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Washington's Real Estate Excise Tax rate is:

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Audio Lesson

Duration: 2:02

Question & Answer

Review the question and all answer choices

A flat 1%

Graduated based on sale price, ranging from 1.1% to over 3%

Correct Answer

No transfer tax

0.5% flat

Why is this correct?

Washington's REET uses a graduated rate structure based on the sale price, with rates increasing for higher-priced properties.

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