Taxes in Lakewood, Washington
Complete tax guide for Lakewood, WA. No state income tax, 0.94% property tax, 7.3% sales tax. Calculate your total tax burden.
State Income Tax
None
Washington
Property Tax
0.94%
Effective rate
Sales Tax
7.3%
Combined rate
Tax Burden
Low
Lakewood, WA Tax Overview
No state income tax; higher sales and B&O taxes
Population
65,969
Median Income
$77,700
Cost of Living
109.9 (100 = avg)
State Income Tax
None
Median Home Price
$569,000
Lakewood Tax Calculator
Pre-filled with Lakewood median: $77,700
Total Tax Burden in Lakewood
$14,652
Take-Home: $63,048 · Effective Rate: 18.86%
Federal Tax
$8,708
11.21% eff.
WA State
$0
0.00% eff.
FICA
$5,944
7.65% eff.
Take-Home
$63,048
81.14% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $77,700.00 | $6,475.00 |
| Federal Income Tax | -$8,708.00 | -$725.67 |
| Washington State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$4,817.40 | -$401.45 |
| Medicare (1.45%) | -$1,126.65 | -$93.89 |
| Take-Home Pay | $63,047.95 | $5,254.00 |
Property Tax in Lakewood
Median Home
$569,000
Annual Tax
$5,349
Monthly Tax
$446
Effective Rate
0.94%
Sales Tax in Lakewood
Combined Rate
7.3%
State Portion
~4.8%
Local Portion
~2.5%
The combined sales tax rate in Lakewood is 7.3%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.30 in sales tax.
Tax Burden Comparison
| Tax Type | Lakewood | Washington Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.94% | ~0.94% | 1.1% |
| Sales Tax | 7.3% | ~7.3% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for Lakewood Residents
- Washington has no state income tax, meaning your income is only subject to federal taxes and FICA. Consider investing your tax savings into a Roth IRA for tax-free growth.
- Property tax in Lakewood (0.94%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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LowCalculate Your Full Washington Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Lakewood, WA?
Lakewood, Washington has no state income tax. The property tax rate is 0.94% and the combined sales tax rate is 7.3%. No state income tax; higher sales and B&O taxes
How much is property tax in Lakewood?
The effective property tax rate in Lakewood is 0.94%. On the median home price of $569,000, this equals approximately $5,349 per year or $446 per month. This is below the national average of 1.1%.
What is the sales tax rate in Lakewood?
The combined sales tax rate in Lakewood is 7.3%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Lakewood's tax burden compare to other cities?
Lakewood has a low overall tax burden. The effective total tax rate for a median-income household is approximately 24.3%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 109.9 (100 = national average).
Are there any local taxes in Lakewood?
Lakewood does not impose a separate local or city income tax. Residents pay no state income tax, federal income tax, and FICA (Social Security and Medicare). No state income tax; higher sales and B&O taxes