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Real Estate Excise Tax (REET) (Washington)

Washington's real estate excise tax (REET) is imposed on each sale of real property and is an obligation of the seller. The state rate is graduated, with each rate applied only to the portion of the price in its bracket: 1.10%, 1.28%, 2.75%, and 3.00%. Statutory base thresholds are $500,000, $1,500,000, and $3,000,000, adjusted for inflation every four years; since January 1, 2023 they are $525,000, $1,525,000, and $3,025,000. Timberland and agricultural land is taxed at a flat 1.28%, and local REET may be added.