Excise Zip Code Deed For Free

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.

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.

Sales of medical records, patient account records, and radiology film copies. Sales of meals (other than to hospital patients) (WAC 458-20-119) Sales of meals to employees (WAC 458-20-119) Casual sales (WAC 458-20-106)

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.

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.

An excise tax isn't deductible if it's for a personal expense. You can deduct as a business expense excise taxes that are ordinary and necessary expenses of carrying on your trade or business. Excise tax paid to your state and local for sale of home would not be business related so not deductible.

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.

Combined Washington State & Snohomish County REET Rates Sales Price ThresholdsTax Rate$500,000 or Less1.60%$500,000.01 - $1,500,0001.78%$1,500,000.01 - $3,000,0003.25%$3,000,000 or Above3.5%

A deed in which a grantor disclaims all interest in a parcel of real property and then conveys that interest to a grantee. Unlike grantors in other types of deeds, the quitclaim grantor does not promise that his interest in the property is actually valid.