Real Estate News with Merri Ann
Merri Ann Simonson – Contributed photo
Merri Ann Simonson checks in with another article covering real estate news…
Excise Tax Increase, Decrease and Shift
There will be a major change in real estate excise tax taking effect January 1, 2020 for the State of Washington. I have provided a link below to the Senate Bill which created this change to a graduated tax rate.
The Excise Tax adjustment will affect what the seller pays. In January 2019 the tax went up for the buyers in our County with the addition of the Affordable Housing Tax (Buyer pays 99% of the .5% tax).
Continue Reading… (PDF)
No comments yet. Be the first!
By submitting a comment you grant the San Juan Update a perpetual license to reproduce your words and name/web site in attribution. Inappropriate, irrelevant and contentious comments may not be published at an admin's discretion. Your email is used for verification purposes only, it will never be shared.