Tag: Excise tax affidavit
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Understanding Washington’s Real Estate Excise Tax Exemptions
Buying or selling real estate in Washington typically triggers the obligation to pay Real Estate Excise Tax (REET) on the sale price. This tax is imposed on the seller and can represent a significant cost in any property transfer. However, not every transfer is a taxable “sale.” Washington law, specifically RCW 82.45 and the corresponding…