Understanding Tacoma Sales Tax and Related Taxes

It’s crucial to comprehend the local tax rates if you live in Tacoma, Washington, or if you’re thinking about moving there. The sales tax, which is levied on goods made inside the municipal limits, is one of the most significant taxes you’ll come across. What you should know about the Tacoma sales tax and other associated taxes is provided here.

Tacoma’s sales tax rate is 10.3% as of January 2021. This consists of a local sales tax of 2.2%, a county sales tax of 1.6%, and a state sales tax of 6.5. Accordingly, you must pay $10.30 in sales tax for every $100 spent in Tacoma on taxable goods or services.

It’s important to remember that some transactions in Washington state are free from sales tax. For instance, some groceries, prescription medications, and medical supplies are exempt from sales tax. When shopping somewhere in Washington, be sure to verify the local tax rates since some counties and towns may have different rates than Tacoma.

Property taxes are also due if you own property in King County, which includes Tacoma. The precise rate will be determined by the assessed value of your property and the local tax levies that are in effect. But as of 2021, King County’s typical property tax rate is about 0.93% of the assessed value.

Then, in which County is Bothell, Washington? Bothell is situated in the Washington counties of King and Snohomish. The city spans two counties, with some parts falling in Snohomish County and some in King County. This implies that depending on where they live inside the city, Bothell residents may be liable to various tax rates. What is Washington State’s highest sales tax rate?

Although Tacoma’s 10.3% sales tax is among the highest in Washington State, it is not the highest. The city of Skykomish, which has a sales tax of 11.5%, is responsible for this distinction. Along with South Prairie and Mabton, other cities with high sales tax rates are Buckley (11.3%), Mabton, and 11.2%. It’s important to keep in mind that because these cities are all very small, you can still end up paying more in sales tax overall if you purchase in a bigger city like Seattle or Tacoma.

Although Washington State’s sales tax is among the highest in the nation, it is not the highest overall. With a state sales tax of 7.25%, California is the rightful owner of this distinction. However, extra sales taxes are levied in several California towns and counties, bringing the overall rate in some places as high as 10.25%. Arkansas (9.53%), Tennessee (9.47%), and Louisiana (9.545%) are further states with high sales tax rates.

Finally, being aware of the varied tax rates in Tacoma and the neighborhood will help you prepare a budget and organize your spending. It’s crucial to be aware of the rates that apply in your area whether you’re paying property taxes or shopping for taxable items. You may make better financial decisions and prevent unpleasant financial surprises by keeping up-to-date on local taxes.