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Selling Price

Excise Taxes: How much and what is it based on?

If you’ve sold real estate in Washington State you’ve encountered our wonderful excise tax. The state imposes a tax on the sale of real property equal to 1.28% of the selling price. In addition, counties and/or towns may add additional taxes if they so choose. RCW 82.45.060. For example, if your property is in King County, and within the City of Seattle your total tax is 1.78%.

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