A competitive tax rate.
Washington State offers businesses many tax advantages, including no personal or corporate income tax and tax incentives, deferrals and credits for specific high growth industries.
The Tax Foundation has ranked Washington State #6 nationwide as the Best Business Tax Climate and MoneyRates.com ranked Washington as the Best Place to Make a Living, based on income taxes, cost of living, unemployment rates and workplace environment.
The state's overall taxation is relatively low compared to other states:
|Washington State||National Range|
|Unemployment Insurance||.17 - 5.84%||0 - 15.09%|
|Worker's Comp Index Rate||2.11%||1.01 - 3.01%|
|Corporate Income Tax||0||15 - 35%|
|Sales Tax||6.5%||0 - 7.5%|
|Average Property Tax (as % of income)||2.91%|
For more information on investment opportunities in Washington State, contact a member of our Business Development team.
Washington State Overview