax load between homes instead of shrinking it. In the 90 days ending September 30, 2026, compared with a year earlier:

single-family prices slipped 2.4%
condos fell 32.1% on 32 sales
the all-homes median fell 8.1%

If King County's next valuation follows those sales, houses will carry a larger share of the levies.

Who sets the value and who sends the bill

The King County Assessor sets the property's value, and King County Treasury bills and collects the tax. The City of Redmond does not send property tax bills. It receives one slice of what the county collects.

Assessed value vs. market value

King County revalues every parcel each year at market value. For taxes paid this year, most properties are valued as of January 1 of last year. When prices fall, the assessed value on file can sit above the market value of Redmond homes today, so check it before treating it as a fair baseline.

Why falling prices don't cut the bill in step

Under state law, a taxing district's regular levy generally cannot grow by more than 1% a year plus allowances for new construction. Because the dollars collected are capped, a drop in total assessed values makes the rate rise so districts collect about the same money. Your own bill moves with how your home's value changed relative to other parcels sharing the levy.

What the levy rate per $1,000 means

Your annual tax is your assessed value divided by 1,000, times the levy rate. That rate is the sum of every district's levy for your tax code area. Two neighboring parcels in different codes can carry different rates.

Voter-approved levies on top

School and other voter-approved levies and bonds sit outside that cap. A levy passed at the ballot can raise your bill whatever home prices do. Check upcoming King County ballot measures for the parcel's districts.

How to use this guide

Are you buying or do you already own?

Buyers should start with the worked examples and "Will your tax bill change after you buy?" Owners should go to "Exemptions, deferrals and appeals." Owners selling within a year should also read the buyer section, because buyers will question the tax line on your listing.

Is the home inside Redmond city limits?

Listing portals often label unincorporated parcels as Redmond. Read "Redmond-area addresses with different levy codes" before using the city rate.

Is it a condo, townhouse or house?

Each worked example uses that type's median sale price and covers its own catch. Your parcel's assessed value is still the number that counts.

Does the current statement show an exemption?

If it does, the listing's tax figure understates your future bill. See "The seller's exemption leaves with the seller."

Redmond property tax rate

Redmond is split into several King County tax code areas, so the 2026 levy rate varies by code. The differences depend on which fire, library, hospital and school-district overlays apply.

Rate for City of Redmond parcels

For 2026, the levy rate for the primary City of Redmond tax code area (code 2025) is $8.39862 per $1,000 of assessed value. Other codes include 2010 at $7.76731 and 2053 at $7.90223. Check which code your parcel's statement shows.

How the rate changed from last year

The median Redmond levy rate for 2025 was $7.84566, and the district's rate rose by 0.19076 overall for 2026. A higher rate doesn't automatically mean a higher bill. That depends on how your assessed value moved relative to the rest of the county.

State school levy

In the Redmond tax code area, the state school levy rose from 1.46119 in 2025 to 1.46154 in 2026. The state sets it and spends it on schools statewide, so local votes don't change it.

Lake Washington School District levies

Local school levies and bonds apply to most City of Redmond parcels and appear as separate line items on the county breakdown. Confirm the district with the Lake Washington School District boundary lookup rather than relying on an address or a listing's schools information.

City of Redmond levy

The city's levy funds municipal services and appears as its own line item. Unincorporated parcels with Redmond addresses don't pay it. They pay county levies for services the city would otherwise provide.

King County and regional levies

The county-wide regular levy fell to 0.49743 for 2026. Voter-approved lid lifts sit on top of it, covering:

the Crisis Care Center
the Transportation District
the Marine District
Conservation Futures
the county hospital

Each renews on its own schedule, and your statement lists which ones apply.

What the rate doesn't include

Special assessments and surface water charges are flat fees, not a percentage of value. HOA dues are separate from property tax entirely. Both weigh more on a lower-priced condo's total holding cost than on a house's.

Property tax on a Redmond home: worked examples

These examples apply the code 2025 rate to recent median sale prices. For illustration only, they assume assessed value equals the type's median. The figures are annual totals before flat charges or HOA dues.

Single-family house

The single-family median sale price was $1,541,885 over the 90 days ending September 30, 2026, which works out to roughly $12,950 a year. Houses held value best, so a house's share of the levy is the most likely to grow at the next valuation.

Townhouse

The townhouse median was $875,010, giving about $7,349 a year. That median rests on only 19 sales. Newer townhomes may also have been assessed before construction finished, so check for omitted taxes.

Condo

The condo median was $406,958 on 32 sales, giving roughly $3,418 a year, about a quarter of a median house's bill. Add HOA dues and flat charges before comparing. After the steepest price drop of any type, a condo's assessed value may now sit above what similar units sell for.

What it adds to your monthly payment

The single-family example adds about $1,079 a month. Lenders collect it through escrow and pay the county. Escrow is recalculated after the first year, so your payment can jump if the levy or assessed value rises.

Will your tax bill change after you buy?

The tax line on a listing is the seller's bill, and yours can differ.

The listing shows last year's bill

The listing's tax line reflects a prior valuation and the seller's situation, and portals don't always update it when a new statement comes out. Before an offer, pull the current King County statement and parcel record with its levy code.

A sale doesn't reset the value

In Washington, buying a home doesn't trigger a new assessment at your purchase price, because the county relies on annual mass appraisals. Paying less than the assessed value doesn't lower your bill by itself. You'd need to appeal at the next notice.

The seller's exemption leaves with the seller

Senior and disabled exemptions are tied to the owner, not the house, and end at sale. The listing may not label one, so look for an exemption code on the statement. If there is one, expect your bill to be noticeably higher.

New construction and omitted taxes

Homes finished after the valuation date can receive a new-construction or omitted assessment, a bill for value the earlier statement missed. It can reach back up to three prior years and can arrive after closing. Ask the builder or escrow how the partial-year value was handled and whether an omitted-tax bill is likely.

Prorated taxes at closing

Buyer closing costs include a property tax proration, split by the days each party owns the home. Check the settlement statement for whether the seller paid the first half, since that changes the credit.

Redmond-area addresses with different levy codes

A Redmond mailing address doesn't guarantee you'll pay the City of Redmond levy rate. Postal boundaries reach into unincorporated King County, where parcels fall in other tax code areas. Confirm the parcel's code on the King County Assessor record before applying the city rate.

Redmond Ridge

Redmond Ridge has a Redmond address but sits outside city limits. It carries no City of Redmond levy and pays the county levies for that unincorporated area instead. To compare it with a home inside the city, add each parcel's full levy rate, plus Redmond Ridge HOA dues. No city levy doesn't mean a smaller total bill.

North Redmond

North Redmond parcels may fall on either side of the city boundary, so homes on nearby streets can carry different rates. Compare the parcel records, not the neighborhood name.

Southeast Redmond

Southeast Redmond has newer construction, so verify the tax code area with the county. A recently completed home may not have a full-year assessed value yet, and the first full bill can be higher than the listing suggests.

Idylwood

Idylwood needs the same check of city-limit status and tax code area. Higher-value parcels pay more in dollars at the same rate, so read the assessed value on the record, not the area's reputation.

Exemptions, deferrals and appeals

Relief programs depend on income, not age alone, and appeals run on strict deadlines. This is general information, not tax or legal advice. Confirm eligibility with the King County Assessor or the Washington Department of Revenue.

Senior and disabled persons exemption

For the 2026 tax year, King County's senior citizen and disabled persons exemption requires combined disposable household income of $84,000 or less. Its relief tiers can freeze your home's value or exempt you from excess levies. You have to apply and keep qualifying. The exemption ends when the home sells or is no longer your primary residence.

Property tax deferral

Washington offers two deferral programs:

one for seniors and disabled persons
one for homeowners with limited income, regardless of age

Under both, the state pays the taxes on your behalf. The deferred amount becomes a lien that accrues 5% simple interest, repaid when the home is sold, the owner dies, or the home stops being the primary residence.

Check your value notice

The county mails change-of-value notices on a rolling basis, generally from spring through Labor Day. The appeal window opens with the notice and is short, so don't wait for the tax bill.

File with the King County Board of Equalization

File by the later of July 1 of the assessment year or 60 days after the mailing date printed on your valuation notice. You can file online, by mail or in person. Missing the deadline usually means waiting a full year.

Gather sales evidence

You'll need comparable sales that closed near the January 1 valuation date. Current market trends showing lower prices may carry little weight if those sales closed well after that date.

Hearing and further appeal

If you disagree with the Board of Equalization's decision, you can appeal to the Washington State Board of Tax Appeals. A successful appeal lowers your share of the levy, not the levy itself. You keep paying the bill while the appeal is pending.

How to look up and pay your Redmond property tax bill

Even if your lender pays through escrow, check the parcel record to confirm payments post and to spot changes early.

Find your parcel number

Search the King County Assessor's records by property address. Condos have one parcel per unit, so make sure you pick the unit, not the building.

Read the levy breakdown

The parcel record shows your tax code area, the rate per district and any active exemptions. Next year's voter-approved levies won't appear yet.

Pay online, by mail or in person

King County Treasury accepts payment online, by mail or in person. Check its payment page for method fees before paying online. With an escrow account, the lender usually pays.

Due dates and late charges

The first half is due April 30 and the second half October 31. Monthly late charges begin accruing the day after the April 30 due date. A statutory 8% penalty hits delinquent taxes on December 1. If your lender misses a payment, the charges still land on the parcel, so confirm it posted.

At a glance

All homes median sale price: $1,194,406, down 8.1% year over year (144 sales, 90 days ending 2026-09-30)
Single-family median sale price: $1,541,885, down 2.4% year over year (93 sales, 90 days ending 2026-09-30)
Townhouse median sale price: $875,010, down 4.1% year over year (based on only 19 sales, 90 days ending 2026-09-30; treat with caution)
Condo median sale price: $406,958, down 32.1% year over year (32 sales, 90 days ending 2026-09-30)
All homes median sale-to-list ratio: 97.4% (90 days ending 2026-09-30)

Redmond property tax FAQs

Is Redmond's sales tax over 10 percent?

Yes. The combined rate for Redmond (location code 1724) is 10.40% for Q1 and Q2 2026: 6.50% state plus 3.90% local, because Redmond is inside the Sound Transit RTA boundary. The Redmond Non-RTA area's combined rate is 9.00%.

How do Redmond property taxes compare with the rest of Washington?

Redmond's main city rate sits between Bellevue at $7.42658 and Seattle at $9.90845. The most recent statewide average was $8.96 for taxes due in 2025. Redmond vs. Bellevue costs also depend on home values, since higher values mean bigger bills at a similar rate.

Are groceries taxed in Redmond?

Mostly no. Most grocery-type food is exempt from retail sales tax, but prepared food, soft drinks and dietary supplements remain taxable.

What isn't taxed in Redmond, WA?

Washington has no state personal income tax. Real estate sales and retirement-account assets are exempt from the state's capital gains excise tax, which is 7% on the first $1,000,000 of Washington capital gains.

Who pays real estate excise tax when a Redmond home sells?

The seller customarily pays it as part of seller closing costs. Washington's graduated state rate for 2026 starts at 1.10% on the first $525,000 and rises to 3% on any portion above $3,025,000.

Is Redmond part of Seattle for property taxes?

No. Redmond is a separate King County city with its own levy, and Seattle's city rate is higher. For Redmond vs. Seattle costs, compare each parcel's rate and assessed value, not the city name.

Can you deduct Redmond property taxes on your federal return?

It depends on the charges on your bill, since some flat special assessments may not qualify. Ask a tax professional before relying on any federal deduction for property taxes or other charges.

Do Redmond condo HOA dues include property taxes?

No. HOA dues pay association costs, not the unit's property tax, which is billed on the unit's own parcel. Ask the HOA what current dues cover.