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Below is a snapshot of key features of Washington's tax system. (Scroll Down)
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State & Local Revenue (FY08)
- General Revenue, Own-Source (GROS): $43.4 billion
- General Revenue as a Share of Income: 15.7%
- Tax Revenue: $28.6 billion
- Tax Revenue as Share of income: 10.4%
- Personal Income Tax (Share of Tax Revenue): 0% (51 out of 51)
- Corporate Income Tax (Share of Tax Revenue): 0% (51 out of 51)
- Sales & Excise Tax (Share of Tax Revenue): 62.6% (1 out of 51)
- Property Tax (Share of Tax Revenue): 27.3% (33 out of 51)
- Other Taxes (Share of Tax Revenue): 3.6% (23 out of 51)
Personal Income Tax Features (2011)
- Range of Tax Rates: N/A
- Standard Deduction: N/A
- Personal Exemption: N/A
- Dependent Exemption: N/A
- Earned Income Tax Credit (EITC): Provides an EITC contingent on funding
- No broad based personal income tax
Corporate Income Tax Features (2011)
- Range of Tax Rates: N/A
- Income Level at Which Top Rate Applies: N/A
- Combined Reporting: N/A
- Apportionment Factor (Payroll): N/A
- Apportionment Factor (Property): N/A
- Apportionment Factor (Sales): N/A
Sales Tax Features (2011)
- State Sales Tax Rate: 6.50%
- Average Local Sales Tax Rate: 2.30%
- Average Combined State & Local Sales Tax Rate: 8.80%
- State Sales Tax Treatment of Groceries: Exempt
- Local Sales Tax Treatment of Groceries: Exempt
- Number of Services Taxed: 158 out of 168 surveyed
- Streamlined Sales Tax Membership: Full
Property Tax Features (2011)
- Does not provide a meaningful homestead exemption or circuit breaker for non-elderly taxpayers.
Other Tax & Revenue Features (2011)
- Gasoline Tax Rate (per gallon): $0.375
- Diesel Tax Rate (per gallon): $0.375
- Cigarette Tax Rate (per pack): $3.025
- Estate or Inheritance Tax: Yes
- Net Lottery Sales Per Capita: $70
Tax Policy Oversight
- Tax Expenditure Report: Yes
- Tax Incidence Analysis Capability: Multiple taxes
Last Updated August 25, 2011
Sources & Glossary
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