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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Steve Lokness who wrote (26462)3/28/2005 5:15:41 PM
From: CalculatedRisk  Read Replies (2) of 116555
 
OK, from that article: "Washington State is one of only six states in the nation to levy a sales tax on the labor and materials that go into the construction of a new home. ... [A]n additional Real Estate Excise Tax is levied based on the total selling price of the home."

So they don't levy a sales tax on the home, but on the "labor and material" for a new home. (Existing homes must be exempt). Plus some sort of Excise Tax on the selling price.

Do you know how much the excise tax is?

Thanks! Sounds interesting ...
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