The Washington State legislature is changing the way real estate excise taxes are calculated. Currently the WA state rate is 1.28 percent, with most cities adding .50 percent for a total of 1.78 percent. The new formula will take effect Jan 1, 2020.
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Real Estate Market • Real Estate Stats • December 16, 2019
New Formula for Real Estate Excise Tax
by Julie Billett
Real Estate Stats Year End Stats 2010-2011 report There was an overall increase in sales in King County in 2011 as compared to 2010. Sales were up 9% in King County, and up 23% in MLS area 600 which includes Woodinville, Duvall, some parts of Redmond & Kirkland. Median price was down 9% in King County, and down 6% in MLS area 600 in 2011 compared to […]
Real Estate Market An Eye on Mortgage Rates House buyers are are turning their jog into a run to get the home of their dreams, as competition in our low inventory market is being stiffened by rising mortgage rates. As an article in the Business Insider explains with easy-to-read graphs, the downward rates that we've experienced the last few years gave us an […]