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For the 2023-2024 budget, sales tax is expected to generate $147.1 million, which is the city’s largest revenue source, followed by property tax at $135.5 million, business tax at $120.6 million ...
The combined state and local retail sales tax rates increase the taxes paid by consumers, depending on the variable local sales tax rates, generally between 7.5 and 10 percent. [1] As of March 2017, the combined sales tax rate in Seattle and Tacoma was 10.1 percent. [2]
Tax rates are set by local governments and can vary due to contributions to special districts; the combined sales tax ranges from 8.1% in parts of Pierce County to 10.6% in several Snohomish County cities, the highest rate in the state. [165] [166]
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
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While property values rose in 2022, statutory limits on property-tax rates reduced the rate by over a dollar in nearly every taxing district this year, ... P.O. Box 11621, Tacoma, WA 98411-6621 ...
The combined state and local retail sales tax rates increase the taxes paid by consumers, depending on the variable local sales tax rates, generally between 7.5% and 10%. [185] As of 2024 [update] , the combined sales tax rate in Seattle was 10.25%.
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