Excise Dropdown Deed For Free

The tax amount is based on the value of the manufactured products or by-products. The Manufacturing B&O tax rate is 0.484 percent (0.00484) of your gross receipts. For products manufactured and sold in Washington, a business owner is subject to both the Manufacturing B&O Tax and the Wholesaling or Retailing B&O Tax.

In Washington, real property must be transferred by deed. RCW 64.04. 010. The basic requirements for a Washington deed are that it must (1) be in writing, (2) be signed by grantor, (3) be acknowledged (i.e., notarized), and (4) contain a complete legal description of the property.

After you have completed the forms, signed them, had them notarized, the documents must be taken/sent to the County Recorder/Assessor in which the property is located. At the time of writing of these instructions the fee to file a Quitclaim Deed in most counties is between $200 and $350.

The lender will require you to fill out a form removing their name from the mortgage and provide a certified copy of the death certificate. You can also add your name to a mortgage if you weren't an original borrower, under certain circumstances.

Excise taxes can be used to price an externality or discourage consumption of a product that imposes costs on others. They can also be employed as a user fee to generate revenue from people who use particular government services, revenue which should be used to maintain that government service.

It is a tax on the fair market value of non-commercial boats, 16 feet and over, used on Washington waters. This tax is in lieu of the property tax. Some commercial vessels that are not subject to the watercraft excise tax may be subject to personal property tax, commonly referred to as the Commercial Vessel Tax (pdf).

In Washington, the requirements for a Quitclaim deed are simple: it must be in writing, contain a legal description of the property, be signed by the grantor, and the grantor's signature must be notarized.