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Real Estate News

New Real Estate Excise Tax (REET) Rate to go into effect January 2020

June 11, 2019 by Erin Sirianni Leave a Comment

Now that the Washington State Senate Bill 5998 has been signed into law, our local real estate excise tax (REET) – the tax paid when you sell a property – will be getting a facelift in 2020. The flat rate of the past will make way for a new tiered system that gives owners a tax cut on the first $500,000 of their home value, keeps the current tax rate on the next $1 million of value, and then Continue Reading

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Charlie Sirianni / JD, CRS, ABR
Managing Broker
206-992-6151
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2737 77th Ave. SE, Suite 100
Mercer Island, WA 98040

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Charlie Sirianni / JD, CRS, ABR
Managing Broker
206-992-6151
CONTACT
Erin Sirianni / CRS, ABR
Residential Broker
206-992-5272
CONTACT

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