[WSBARP] Real Estate Excise Tax Rate Changes Notice

[michael westseattleattorney.com]

[like]  michael westseattleattorney.com reacted to your message:
________________________________
From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> on behalf of John McCrady <j.mccrady at pstitle.com>
Sent: Thursday, February 8, 2024 5:13:46 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Real Estate Excise Tax Rate Changes Notice

Washington now has a graduated rate, which is reflected on the excise tax affidavit and discussed here:
Real estate excise tax | Washington Department of Revenue<https://dor.wa.gov/taxes-rates/other-taxes/real-estate-excise-tax>


John McCrady
Counsel
Puget Sound Title Company
5350 Orchard Street West
University Place WA 98467
253-476-5721
j.mccrady at pstitle.com<mailto:j.mccrady at pstitle.com>

Beginning January 1, 2024, recording fees for most documents recorded in Washington will increase by $100.
Recording fees will be $303.50 for the first page, plus $1 for each additional page
Deed of Trust will be $304.50 for the first page, plus $1 for each additional page
2024 Recording Fee Schedule<https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwww.piercecountywa.gov%2FDocumentCenter%2FView%2F130967%2Frecordingfeeschedule20240101%3FbidId%3D&wdOrigin=BROWSELINK>

WARNING-FRAUDULENT FUNDING INSTRUCTIONS
Email hacking and fraud are on the rise to fraudulently misdirect funds.  Please call your escrow officer immediately using contact information found from an independent source, such as the sales contract or internet, to verify any funding instructions received.  We are not responsible for any wire sent by you to an incorrect bank account.


From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of michael westseattleattorney.com
Sent: Wednesday, February 07, 2024 2:12 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>; wsbapt at lists.wsbarppt.com
Subject: Re: [WSBARP] Real Estate Excise Tax Rate Changes Notice

May have missed it but was there a big increase in the real property excise tax rate from 1.78% to ​___?

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________________________________
From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com>> on behalf of Mark Anderson <marka at mbaesq.com<mailto:marka at mbaesq.com>>
Sent: Wednesday, February 7, 2024 1:05 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>; wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com> <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: [WSBAPT] Real Estate Excise Tax Rate Changes Notice

https://content.govdelivery.com/accounts/WADOR/bulletins/3890810

This means look out for and use the new REETAs when they come out, even if you don't record in these counties.  My own experience tells me so.

Mark B. Anderson
Sent from my phone
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