City of LakewoodPrivate property and business in Lakewood are levied a property tax which is collected in two installment each year, in April and October. As of June 2011, the tax is 13.47 per $1,000.00 valuation of the property. The Pierce County Assessor-Treasurer’s office collects the tax and distributes it to the following governments and agencies:
| Clover Park School District | $4.79 per $1,000.00 |
| Lakewood Fire District | $2.77 per $1,000.00 |
| State of Washington | $2.27 per $1,000.00 |
| Pierce County | $1.29 per $1,000.00 |
| City of Lakewood | $1.16 per $1,000.00 |
| Emergency Management Services | $0.50 per $1,000.00 |
| Pierce County Library | $0.50 per $1,000.00 |
| Port of Tacoma | $0.18 per $1,000.00 |
The estimated property tax revenue for the City of Lakewood for 2011 is $6.121 million.
