The Washington Real Estate Excise Tax Affidavit form is a mandatory document required in the process of transferring real estate ownership within the state of Washington. It serves as a sworn statement, detailing the terms of the property transaction and calculating the excise tax due based on the sale price. For those involved in real estate transactions, understanding and completing this affidavit correctly is pivotal; to get started, click the button below.
In Washington State, whenever real estate changes hands, both the buyer and the seller are required to navigate the complexities of the Real Estate Excise Tax (REET). Central to this process is the Washington Real Estate Excise Tax Affidavit form, a critical document that serves multiple purposes. It not only facilitates the calculation and payment of the excise tax due on the sale but also acts as a declaration of the sale's specifics, including the price, the property details, and any exemptions claimed. This document is scrutinized by county officials to ensure compliance with state tax laws and to update public records accordingly. The affidavit plays a pivotal role in the closing process of a property transaction, providing a transparent account of the sale to state and local tax authorities. Understanding its importance, nuances, and the potential penalties for inaccuracies is essential for anyone involved in real estate transactions within the state.
Real Estate Excise Tax Affidavit (RCW 82.45 WAC 458-61A)
Only for sales in a single location code on or after January 1, 2020.
This affidavit will not be accepted unless all areas on all pages are fully completed.
Reset form
Form 84 0001a
This form is your receipt when stamped by cashier. Please type or print.
Check box if partial sale, indicate %
sold.
Check box if the sale occurred in more than one location code.
List percentage of ownership acquired next to each name.
1 Seller/Grantor
2 Buyer/Grantee
Name
Mailing address
City/state/zip
Phone (including area code)
3 Send all property tax correspondence to:
Same as Buyer/Grantee
List all real and personal property tax
Personal
Assessed
parcel account numbers
property?
value(s)
$ 0.00
Street address of property
This property is located in
Select Location
(for unincorporated locations please select your county)
Check box if any of the listed parcels are being segregated from another parcel, are part of a boundary line adjustment or parcels being merged. Legal description of property (if you need more space, attach a separate sheet to each page of the affidavit).
5
Select land use code(s)
Enter any additional codes
(see back of last page for instructions)
Was the seller receiving a property tax exemption or deferral under RCW 84.36, 84.37, or 84.38 (nonprofit org., senior
citizen or disabled person, homeowner with limited income)? Yes No
Is this property predominantly used for timber (as classified under RCW 84.84 and 84.33) or agriculture (as classified
under RCW 84.34.020)? See ETA 3215.Yes No If yes, complete the predominate use calculator (see instructions for section 5).
7 List all personal property (tangible and intangible) included in selling price.
If claiming an exemption, list WAC number and reason for exemption.
WAC number (section/subsection) Reason for exemption
6 Is this property designated as forest land per RCW 84.33?
Yes
No
Type of document
Is this property classified as current use (open space, farm
Date of document
and agricultural, or timber) land per RCW 84.34?
Gross selling price
0.00
Is this property receiving special valuation as historical
property per RCW 84.26?
*Personal property (deduct)
If any answers are yes, complete as instructed below.
Exemption claimed (deduct)
(1) NOTICE OF CONTINUANCE (FOREST LAND OR CURRENT USE)
Taxable selling price
NEW OWNER(S): To continue the current designation as forest land
or classification as current use (open space, farm and agriculture, or
Excise tax: state
timber) land, you must sign on (3) below. The county assessor must then
Less than $500,000.01 at 1.1%
determine if the land transferred continues to qualify and will indicate
by signing below. If the land no longer qualifies or you do not wish to
From $500,000.01 to $1,500,000 at 1.28%
continue the designation or classification, it will be removed and the
From $1,500,000.01 to $3,000,000 at 2.75%
compensating or additional taxes will be due and payable by the seller
or transferor at the time of sale (RCW 84.33.140 or 84.34.108). Prior to
Above $3,000,000 at 3%
signing (3) below, you may contact your local county assessor for more
Agricultural and timberland at 1.28%
information.
This land:
does
does not qualify for
Total excise tax: state
continuance.
0.0000
Local
____________________________________ ____________________
*Delinquent interest: state
Deputy assessor signature
Date
(2) NOTICE OF COMPLIANCE (HISTORIC PROPERTY)
*Delinquent penalty
NEW OWNER(S): To continue special valuation as historic property, sign
(3) below. If the new owner(s) doesn’t wish to continue, all additional tax
Subtotal
calculated pursuant to RCW 84.26, shall be due and payable by the seller
5.00
*State technology fee
or transferor at the time of sale.
(3) NEW OWNER(S) SIGNATURE
Affidavit processing fee
____________________________
_________________________
Total due
10.00
Signature
A MINIMUM OF $10.00 IS DUE IN FEE(S) AND/OR TAX
Print name
*SEE INSTRUCTIONS
8 I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOREGOING IS TRUE AND CORRECT
Signature of grantor or agent _______________________________
Signature of grantee or agent __________________________
Name (print)
Date & city of signing
Perjury in the second degree is a class C felony which is punishable by confinement in a state correctional institution for a maximum term of five years, or by
a fine in an amount fixed by the court of not more than $10,000, or by both such confinement and fine (RCW 9A.72.030 and RCW 9A.20.021(1)(c)).
To ask about the availability of this publication in an alternate format for the visually impaired, please call 360-705-6705. Teletype
(TTY) users may use the WA Relay Service by calling 711.
84 0001a (3/12/21)
THIS SPACE TREASURER’S USE ONLY
COUNTY TREASURER
Print on legal size paper.
Page 1 of 6
3 Send all property tax correspondence to: Same as Buyer/Grantee
COUNTY ASSESSOR
Page 2 of 6
7 List all personal property (tangible and intangible) included in selling
price.
Was the seller receiving a property tax exemption or deferral
under RCW 84.36, 84.37, or 84.38 (nonprofit org., senior
citizen or disabled person, homeowner with limited income)?
WAC number (section/subsection)
Is this property predominantly used for timber (as classified
Reason for exemption
under RCW 84.84 and 84.33) or agriculture (as classified
under RCW 84.34.020)? See ETA 3215.
If yes, complete the predominate use calculator (see instructions for
section 5).
6
Is this property designated as forest land per RCW 84.33?
DEPARTMENT OF REVENUE
Page 3 of 6
84 0001a(3/12/21)
TAXYPAYER
Print form
Page 4 of 6
Instructions
Note: To report a transfer of a controlling interest in real property, please use the Real Estate Excise Tax Affidavit Controlling Interest Transfer Return, Revenue Form No. 84-0001B. This form is available online at dor.wa.gov.
Section 1:
If the sale involves property in more than one location code, use the Multiple Location Real Estate Excise Tax Affidavit. If sale is less than 100%, check the box “Check if partial sale” and bill in the percentage sold.
Enter the name(s) of seller/grantor exactly as listed on the legal conveyance document including the method of holding title.
Section 2:
Enter the name(s) of buyer/grantee exactly as listed on the legal conveyance document including the method of holding title. List the percentage acquired after each name.
Sect on 3:
•Enter the name and address where you would like all future property tax information sent.
•Enter the tax parcel number and current assessed value for real and personal property being conveyed in this county. Check the box to indicate personal property.
Section 4:
•Enter the street address of the property.
•Enter the county if in unincorporated area. Enter city name if located within a municipality.
•Enter the legal description of the property.
Section 5:
Enter the appropriate land use code for the property. Please list all codes that apply on the lines provided in section 5. See WAC 458-53-030(5) for a complete list.
9 - Land with mobile home
26
- Paper and allied products
64
- Repair services
10
- Land with new building
27
- Printing and publishing
65
- Professional services
11
- Household, single family
28
- Chemicals
(medical, dental, etc.)
units
29
- Petroleum refining and related
71
- Cultural activities/nature
12
- Multiple family residence
industries
exhibitions
(2-4 Units)
30
- Rubber and miscellaneous
74
- Recreational activities
13
- Multiple family residence (5+
plastic products
(golf courses, etc.)
Units)
31
- Leather and leather products
75
- Resorts and group camps
14
- Residential condominiums
32
- Stone, clay and glass products
80
- Water or mineral right
15
- Mobile home parks or courts
33
- Primary metal industries
81
- Agriculture (not in current use)
16
- Hotels/motels
34
- Fabricated metal products
83
- Agriculture current use
17
- Institutional Lodging
35
- Professional scientific
RCW 84.34
(convalescent homes, nursing
and controlling instruments;
86
- Marijuana grow operations
homes, etc.)
photographic and optical goods;
87
- Sale of Standing Timber
18
- All other residential not
watches/clocks manufacturing
88
- Forest land designated
coded
39
- Miscellaneous manufacturing
RCW 84.33
19
- Vacation and cabin
50
- Condominiums-other than
91
- Undeveloped Land (land only)
21
- Food and kindred products
residential
94
- Open space land RCW 84.34
22
- Textile mill products
53
- Retail Trade - general
95
- Timberland classified
23
- Apparel and other finished
merchandise 54 - Retail Trade - food
products made from fabrics,
58
- Retail trade - eating & drinking
96
- Improvements on leased land
leather, and similar materials
(restaurants, bars)
24
- Lumber and wood products
59
- Tenant occupied, commercial
(except furniture)
properties
25
- Furniture and fixtures
•Check yes if the seller was receiving a property tax exemption or deferral under RCW 84.36, 84.37, or 84.38 (nonprofit organization, senior citizen, or disabled person, homeowner with limited income).
•Check yes if the land is primarily used for timber as defined by RCW 84.34 and 84.33 or agriculture as defined by RCW 84.34.020. See ETA 3215 for additional information. If the sale involves multiple parcels with different land use codes, complete the predominate use worksheet.
Section 6:
Indicate whether the property is designated as forest land per chapter 84.33 RCW, classified as current use (open space, farm, agricultural, or timber) per chapter 84.34 RCW, or receiving special valuation as historic property per chapter 84.26 RCW.
Section 7:
•List personal property included in the selling price of the real property. For example, include tangible (furniture, equipment, etc.) and intangible (goodwill, agreement not to compete, etc.).
•Use Tax is due on personal property purchased without payment of the sales tax. Report use tax on your Combined Excise
•Tax Return or a Consumer Use Tax Return, both available at dor.wa.gov.
•If you are claiming a tax exemption, cite the specific Washington Administrative Code (WAC) number, section and subsection and provide a brief explanation. Most tax exemptions require specific documentation. Refer to the appropriate WAC to determine documentation requirements. WAC 458-61A is available online at dor.wa.gov.
•Enter the type of document (quit claim deed, statutory warranty deed, etc.), and date of document (MM/DD/YYYY).
•Enter the selling price of the property.
•Selling price: For tax purposes, the selling price is the true and fair value of the property conveyed. When property is conveyed in an arm’s length transaction between unrelated persons for valuable consideration, there is a presumption that the selling price is equal to the total consideration paid or contracted to be paid, including any indebtedness. Refer to RCW 82.45.030 for more information about selling price.
•Deduct the amount of personal property included in the selling price.
•Deduct the amount of tax exemption claimed per WAC 458-61A.
Page 5 of 6
Instructions Continued
•Calculate the state excise tax:
The state portion of excise tax is calculated using a graduated tax rate structure. The amount of tax increases as the amount of the transaction increases. Each portion of the sales amount is taxed at a different rate.
Exception: Property designated as farm and agriculture or timberland is taxed at 1.28% per 83.34 RCW.
Instructions:
1.Enter the sale amount that falls within the specific threshold in column A.
2.Multiply the amount in column A by the state rate in column B. Enter the results in column C.
3.Enter the amount in column C on the appropriate threshold line on page 1 of the affidavit.
Example: This is how the state REET tax would be calculated on a sale totaling $1,600,000:
Column A
Column B
Column C
Threshold
Amount within threshold
State rate
Tax
0 to $500,000
500,000
1.1%
5,500
500,000.01 – 1,500,000
1,000,000
1.28%
12,800
1,500,000.01 to 3,000,000
100,000
2.75%
2,750
3,000,000.01 and above
0
3.0%
Totals
$1,600,000
$21,050
Calculate the state excise tax due using this chart:
Enter the total tax due amount on the Excise Tax: State line on the first page of the affidavit.
•Due Date, interest and penalties: Tax is due at the time of sale/transfer. If tax is not paid within one month of the date of sale/transfer, interest and penalties will apply. The interest rate is variable and determined per RCW 82.32.050. Delinquent penalties are 5% one month after the due date; 10% two months after the due date; and 20% three months after the due date. (RCW 82.45.100)
•State technology fee: A $5.00 Electronic Technology Fee that is due on all transactions. (82.45.180)
•Affidavit processing fee: A minimum of $5.00 shall be collected in the form of tax and processing fee. A processing fee is due on all transactions where no tax is due and on all taxable transactions where the tax due is less than $5.00. (RCW 82.45.180)
Section 8:
Both grantor (seller) and grantee (buyer), or the agent of each, must sign this form, certifying that all the information provided is correct. Note: Original signatures required on the “County Treasurer” copy. Signatures may be required on the “Assessors” copy. Check with your county.
Audit:
Information you provide on this form is subject to audit by the Department of Revenue. Underpayments of tax will result in the
issuance of a tax assessment with interest and penalties. Note: in the event of an audit, it is the taxpayer’s responsibility to provide documentation to support the selling price or any exemption claimed. This documentation must be maintained for a minimum of four years from date of sale. (RCW 82.45.100)
Ruling requests:
You may request a ruling on the taxability of the property transfer. Go to our website at dor.wa.gov/rulings or fax your request to
360-705-6655.
Where to send completed forms:
Completed forms must be submitted to the County Treasurer’s or Recorder’s Office where the property is located.
To ask about the availability of this publication in an alternate format for the visually impaired, please call 360-705-6705. Teletype (TTY) users may use the WA Relay Service by calling 711.
Page 6 of 6
Filling out the Washington Real Estate Excise Tax Affidavit is a crucial step in the process of transferring property in Washington state. This document is required to report the sale to the county and ensure the correct excise taxes are paid. The steps outlined below guide individuals through the process, ensuring accuracy and compliance with state regulations.
After submitting the Washington Real Estate Excise Tax Affidavit, the county will process the document and issue a stamped copy as proof of filing and payment. This stamped copy is an important document for both the seller and the buyer, as it is often required for future transactions or for updating property records. Ensure that all information provided on the affidavit is accurate and complete to avoid delays or issues with the property transfer process.
The Washington Real Estate Excise Tax Affidavit form is a document required during the sale or transfer of real estate in Washington State. This form is used to calculate the Excise Tax due on the sale or transfer of property. The tax is based on the sale price of the property and must be filed with the county auditor's office where the property is located.
Both the seller and the buyer of the property are required to sign the Washington Real Estate Excise Tax Affidariat form. However, it is typically prepared by the seller or their representative, such as a real estate agent or attorney. The completed form must be provided to the county where the property is located as part of the real estate transaction process.
To accurately complete the Washington Real Estate Excise Tax Affidavit form, you will need the following information:
Yes, there are several exemptions to the Washington Real Estate Excise Tax. Some common exemptions include transfers between immediate family members under certain conditions, property transfers as a result of divorce or death, and transfers of government-owned property. To claim an exemption, the appropriate exemption code must be indicated on the Real Estate Excise Tax Affidavit form, and in some cases, additional documentation may be required to support the exemption claim.
Failing to file the Washington Real Estate Excise Tax Affidavit form or pay the required tax can result in penalties and interest. The county may place a lien on the property, which can affect the seller's ability to sell or transfer the property in the future. It’s crucial to ensure that the form is properly filled out and submitted, and the applicable Excise Tax is paid to avoid these complications.
When it comes to handling the Washington Real Estate Excise Tax Affidavit form, people often encounter a variety of pitfalls. Whether due to inexperience, oversight, or misunderstanding, these mistakes can lead to delays, financial discrepancies, or legal complications. Below is a detailed exploration of ten common errors that individuals should be vigilant to avoid when filling out this essential document:
By steering clear of these common mistakes, individuals can ensure a smoother, more accurate process when dealing with the Washington Real Estate Excise Tax Affidavit form. Paying close attention to detail, verifying all information, and consulting with professionals when in doubt can prevent most of these issues and facilitate a successful real estate transaction.
When transferring real estate in Washington, the Real Estate Excise Tax Affidavit form is crucial, but it's often not the only document needed to complete the transaction. Several additional forms and documents play vital roles in ensuring the transfer is legally binding, tax-compliant, and accurately recorded. Each of these documents serves a unique purpose in the real estate transactions process, providing clarity, legal protection, and financial details that support the main affidavit.
Together, these documents work alongside the Washington Real Estate Excise Tax Affidavit to ensure a transparent, secure, and efficient transfer of property. They help to clarify the responsibilities of each party involved, safeguard the interests of both buyers and sellers, and fulfill legal and financial obligations. Understanding and properly preparing these documents is pivotal in achieving a successful real estate transaction.
The Washington Real Estate Excise Tax Affidavit form is similar to other documents used in real estate transactions, primarily because it involves the documentation of details pertinent to the sale or transfer of property. This form, for instance, akin to a deed, serves as an official record but focuses more on the tax implications of the property transfer. While a deed signifies the conveyance of property ownership from one party to another, the Real Estate Excise Tax Affidavit captures information for tax assessment purposes, necessitating accurate details about the property sale price, date of sale, and parties involved.
Another document the Washington Real Estate Excise Tax Affidavit form shares similarities with is the HUD-1 Settlement Statement. This form is used primarily in real estate transactions involving a mortgage, where it itemizes the services and fees charged to the borrower by the lender. Like the HUD-1, the Real Estate Excise Tax Affidavit form provides a detailed breakdown of the transaction, but with a focus on information relevant for tax calculation rather than listing all transaction costs. Both forms are essential for ensuring transparency and accountability in real estate transactions, specifically in the financial aspects.
Additionally, the form bears resemblance to the 1099-S form used by the Internal Revenue Service (IRS). The 1099-S form is required in certain real estate transactions to report the proceeds from real estate sales or exchanges. While the 1099-S serves a broader purpose by reporting these transactions to the federal government for income tax purposes, the Washington Real Estate Excise Tax Affidavit focuses on the state tax obligations related to property transfers. Both are crucial for tax compliance and require detailed reporting of the sale or exchange of real estate.
Filling out the Washington Real Estate Excise Tax Affidavit form accurately is crucial for any real estate transaction in the area. To ensure you complete this form correctly and efficiently, here are 10 essential dos and don'ts:
Read the instructions carefully before you start filling out the form. This will help you understand the requirements and how to correctly enter your information.
Use black ink if the form is filled out manually, to ensure all information is legible and can be scanned accurately.
Provide accurate information for all required fields to avoid delays or penalties. This includes correct property descriptions, sale price, and date of sale.
Double-check the math. Mistakes in calculating the tax due can lead to underpayment or overpayment, both of which can complicate the transaction.
Keep a copy of the completed form and all related documents for your records. This is important for future reference or if any questions arise from the taxing authority.
Don't leave mandatory fields blank. If a question does not apply, write "N/A" (not applicable) to indicate this. Incomplete forms may be rejected.
Don't use correction fluid or tape. If you make a mistake, it's better to start over on a new form to ensure the information is clear and unambiguous.
Don't guess on values or information. Verify all data you enter, especially concerning the property valuation and tax calculations.
Don't submit the form without reviewing it for errors. Take the time to go over each entry to ensure accuracy and completeness.
Don't hesitate to ask for help if you're unsure about any part of the form. Contact a professional or the Washington Department of Revenue for guidance.
Understanding the Washington Real Estate Excise Tax Affidavit form is crucial for anyone involved in buying or selling property in Washington. There are, however, several misconceptions that can lead to confusion. Here's a list of ten common misunderstandings:
It's only for residential property sales: This form applies to all real estate transactions, including commercial, industrial, and undeveloped land, not just residential homes.
The seller always pays the excise tax: While it's customary for the seller to pay, the responsibility can be shifted to the buyer if both parties agree. The terms of the agreement dictate who pays the tax.
It's a flat-rate tax: The tax rate varies by county and sometimes within cities, and can also depend on the type of property or the price of the transaction. It's not a one-size-fits-all charge.
No form is needed for a gift of property: Even if a property is transferred as a gift, an excise tax affidavit form must be completed and filed to document the transfer and determine if any exemptions apply.
Electronic filing isn't allowed: Most counties in Washington permit or even require the electronic filing of the excise tax affidavit form, streamlining the process.
Filing the form is the buyer's responsibility: It's typically the seller's responsibility to ensure that the form is properly completed and filed, although this can vary by transaction.
There are no exemptions to the excise tax: There are several exemptions and reductions available for specific types of transfers, such as transfers between family members or for certain governmental actions.
All property transfers are taxable: Not all property transfers trigger the excise tax. Transfers that qualify for exemptions or are considered non-taxable events still require the filing of the affidavit but may not result in a tax payment.
The form is simple and requires minimal information: Completing the form accurately requires detailed information about the property, the transaction, and the parties involved. It's more complex than it appears.
Payment of the tax completes the buyer's obligations: Along with the tax, the buyer must ensure that the deed is properly recorded with the county. The filing of the excise tax affidavit and payment of the tax is only one part of the transaction process.
Clearing up these misconceptions helps all parties involved in a real estate transaction understand their responsibilities and the process more clearly, leading to smoother and more compliant transactions.
Understanding the ins and outs of the Washington Real Estate Excise Tax Affidavit form is crucial for anyone involved in real estate transactions within the state. This document is not only a standard requirement but also a key component in ensuring that all parties understand the financial and legal dimensions of the property exchange. Below are six key takeaways that can help navigate the complexities of filling out and using this document effectively.
By keeping these takeaways in mind, individuals and professionals involved in real estate transactions in Washington can navigate the process more smoothly, ensuring compliance with state laws and regulations. This document, while requiring careful attention to detail, plays a vital role in the transparency and efficiency of property transfers.
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