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Property Tax Resources

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Washington Property Tax Updates

Updated december 2019

Washington’s Tax on Transfers of Real Estate Is Changing

A rush to close large real estate transactions in Washington occurred at the end of 2019 due in part to a legislative amendment to the state’s real estate excise tax starting January 1, 2020. The real estate excise tax applies to sales of real estate or a controlling interest in an entity owning real estate in Washington. Through 2019, the tax was typically 1.78 percent of the real estate value, based on a state component (1.28 percent) and local component (typically 0.5 percent). The state component will change to a graduated rate structure resulting in a top combined rate of 3.5 percent:

Value -- State Component Tax Rate

  • up to $500,000: 1.1%
  • $500,000 to $1.5 million: 1.28%
  • $1.5 million to $3 million: 2.75%
  • above $3 million: 3%

Property valued at $1.8 million or more will see an overall increase in real estate excise tax under the new rate structure.

Michelle DeLappe
Foster Garvey
American Property Tax Counsel (APTC)

Virginia Property Tax Updates
Washington DC. Property Tax Updates

American Property Tax Counsel

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