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Effective Jan. 1, 2020, ESSB 5998 made changes to the real estate excise tax program. Some of these changes include: A graduated state REET rate structure for sales of real property.
- REET Forms
Real Estate Excise Tax Supplemental Statement Fill-in;...
- WAC 458-61A-303
This section explains when a real estate excise tax...
- RCW 82.45
Single-family residential property, tax credit when...
- County Assessor and Treasurer Websites
Note: Property tax is administered by local governments....
- Water Rights Transfers
Contact the Audit Division through email at...
- Request a Tax Ruling
Complete this form to request a tax ruling for your...
- Apply for a Tax Refund
If you are a consumer and you believe you have overpaid...
- Disaster Relief for Taxpayers
Filing extension for excise tax returns Late payment penalty...
- REET Forms
Effective January 1, 2020, the state REET tax rates are based on the taxable selling price and the predominant use of the parcels in the transaction. The REET affidavits will be used to calculate the state tax due.
This tool can calculate the transfer/excise taxes for a sale or reverse the calculation to estimate the sales price.
Real estate excise tax exemptions (commonly used) There are limited exemptions to REET. Below is an overview of the most commonly used exemptions. However, it is important you review the full text and examples prior to claiming an exemption. The information below is intended as a general guide.
14 mar 2024 · In Washington, all real estate sales are subject to a transfer tax known as a real estate excise tax, or REET. Washington's current transfer tax rate is $1.10 to $3.00 per $100. So, for a house worth $591,095 — the median home price in the state — the transfer tax due will be $6,502.
28 mar 2024 · The State of Washington levies a real estate excise tax (REET) upon most sales of real property. The tax is calculated based on the full selling price, including the amount of any liens, mortgages, and other debts given to secure the purchase.
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