Real estate department of finance and administration. Washington state law requires that a real estate excise tax affidavit be completed and signed prior to a deed being recorded to transfer. The applicable excise tax must be paid and the affidavit approved at the time of the recording of the conveyance documents. In addition, please refer to the link below for the states portion. Unless otherwise specifically exempt from tax under wac 45861a, all sales of real property are subject to the real estate excise tax. Application for duplicate instrument form pdf fire protection assessment fpa refund form pdf gambling tax quarterly statement pdf homeowners guide to property tax pdf public records request pdf real estate excise tax affidavit forms treasurers office 2020 fee schedule pdf. For more recent affidavits, go to the property tax search website and either search by parcel number or sale date range. Real estate excise tax is the tax charged on the sale of real property. This affidavit will not be accepted unless all areas on all pages are fully completed see back page for instructions check box if partial sale of property if multiple owners, list percentage of ownership next to name. The transfer of a mobile home is subject to either real estate excise tax or salesuse tax, depending on the characteristics of the transfer, regardless of whether the mobile home is classified as real or personal property on the assessment rolls. Affidavit deadline everyone who uses personal property in a business must complete a personal property affidavit by april 30th each year. Four copies of the reeta must be su bmitted to the treasurers office with the top copy to contain original signatures. Only the first white page of this form needs original signatures. If the sale involves property in more than one location code, use the multiple location real estate excise tax affidavit.
Online real estate excise tax affidavit helpful hints. Pursuant to 68 os section 2103, an excise tax exemption applies to transfers of vehicleboatoutboard motor ownership between husband and wife, or parentstep parent and childstep child, when such transfers are made without consideration i. Real estate excise tax effective january 1, 2020, essb 5998 made changes to the real estate excise tax program. A real estate excise tax affidavit reeta must be filled out and signed by one of the grantors and one of the grantees buyer. Real estate excise tax supplemental statement wac 45861150 pdf.
This is the persons conveying interest in the property. Real estate excise tax affidavit washington department of revenue. Effective january 1, 2020, pursuant to essb 5998, chapter 242, laws of 2019, sales of real property are subject to graduated reet rates, with the exception of sales of real property classified as either agricultural land or timberland, which. Jan 01, 2020 an excise tax affidavit needs to be completed for a conveyance document, such as a deed or real estate contract, and for the sale of a mobile home not being moved. Therefore, if the transfer is subject to the excise tax, it is the liability of. The tax base is the selling price of real estate, including the amount of any liens, mortgages, and other debts.
It is requested, but not required that all copies of the real estate excise tax affidavit be formatted and printed on legal size paper. Additional documentation may be required to substantiate each. How to sign a reeta form fill out and sign printable pdf. The tax also applies to transfers of controlling interests 50% or more in entities that own property in the state. Real estate excise tax affidavit for salestransfers prior to january 1, 2020. Property tax calculation information pdf property tax rates. Understanding the property tax process pdf understanding real estate parcel codes pdf additional resources. The washington legislature completed its 2019 legislative session with the passage of sweeping changes to the real estate excise tax reet. The benton county treasurers office in washington state has all the information and resources required to process ownership transfers, property taxes payments, and performance measures for the office. Excise taxes assessed on a conveyance transfer must be paid prior to the recording of the conveyance documents, such as the warranty deed or real estate contract. For your convenience, some helpful hints pdf are available to assist you in filling out the affidavit, you can find these links on the washington state dor real estate excise. Online real estate excise tax affidavit helpful hints thurston county. In order to qualify for this type of award, claimant is required to submit copies of state andor federal commercial or recreational fishing licenses applicable to all claimed species valid before and.
In a typical property deal, the seller agrees to pay excise taxes which are. Click on the underlined link to the appropriate affidavit to view it. Completion of this form is required for the types of real property transfers listed in numbers below. Personal property blank application farm equipment exemption application. Jefferson county, washington real estate excise tax. Real estate excise tax affidavit reet 84 0001a created date. A fillin, printable excise tax form in adobe acrobat. Department of revenue has created online affidavits which can be filled out using the links below. All sales of real property in this state are subject to the real estate excise tax unless specifically exempted by chapter 82. Real estate excise tax reet is a tax on the sale of real estate. Online real estate tax affidavit helpful hints island county. Taxability of the transfer or acquisition of the controlling interest of an entity with an interest in real. This form must be submitted with the real estate excise tax affidavit form rev 84 0001a for deeded transfers and form rev 84 0001b for controlling interest transfers for claims of tax exemption as provided below. Therefore, if the transfer is subject to the excise tax, it is the liability of the seller and if the transfer is subject to the retail sales or use tax, it is the liability of the purchaser or user.
A real estate excise tax affidavit is required for each transfer in a section 1031 tax deferred exchange, including the transfers to and from an exchange facilitator. See wac 45861a101 for procedures pertaining to transfers and acquisitions of a controlling interest in an entity owning real property in the state of washington. Appeal panel decision reasons claim id appeals the denial of her subsistence claim. There is a real estate gift supplemental form that must be signed by both parties, and must accompany a completed real estate excise tax affidavit. Real property with multiple uses must be 35 classified according to the propertys predominant use. The 36 departments guidance must include factors for use in determining the. Any conveyance document must be accompanied by the official washington state excise tax affidavit. Excise is a sellers tax, due within one month of the date of sale and must be paid before the conveyance document can be recorded or the mobile home title transferred. Washington rev 840001a real estate excise tax affidavit. Real estate excise tax affidavit snohomish county, wa official. Can i deduct excise tax paid on selling a house when real estate changes hands, taxes become an important issue. This section explains when a real estate excise tax affidavit is required for the transfer of real property. The real estate excise tax does not apply to the grant or sale of an option and the real estate excise tax affidavit is not required for that transaction. To obtain blank affidavit and supplemental forms, please contact the.
Information on court awarded real and personal property pdf. Nature of transfer may require completion of the real estate excise tax supplemental statement pdf in addition to the affidavit. Jul 01, 2005 excise tax is a sellers tax based on the sale of property within the cities and county areas of clallam county as per the chart below. Access information about the real estate excise tax affidavit. A real estate excise tax affidavit, along with a deed, must be. Real estate excise tax washington department of revenue. Unless otherwise specifically exempt from tax under wac 45861a, all sales of real property are subject to the real estate excise tax reet. Submit this form and real estate excise tax payment, if owed, within 1 month of sale to avoid penalty and interest payments.
Real estate excise tax affidavit this form is your receipt. The affidavit must include the sale price, if any, and must be signed and filed even if there was no money paid for the transfer, and even if no excise tax is. Definition of real estate a used mobile home is defined as real estate for purposes of this tax when the following conditions are met. The affidavit reflecting the claim for tax exemption must show the affidavit number and date of the tax payment, and have attached the supplemental statement as provided by wac. Mobile home real estate excise tax affidavit submit to county treasurer of the county in which property is located. See the department of revenue website for updates and more information on calculating the real estate excise tax real estate excise tax affidavit single location for ownership transfers of property located in chelan county onafter 112020. The reet legislation was the centerpiece of the legislatures efforts to raise revenue and make washingtons tax system more progressive. Washington state law requires that a real estate excise tax affidavit be completed and signed prior to a deed being recorded to transfer ownership of real. Real estate excise tax forms washington department of. Both the sellergrantor and the buyergrantee, or their agents, sign the affidavit under penalty of perjury.
The real property transfer tax is levied on each deed, instrument, or writing by which any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed. If sale is less than 100%, check the box check if partial sale and fill in the percentage sold. Taxability of the transfer or acquisition of the controlling interest of an entity with an interest in real property located in this state. Prior to recording, a real estate excise tax affidavit must be completed and submitted with the original documentdeed, xerox or fax copies not acceptable to the san juan county treasurer for processing. For all transfers of real property, a real estate excise tax affidavit is required to be. Real estate excise taxes must also be paid for certain transfers. Completion of this form is required for the types of real property transfers listed in numbers 15 below. When claiming an exemption, the supplemental form must be submitted as well. Fill out, securely sign, print or email your real estate excise tax affidavit return form 840001b.
Treasurer, department of revenue, assessor and taxpayer copies. An excise tax affidavit needs to be completed for a conveyance document, such as a deed or real estate contract, and for the sale of a mobile home not being moved. The interest rate for 2004 is 4%, and interest is due on the transfer from april 20, 2004, through august 15, 2004, the date the tax was paid. Form used to report real estate transfers of controlling interest in real property instantly with signnow. Personal property tax rates are the same as for real property.
This form is your receipt this affidavit will not be accepted unless all areas on all pages are fully completed. Real estate excise tax affidavit reset this form real estate excise tax affidavit this form is your receipt when stamped by cashier. New washington state real estate excise tax legislation. Washington state law requires that a real estate excise tax affidavit be completed and signed prior to a deed being recorded to transfer ownership of real property. The real estate excise tax is a tax on the sale of real estate and is typically paid by the seller of the property. Real estate excise tax affidavit this form is your. Personal property or mobile homes, may require advance property taxes be paid at this time as well.
Washington state bill house of representatives analysis. Statutory warranty deed fulfillment individual pdf. Real estate excise tax reet is due on the sale of real estate and transfer of controlling interest in an entity that owns real property in the state. Real estate excise tax affidavit snohomish county, wa. Real estate excise tax must be paid in cash or certified funds, made payable to the yakima county treasurer. This form must be submitted with the real estate excise tax affidavit form rev 84 0001a for claims of tax exemption as provided below. Refer to wac 45861a303 affidavit to determine if a real estate excise tax affidavit is required to document the exempt transfers. In order to claim this exemption, a narrative that explains the nature of the clearance of, or addition to title must be available and provided to the county treasurer or the department upon request. However, the sale of an option is subject to business and occupation tax under the service and other category and should be reported on the combined excise tax return.
The real estate excise tax affidavit must be completed for the transfer of development rights, water rights, and air rights regardless of whether a taxable sale has occurred. The narrative must be signed by both grantor and grantee, or agents of either, and attached to the real estate excise tax affidavit. A locallyimposed tax is also authorized, though the rate and uses of the funds differ by population size and whether the city or county is planning under the growth management act gma. Real estate excise tax all transfers of property require a real estate excise tax affidavit be completed and filed with the treasurer s office, along with payment of excise tax, prior to being recorded in the county auditor s office.
Within 30 days after property is transferred, a real estate excise tax affidavit must be filed with the county auditor. Real estate excise tax controlling interest affidavit controlling interest transfers only. The measure of the tax is the total consideration received in exchange for the transfer of the right. If you are claiming an exemption from excise tax, a wac number must be cited in box 7 on the reeta. These documents are filed in the treasurers office and are subject to a minimum filing fee if there are no taxes due. Real estate excise tax affidavit washington state department of. New washington real estate excise tax inheritance exemption. The term also includes the form used to report to the department transfers and acquisitions of a controlling interest in an entity owning. Jan 01, 2020 real estate excise supplemental statement required when claiming an exemption from the excise tax real estate excise tax, mobile home affidavit for mobile home transfers lack of probate affidavit to be used as supporting documentation, in accompaniment with a deed to convey ownership of property. Real estate excise tax controlling interest affidavit. Real estate excise tax supplemental statement computer generated forms must use a 10 pitch courier, arial, or ocr type a or b font in all data fields. Jan 01, 2020 department of revenue has created online affidavits which can be filled out using the links below. The real estate excise tax is typically paid by the seller of the property, although the buyer is liable for the tax if it is not paid. Washington state law requires that a real estate excise tax affidavit be.
New washington real estate excise tax inheritance exemption by washington state estate planning and real estate lawyer per e oscarsson the state of washington imposes a real estate excise tax on transfers of real estate, but exemptions from the tax are available for certain types of transfers. A transfer of real property through a devise by will or inheritance is exempt from the real estate excise tax for the following types of transfers. New real estate excise tax rates effective january 1, 2020. An excise affidavit must accompany a deed to be recorded by the county auditor. Follow the link below, then look for real estate excise tax supplemental statement. Gambling tax quarterly statement pdf homeowners guide to property tax pdf public records request pdf real estate excise tax affidavit forms. Real estate excise tax affidavits must be printed as legal size forms.