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Washington’s Millionaires Tax Could Send Wealthy Buyers to Las Vegas. Here’s What Agents Should Watch.

Washington has given wealthy households a reason to examine where they live. Las Vegas agents have a reason to pay attention, but they should distinguish a potential opportunity from a proven migration boom.

Washington’s Millionaires Tax Could Send Wealthy Buyers to Las Vegas. Here’s What Agents Should Watch.

Washington has given wealthy households a reason to examine where they live. Las Vegas agents have a reason to pay attention, but they should distinguish a potential opportunity from a proven migration boom. Governor Bob Ferguson signed Washington’s millionaires tax into law March 30. Beginning January 1, 2028, it imposes a 9.9% tax on Washington taxable income above $1 million, with initial returns and payments due in 2029. The first $1 million is exempt. This is an income tax, not…

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