seattlecondoreview.com
New Progressive State Real Estate Excise Tax Will Significantly Affect Sellers of $1.5M+ Properties
Washington State lawmakers passed a bill that will implement a graduated Real Estate Excise Tax (REET), which will go into effect on January 1, 2020. What does that new graduated REET mean to you? Currently, the state taxes property sales at a single rate of 1.28%, which is typically accompanied by an additional county tax. In