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WA State Taxes

Manifest Error – Can they really use it to collect more?

Last night before going to bed I checked the Seattle Times and read a shocking article. Apparently, the King County Assessor believes that some homes in the County have been under assessed and as a result property owners have under paid their taxes. Most importantly, Mr.

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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