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Information about the taxes of most interest to businesses are listed below. A helpful overview is published by the Washington State Department of Revenue:
Washington's property tax system is a significant source of revenue for state and local governments, including the City of Edmonds. In Snohomish County, property tax assessment is performed by the County Assessor’s Office and collection performed by the County Treasurer’s Office. Property tax revenues are then distributed to the City and other governments as appropriate.
Although property taxes represent a significant source of funding for City services, the portion of each property owner’s tax bill that is distributed to the City is approximately 21%. In 2011, the total property average tax rate in Edmonds is $9.95 per $1,000 of assessed valuation, with $2.12 (per $1,000 assessed valuation) of that going to the City of Edmonds.
The links below provide information to help property owners understand how property taxes are calculated and collected:
The retail sales tax is Washington’s principal tax source. Local retail sales and use taxes provide important funding sources for local governments, including the City of Edmonds. Sales and use taxes are collected by the state Department of Revenue. The state portion is deposited in the state General Fund. City and county taxes are returned to the local governments. Specifically designated taxes must be used to operate the program(s) they fund. The Sales and Use tax rate collected within the City of Edmonds = .095 (City of Edmonds = .030 and the State of Washington = .065)
This tax is imposed on utilities. Typical business activities affected by this tax are telephone, cellular, gas, electric, cable and garbage. The rate is 6%. City-operated utilities (water, wastewater / sewer, and stormwater) also are subject to a utilities tax of 11.5%.