What Kitsap Home Sellers Need to Know About WA Excise Tax
Understanding Washington State's Real Estate Excise Tax (REET)
When you sell a home in Washington State — including Kitsap County — you're responsible for paying the Real Estate Excise Tax (REET). Unlike states with flat transfer taxes, Washington uses a progressive rate structure that increases with the sale price. Understanding this is essential for accurate net proceeds calculations.
2026 REET Rate Tiers (Washington State)
| Sale Price Portion | State Rate |
|---|---|
| Up to $525,000 | 1.10% |
| $525,001 – $1,525,000 | 1.28% |
| $1,525,001 – $3,025,000 | 2.75% |
| Over $3,025,000 | 3.00% |
In addition to the state rate, Kitsap County charges a local REET of 0.5% on top of the state rate for all transactions.
Example: Selling a $550,000 Home in Silverdale
On a $550,000 sale price:
- First $525,000 × 1.10% = $5,775 (state)
- Remaining $25,000 × 1.28% = $320 (state)
- Total $550,000 × 0.5% = $2,750 (county)
- Total REET: approximately $8,845
Other Selling Costs to Budget For
Beyond REET, sellers in Kitsap County typically pay:
- Agent commission (negotiable; typically 5–6% total, split between buyer and seller agents)
- Title insurance and escrow fees ($1,500–$3,000 depending on price)
- Prorated property taxes
- Any negotiated repairs or credits
- Mortgage payoff balance
Net Sheet: Know Your Number Before You List
A good listing agent will prepare a detailed Seller Net Sheet before you commit to a list price — showing your estimated proceeds after all costs. Request one from any agent you interview. If they can't produce one, that's a red flag.
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A Kitsap County resident since 2000, helping buyers and sellers across the peninsula. Specializing in VA loans, military relocation, and first-time buyers. Licensed in Washington State.