Washington taxes and the level of taxes compared to other states is a consideration for retirees moving to Sequim and Port Angeles. How do Washington taxes compare to other states. Washington does not have an income tax, so retirement income is not taxed. We do have a sales tax of 9% and we have real estate taxes and local bond issues.
Washington Taxes Compared
If you enlarge the above map by clicking on it, you will see that Washington taxes are less than most states, and Washington is rated number 35 out of 50 states. Retirees are escaping from the red states where taxes are the highest. No wonder so many Californians are moving to Sequim. Of course, the wonderful climate and the lifestyle and outdoor beauty are major reasons people move to Sequim, too.
Washington Taxes
If you move to Sequim or Port Angeles, you pay no income tax on your retirement income, but you will pay a sales tax of about 9% on all purchases. That can add a lot to the price of a new car. We do have an excise sales tax on the sale of real estate, which is 1.78% of the sales price. Annual property tax rates are reasonable and in the middle of the road compared to other states. Overall Washington taxes are low for retirees.
Last Updated on December 11, 2013 by Chuck Marunde
