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(The Center Square) – Seattle voters have approved the largest tax proposal in city history, with revenue going toward transportation needs. Tuesday night results show the levy receiving 67% of ...
The tax was proposed after the state’s 7% tax on the sale or exchange of long-term capital assets was upheld by voters during the 2024 general election. Approximately 816 Seattle residents would ...
The tax collected more than $890 million in revenue in its first year, [23] significantly exceeding the approximately $500 million in revenue initially projected. [24] The Department of Revenue projects the tax will bring in over $5 billion over the next 6 years. [25] Fewer than 4000 people pay the tax, [3] and 85% of the revenue comes from ...
The other measures included in Frame’s email would raise the annual cap on property tax increases from 1% to 3%, raise taxes on the sale of real estate valued over $3 million from 3% to 4% ...
The Transit Now ordinance, [80] passed by the King County Council on September 5, 2006, and signed by Executive Sims on September 11, 2006, forwarded the tax proposition to the voters and identified the programs to which operating revenue generated from the sales tax increase could be appropriated. The measure was approved by 56.62% of King ...
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]
(The Center Square) – A proposed capital gains tax in Seattle failed to get a "pass" recommendation out of the Select Budget Committee, with Council Bill 120908 garnering a 4-4 vote, including ...
When staying at a hotel (60+ rooms capacity) in Seattle, the sales tax is 15.6%. The lowest combined state, county, and municipality sales tax rate in Washington is 7% in most of Klickitat and Skamania counties, while the highest combined sales tax in Washington is the 10.4% in some parts of Snohomish County. [216]