Washington DOR Announces Calendar Year 2022 Interest Rate for State Tax Assessments, Refunds

The Washington Department of Revenue (DOR) July 7 published a research report on interest rates on individual income, sales and use, property, excise, and estate taxes for calendar year 2022. The 2022 interest rate for assessments and refunds is 2 percent. The DOR clarified that the method for calculating the interest rates is set forth in Wash. Rev. Code Sections 82.32.050 and 82.32.060. The DOR also provided a history of interest rates. [Wash. Dep’t of Revenue, Research Report No. 2021-5, 07/07/21]

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