TAX COMPARISONS CLARK COUNTY WASHINGTON / MULTNOMAH COUNTY OREGON
Many choose to look for homes for sale in Vancouver Washington or buy a home in another Southwest Washington area because of the significant tax savings that can be enjoyed in Washington state compared to the Portland Oregon area and many other states as well. You may be able to save $1000s!
Washington state does not tax retirement income, including income received in Oregon or any other state.
Oregon residents paytaxes on retirement income from any source.
Other Comparisons Between Oregon and Washington
Oregon residents pay taxes on their income regardless of its source. This includes not only earned wages but also interest and dividends, retirement income, rental income, and unemployment benefits. Washington state residents are not taxed on these sources of income, nor on such intangible assets as bank accounts, stocks, or bonds. Washington does impose an excise tax of 1.78% on sales of real estate, while Oregon does not. To read an article about tax advantages, including for businesses, of relocating to Vancouver Washington from PortlandCLICK HERE.
Property Taxes
For more information on property tax rates in the Portland Oregon - Vancouver Washington Metropolitan Area, contact:
Multnomah County Tax Assessor: (503) 988-3367
Clark County Tax Assessor (360) 397-2391
Clackamas County Tax Assessor: (503) 655-8302
Washington County Tax Assessor: (503) 846-8741
Cowlitz County Tax Assessor: (360) 577-3010
For information on BUSINESS/CORPORATE TAXES in Clark County Washington CLICK HERE To read an artlcle on BUSINESS/CORPORATE TAXES in Portland Oregon vs. Vancouver Washington CLICK HERE
Questions? Feel free to contact me any time. CLICK HERE
Above information is from reliable sources but not guaranteed. You are advised to consult with a tax professional to confirm all tax information and how it applies to you.
Carol Sundstrom, M.A., ABR, e-Pro, and Your Guide to Good Living in Clark County WA! COLDWELL BANKER BARBARA SUE SEAL PROPERTIES Vancouver Square at The Mall (360) 449-4364 or (360) 513-5067 carolsundstrom@cbseal.com