B&O TAXES: How much City B&O tax do I owe?
The amount of B&O tax owed is 0.2 of one percent of the taxable amount of gross revenue received during the reporting period.
To calculate your tax owed, you would take your Gross Revenue amount (- less any applicable deductions) and multiply the result by x .002.
For further information or details, please review Port Townsend Municipal Code, Section 5.04A - Business & Occupation Tax.