About Your Taxes
Property Tax
Clyde Hill residents enjoy one of the lowest City property tax rates ($0.31986 per $1,000 of assessed property value) of all the 39 King County cities/towns! Although property taxes are a City's main source of operating revenue, Clyde Hill will receive less than 4.5% of the total amount residents pay to fund all local government services such as Police, Fire, Streets, and Stormwater. The remaining 95.5% in property taxes is paid to King County, Washington State Schools, Bellevue School District, Sound Transit, the Port of Seattle, King County Libraries, Bellevue Fire and EMS, and the King County Flood Control District. Your City property taxes fund about 25% of City operations.
Information about your property taxes can be found at King County.
Sales Tax
The City receives less than 1% (.85%) of the 10.1% sales tax paid for goods and services purchased in Clyde Hill. The following table shows how your sales tax is distributed for common goods and services purchased in Clyde Hill:
| Jurisdiction | Rate |
| State of Washington | 6.50% |
| King County/METRO | 0.90% |
| King County Criminal Justice Levy | 0.10% |
| City of Clyde Hill (0.15% remitted to King County) | 1.00% |
| Regional Transit Authority (Sound Transit) | 1.40% |
| Expand Metro Bus Service (Effective 04/01/07) | 0.10% |
| King County Mental Health Treatment Services (Effective 04/01/08) | 0.10% |
| Total Sales Tax Rate | 10.1% |
The most important Sales Tax revenue source for the City comes from building new homes and major remodeling projects. Other important sales tax contributors include automobile leasing, landscaping, sales at the local gas station, and the Queen Bee Café.
Companies report Sales Tax Number 1708 when filing their sales tax collections to the Department of Revenue. This ensures a portion of the sales tax you pay will be returned to the City and used for local projects and services. Because the City shares a zip code with Bellevue, the sales tax may accidently go to Bellevue if companies do not report the correct code to the Department of Revenue.
Utility Taxes and Franchise Fees
The City relies on Utility Taxes and Franchise Fees as a primary operating revenue source. These taxes and fees are imposed on companies that have their facilities located in or use the City's rights-of-way for their business. It is their decision whether or not they pass those costs on to you, their customers.
Clyde Hill utilities are taxed in the following way:
| Company - Service | Utility Tax Rate | Franchise Fee Rate |
| PSE Electricity | 6% | 0% |
| PSE Gas | 6% | 0% |
| Century Link Phone (local access) | 6% | 0% |
| Republic Services Garbage | 6% | 5.5% |
| Comcast Cable TV | 9% | 5% |
| (Various carriers) Cellular Phone | 6% | 0% |
| Bellevue Water | 0% | 10% |
| Bellevue Sewer | 0% | 10% |
