Choosing between real estate in Oregon & Washington? Consider the taxes1.23.17
Homebuyers relocating to the Portland-Vancouver region have the flexibility of choosing a home in either Oregon or Washington. The two cities and their outlying areas each boast beautiful neighborhoods, upscale shopping and dining districts, high-performing schools and world-class events.
Living in Washington, however, has one benefit Oregon can’t match: no income tax.
Though Washingtonians pay sales tax while Oregonians do not, they’re keeping more of their annual income — to the tune of nearly 10 percent — by living in a state without income tax. And with Portland just a short drive over the bridge, southwest Washington residents can still take advantage of its attractions and its duty-free shopping.
Luxury real estate agent Terrie Cox was born and raised in Oregon, but she calls Washington home because it makes sense for her business and her budget. She cautions that those who live in Washington must work in the state to avoid paying income tax. It’s tempting to consider commuting to a job in Portland then back home to Vancouver, but you would not be exempt.
Terrie, RE/MAX’s top broker in both states, works with her clients to buy and sell some of the Pacific Northwest’s most spectacular properties. Call or text her directly at (360) 607-4100 or email firstname.lastname@example.org to talk about your next move to Oregon or Washington.