Excise Line Deed For Free

Property falling under these classifications will be taxed at a rate of 1.28% for the state portion. Land classifications are assigned by the county in which the property is located, for additional information contact the county assessor's office.

Real estate excise tax (REET) is a tax on the sale of real property. All sales of real property in the state are subject to REET unless a specific exemption is claimed. The seller of the property typically pays the real estate excise tax, although the buyer is liable for the tax if it is not paid.

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.

No. Washington's capital gains tax does not apply to the sale or exchange of real estate.

Washington state levies a real estate excise tax (REET) on all property sales. This state tax rate is 1.28% of a property's full selling price.

A Washington deed is used to transfer the ownership of property from a grantor, or ?seller,? to a grantee, or ?buyer,? in the State of Washington. This form is usually completed after a purchase and sale agreement has been authorized and a deed transfers the actual property.

Washington State law permits a testator to give gifts of tangible personal property in a writing separate from the testator's will. Such a writing can only be used to distribute ?tangible personal property,? which is a phrase with a very specific legal meaning.