Tax Burden in ZIP Code 98501
Olympia, WA — Thurston County
At the median income of $58,000, the estimated total tax burden in ZIP 98501 is $16,722 (28.8% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$8,120
FICA
$4,437
Property Tax
$4,165
Total Tax Burden
$16,722
28.8% effective
Tax Details for ZIP 98501
ZIP code 98501 is located in Thurston County, WA, within the Olympia MSA metropolitan area. The area has a cost of living index of 112 (100 = national average), making it more expensive than most parts of the country.
The effective property tax rate is 0.98%. On the median home price of $425,000, this equals $4,165 per year ($347/month).
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