
A competitive tax rate.
Through tax incentives, deferrals, credits and offsets targeted to specific high growth industries, Washington State offers highly successful businesses a competitive advantage few states can offer.
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 | National Average | |
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.