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Special Report

Washington State Excise Tax FAQ

February 2023

Washington State Excise Tax Changes
Frequently Asked Questions

Q: Is there a New Tax Rate under proposal?

A: House Bill 1628 would impose a new 4 percent tax rate for the portion of the sale price on real property above $5,000,000. If approved, the new rate would go into effect on January 1, 2025.

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