In 2020, the state retail sales and use tax rate was 6.5% and as high as 10.4% in some municipalities. For instance, the property tax rate in King County is 0.953%, while nationwide it is 1.080%. For median value single-family homes in Spokane, property taxes will increase $130 in 2018. 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. Tim Eyman proposed two versions of the initiative: #1007 and #1015. Two changes in our state’s school funding formula will lead to a 13.7% increase in property tax collections in King County for the 2020 tax year. It continues to be the most important revenue source for public schools, fire protection, libraries, and parks and recreation. 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. 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. This number is different for various counties across the state. 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%. 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 property tax increase is the largest allowed under state law and comes as … An immediate increase of $0.30 per $1,000 of value property tax increase resulted for the state school levy in 2020, he said. 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. 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