Posted: Mon Apr 13, 2009 7:42 pm Post subject: WA state real estate excise tax on re-finance
I live in Washington State. My wife and I are refinancing our mortgage. The original mortgage was in my name only. If we add her to the title do we have to pay Wa State Real Estate Excise Tax? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
As far as I know, the State of Washington has the right to levy a real estate excise tax on all sales of real estate including the amount of any liens, mortgages and other debts given to secure the purchase at a rate of 1.28 percent. However, as you are only refinancing the property, I don't think you'll have to pay this tax. But it would be better if you could contact a tax assessor and take his opinion on this issue.
adonis
