Are You in the Middle Class? Here Are the Most Tax-Friendly States!

Photo by dibrova from Envato Elements

5. Washington

  • State Income Tax Range: None
  • The Average Combined State and Local Sales Tax Rate: 9.23 percent
  • The Median Property Tax Rate: around $929 per $100,000 of assessed home value

Washington sits proudly on this list due to its no income tax, and, unfortunately, this is the only reason. Why? Because sales taxes in the Evergreen State are really high at 6.5 percent. Also, its average combined state and local sales tax rate is actually the fourth-highest in the U.S., according to the Tax Foundation.

We can say that property taxes here are relatively modest, but, they aren’t that good when compared to other states. To be more specific, for a home valued at $300,000, residents have to pay approximately $2,787 every year.

PREV 1 ... 5 6 7NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

related posts