Transfer Of TitleTaxesMEDIUM
Washington's Real Estate Excise Tax rate is:
Correct Answer
B) Graduated based on sale price, ranging from 1.1% to over 3%
Washington's REET uses a graduated rate structure based on the sale price, with rates increasing for higher-priced properties.
Answer Options
A
A flat 1%B
Graduated based on sale price, ranging from 1.1% to over 3%C
No transfer taxD
0.5% flatVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
real-estate-closing-costsproperty-taxation-basicsstate-specific-real-estate-regulations
Key Terms:
Real Estate Excise TaxREETRCW 82.45graduated transfer taxWashington property transfer
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