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--></style></head><body lang="EN-US" link="#0563C1" vlink="#954F72"><div class="WordSection1"><p class="MsoNormal"><span style="font-size:11.0pt;color:#44546a">In the Spokane County the Treasurer will routinely ‘flag’ any sale which is 20% or more below tax assessed value. Easiest workaround is to attach a copy of a purchase and sale agreement to the REETA which reflects the discounted agreed-upon price. No issues.</span></p><p class="MsoNormal"><span style="font-size:11.0pt;color:#44546a"> </span></p><p class="MsoNormal"><span style="font-size:11.0pt;color:#44546a">I understand it to be a DOR directive.</span></p><p class="MsoNormal"><span style="font-size:11.0pt;color:#44546a"> </span></p><div><p class="MsoNormal" style="line-height:12.0pt"><b><span style="font-size:10.0pt"> </span></b></p><p class="MsoNormal" style="line-height:12.0pt"><img width="86" height="130" src="cid:image008.jpg@01D2294D.FEC3A160" align="left" hspace="12"><b><span style="font-size:11.0pt">Robert R. Rowley</span></b><span style="font-size:11.0pt"> | Attorney at Law</span></p><p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:11.0pt">7 S. Howard St, Suite 218</span></p><p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:11.0pt">Spokane, WA 99201</span></p><p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:11.0pt">Telephone: (509) 252-5074</span></p><p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:11.0pt">Mobile: (509) 994-1143</span></p><p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:11.0pt">Facsimile: (509) 928-3084</span></p><p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:11.0pt">Email: </span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><a href="mailto:rob@rowleylegal.com"><span style="font-family:"Times New Roman",serif;color:blue">rob@rowleylegal.com</span></a></span><span style="font-size:11.0pt"></span></p><p class="MsoNormal"><span style="font-size:11.0pt">Web Site: </span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><a href="http://www.rowleylegal.com/"><span style="font-family:"Times New Roman",serif;color:blue">www.rowleylegal.com</span></a></span><span style="font-size:11.0pt"></span></p><p class="MsoNormal"><span style="font-size:10.0pt"> </span></p><p class="MsoNormal"><span style="font-size:10.0pt">Practice concentrated on business, real estate and general legal matters in Washington and Idaho.</span></p><p class="MsoNormal"><span style="font-size:10.0pt"> </span></p><p class="MsoNormal"><a href="https://www.facebook.com/rowleylegal"><span style="font-size:10.0pt;color:windowtext;text-decoration:none"><img border="0" width="24" height="24" id="Picture_x0020_2" src="cid:image003.gif@01D2294D.FEB9DD60"></span></a><a href="https://www.linkedin.com/pub/rob-rowley/11/172/b20"><span style="font-size:10.0pt;color:windowtext;text-decoration:none"><img border="0" width="24" height="24" id="Picture_x0020_3" src="cid:image004.gif@01D2294D.FEB9DD60"></span></a><a href="https://twitter.com/ROBERTRROWLEY"><span style="font-size:10.0pt;color:windowtext;text-decoration:none"><img border="0" width="24" height="24" id="Picture_x0020_4" src="cid:image005.gif@01D2294D.FEB9DD60"></span></a><a href="http://www.yelp.com/biz/robert-r-rowley-spokane"><span style="font-size:10.0pt;color:windowtext;text-decoration:none"><img border="0" width="43" height="21" id="Picture_x0020_5" src="cid:image009.jpg@01D2294D.FEC3A160"></span></a><span style="font-size:10.0pt"></span></p><p class="MsoNormal"><span style="font-size:10.0pt"> </span></p><p class="MsoNormal"><span style="font-size:10.0pt">NOTICE: The contents of this message and any attachments may be protected by the attorney-client privilege, work product doctrine or other applicable protections. If you are not the intended recipient or have received this message in error, please notify the sender and promptly delete the message. Thank you for your assistance.</span></p><p class="MsoNormal" style="background:white"><span style="font-size:10.0pt;color:#222222">DISCLAIMER: You should recognize that responses provided by e-mail means are akin to ordinary telephone or face-to-face conversations and do not reflect the level of factual or legal inquiry or analysis which would be applied in the case of a formal legal opinion. A formal opinion may very well reach a different conclusion.</span></p></div><p class="MsoNormal"><span style="font-size:11.0pt;color:#44546a"> </span></p><div><div style="border:none;border-top:solid #e1e1e1 1.0pt;padding:3.0pt 0in 0in 0in"><p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [mailto:<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Josh Grant<br><b>Sent:</b> Tuesday, October 18, 2016 2:26 PM<br><b>To:</b> wsbar <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br><b>Subject:</b> [WSBARP] Low sale price - R.E. Excise Tax</span></p></div></div><p class="MsoNormal"> </p><div><div><div><p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">I have a client who is purchasing real estate (written E.M. agreement) for $15,000. The county assessed FMV is about $110,000. Buyer and seller are not related parties. No other consideration is being paid. The seller had tried unsuccessfully to sell these bare lots for several years, and just decided to get rid of them at what is clearly a very low price.</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"></span></p></div><div><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">Title company says the County will “red tag “ this one. (which I take it means that they won’t accept the stated sale price for excise tax purposes).</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"></span></p></div><div><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">Does the County get to charge excise tax on its FMV assessed value, notwithstanding this is a bona fide sale for the smaller amount? Is there a procedure (buyer and seller doing declarations etc) to cause the county to accept the actual sale price for excise tax purposes?</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"></span></p></div><div><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">thanks</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"></span></p></div><div><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Calibri",sans-serif;color:black">Josh</span><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"></span></p></div><div><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"> </span></p></div><div><p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black">Joshua F. Grant, PS<br>Attorney at Law<br>P. O. Box 619<br>Wilbur, WA 99185<br>tel 509 647 5578<br>fax 509 647 2734</span></p></div></div></div></div></body></html>