Wednesday, September 27, 2006

Excise Tax

Howdy to all you perspective sellers out there in Washington State. Just a friendly reminder that when you figure out how much you are going to net on the sale of your home, don't forget to factor in the excise tax. Where I am at (Pierce County & King County), Excise tax usually runs around 1.78% - 1.87%. That can be a substantial amount of money (Over $5500 on a $300,000 house). It's incredibly frustrating to get to the closing table and think you have more cash coming to you than you do.

Check out what the Washington State Department of Revenue has to say about excise tax.

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