What are the different types of taxes I may need to pay in Washington?

In Washington, there are several types of taxes that individuals and businesses may need to pay. One of the most notable is the Sales and Use Tax, which applies to purchases of goods and some services. The rate can vary depending on the locality, as cities and counties may impose additional local taxes. Another important tax is the Business and Occupation Tax, often referred to as the B&O Tax. This tax is levied on a business's gross income, and rates will vary depending on the type of business activity. Most businesses operating in Washington are subject to this tax, which is distinct from a corporate income tax. Property taxes are also significant in Washington, as they are imposed on real property, including land and buildings. The amount due is generally calculated based on the assessed value of the property, and the revenue generated typically supports local services such as schools and public safety. For individuals, there may be additional taxes on specific forms of income, such as the state estate tax, which applies to the value of an estate above a certain threshold upon a person's passing. It is beneficial to visit the current web page of Washington Department of Revenue for comprehensive information on each tax type and the specific requirements for compliance. They provide valuable resources that can help clarify any questions regarding taxation in the state.