Cost Breakdown
The real estate excise tax (REET) in Washington varies depending on the sale price of the property. As of 2025, the rate is typically 1.10% for properties sold for $500,000 or less, and 2.00% for properties sold for more than $500,000.
Use the calculator below to see how much REET you can expect to pay:
Washington REET Calculator
Tax Calculation Breakdown:
Sale Price: $0
Tax Rate: 1.10%
Excise Tax: $0.00
// Get the necessary elements
const salePriceInput = document.getElementById(“sale-price”);
const resultDiv = document.getElementById(“result”);
const displayPrice = document.getElementById(“display-price”);
const displayRate = document.getElementById(“display-rate”);
const displayTax = document.getElementById(“display-tax”);
// Function to calculate the excise tax and update the result
function calculateTax() {
let salePrice = parseFloat(salePriceInput.value);
// Ensure valid sale price input
if (isNaN(salePrice) || salePrice <= 0) {
resultDiv.style.display = "none"; // Hide result if invalid input
return;
}
// Determine the tax rate based on the sale price
let taxRate;
if (salePrice <= 500000) {
taxRate = 1.10; // 1.10% for sale price <= $500,000
} else {
taxRate = 2.00; // 2.00% for sale price > $500,000
}
// Calculate the excise tax
let exciseTax = (salePrice * taxRate) / 100;
// Update the result display
displayPrice.textContent = salePrice.toFixed(2);
displayRate.textContent = taxRate.toFixed(2) + “%”;
displayTax.textContent = exciseTax.toFixed(2);
// Show the result section
resultDiv.style.display = “block”;
}
// Listen for changes to the sale price input field
salePriceInput.addEventListener(“input”, calculateTax);