property tax

A bill in the Washington House is proposing the creation of a new property tax category of 4% on property valued at over $5 million. Proponents of House Bill 1628 (HB 1628) say wealthy people who sell property valued at over $5 million can afford to pay the additional tax rate...

The 7-2 decision affirming the law means there'll be a 7 percent tax on sales of stocks or bonds totaling more than $250,000 beginning this year.