The Issue

The state legislature is considering an increase in the Real Estate Excise Tax (a sales tax collected on the sale of every home). Currently, the state collects 1.28% and local government collects .5% from every sale of property. The proposed local real estate tax increase would add another .65% to the sale of property.

That's the tax you pay when you sell your home. Increasing real estate taxes means when you sell your home, you pay more - thousands of dollars more of your hard earned equity in your home!

The proposed 130% increase in local real estate taxes would be a tax increase of $1657 on the median-priced home. Washington State already has one of the highest taxes on home sales in the nation. This tax will reduce the availability of affordable housing -- and would hit first-time homebuyers, middle income families and senior citizens particularly hard.

This proposed tax increase will take huge equity away from families on home sales, and will reduce home ownership in our state. Our home is a valuable investment we rely on. This investment must be protected!

	Click here to learn more about the facts of the proposed real estate tax increase.
	Click here to see an analysis of the real estate tax by the Washington Research Council.
	Click here to read more about the proposed legislation from the House Bill Report.
	Click here for Frequently Asked Questions about the proposed real estate tax increase.