Are Real Estate Taxes the Same as Property Taxes? (West Seattle Homeowner FAQ)

This is a common question among West Seattle homeowners — and the short answer is yes, they usually are. The terms real estate taxes and property taxes are often used interchangeably, especially in everyday real estate conversations. However, understanding how these taxes work is an important part of owning property in West Seattle real estate.

What Are Property (Real Estate) Taxes?

Property taxes — also called real estate taxes — are local taxes based on the assessed value of your home and land. In West Seattle, these taxes help fund schools, public safety, infrastructure, and community services. Your local taxing authority determines:

• Your home’s assessed value
• The tax rate
• How and when taxes are billed

Why the Two Terms Exist

“Property taxes” is a broader term and can include taxes on real estate and, in some states, personal property. “Real estate taxes” usually refer specifically to land and buildings. For West Seattle homeowners, both terms typically mean the same thing: the annual tax you pay on your home.

How Are Property Taxes Paid in West Seattle?

Most homeowners pay property taxes in one of two ways:

• Directly to the county (often semi-annually), or
• Through an escrow account as part of their monthly mortgage payment

If you have a mortgage, your lender usually collects and pays these taxes on your behalf.

Do Property Taxes Change?

Yes. In West Seattle, property taxes can change if:

• Your home’s assessed value increases
• Tax rates are adjusted
• You renovate or improve your home

That’s why it’s smart to review your tax assessment regularly, especially if you’re buying or selling in the West Seattle real estate market.

Bottom Line

For most homeowners, real estate taxes and property taxes are the same thing — just different names for the same local tax based on your home’s value.

If you have questions about how property taxes affect buying or selling a home in West Seattle, a local real estate professional can help you understand the numbers and avoid surprises.