§ 82.45.010 “Sale” defined
§ 82.45.020 “Seller” defined
§ 82.45.030 “Selling price,” “total consideration paid or contracted to be paid,” defined
§ 82.45.032 Additional definitions
§ 82.45.033 “Controlling interest” defined
§ 82.45.035 Determining selling price of leases with option to purchase — Mining property — Payment, security when selling price not separately stated
§ 82.45.060 Tax on sale of property
§ 82.45.065 Tax preferences — Expiration dates
§ 82.45.070 Tax is lien on property — Enforcement
§ 82.45.080 Tax is seller’s obligation — Choice of remedies
§ 82.45.090 Payment of tax and fee — Evidence of payment — Recording — Sale of beneficial interest
§ 82.45.100 Tax payable at time of sale — Interest, penalties on unpaid or delinquent taxes — Notice — Prohibition on certain assessments or refunds — Deposit of penalties
§ 82.45.105 Single-family residential property, tax credit when subsequent transfer of within nine months for like property
§ 82.45.150 Applicability of general administrative provisions — Departmental rules, scope — Real estate excise tax affidavit form — Departmental audit
§ 82.45.180 Disposition of proceeds
§ 82.45.190 Exemptions — State route No. 16 corridor transportation systems and facilities
§ 82.45.195 Exemptions — Standing timber sales
§ 82.45.197 Exemptions — Inheritance — Documents required
§ 82.45.210 State assistance for county electronic processing and reporting of taxes — Grant program
§ 82.45.220 Failure to report transfer of controlling interest
§ 82.45.230 Accounts into which tax is deposited
§ 82.45.235 Tax treatment — Transactions structured to reduce or avoid tax
§ 82.45.240 Down payment assistance account
§ 82.45.900 Chapter 82.46 RCW ordinances in effect on July 1, 1993 — Application under chapter 82.45 RCW
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Terms Used In Washington Code > Chapter 82.45 - Excise tax on real estate sales

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Affordable homeownership facilitator: means a nonprofit community or neighborhood-based organization that is exempt from income tax under Title 26 U. See Washington Code 82.45.010
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Executrix: The female counterpart of an executor. See also
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • Intestate: Dying without leaving a will.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Legacy: A gift of property made by will.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Low-income: means household income as defined by the department, provided that the definition may not exceed eighty percent of median household income, adjusted for household size, for the county in which the dwelling is located. See Washington Code 82.45.010
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Personal property: All property that is not real property.
  • Probate: Proving a will
  • qualified entity: is:
Washington Code 82.45.010
  • qualified low-income housing development: means real property and improvements in respect to which the seller or, in the case of a transfer of a controlling interest, the owner or beneficial owner, was allocated federal low-income housing tax credits authorized under 26 U. See Washington Code 82.45.010
  • qualifying grantee: means a nonprofit entity as defined in RCW 84. See Washington Code 82.45.010
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
  • Self-help housing: means dwelling residences provided for ownership by low-income individuals and families whose ownership requirement includes labor participation. See Washington Code 82.45.010
  • selling price: means the true and fair value of the property conveyed. See Washington Code 82.45.030
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • total consideration paid or contracted to be paid: includes money or anything of value, paid or delivered or contracted to be paid or delivered in return for the sale, and shall include the amount of any lien, mortgage, contract indebtedness, or other incumbrance, either given to secure the purchase price, or any part thereof, or remaining unpaid on such property at the time of sale. See Washington Code 82.45.030
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.