Pierce County Washington Real Estate
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pierce county washington real estate
In the past month, 565 homes have been sold in Pierce County. In addition to houses in Pierce County, there were also 138 condos, 49 townhouses, and 61 multi-family units for sale in Pierce County last month. Find your dream home in Pierce County using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Pierce County are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Pierce County. Redfin has a local office at 1099 Stewart St, Suite 600, Seattle, WA 98101. If you're looking to sell your home in the Pierce County area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Pierce County with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.
Real estate excise tax (REET) is a tax on the sale of real property. All sales of real property in the state are subject to REET unless a specific exemption is claimed. The seller of the property typically pays the real estate excise tax, although the buyer is liable for the tax if it is not paid. Unpaid tax can become a lien on the transferred property.
Land classifications are assigned by the county assessor in which the property is located. Agricultural land must be classified as defined in RCW 84.34.020. Timberland must be classified under RCW 84.34 or designated under RCW 84.33. These classifications include the structures on such land. For REET purposes, real property is only considered for the flat state tax rate if the buyer indicates it will continue to use the land in a qualifying manner and the county assessor approves the land for such continued use. The county assessor must sign the Notice of Continuance in section 6 of the affidavit.
The real estate excise tax applies to transfers of real property when the grantee relieves the grantor from an underlying debt on the property or makes payments on the grantor's debt. The measure of the tax is the combined amount of the underlying debt on the property and any other consideration. WAC 458-61A-103(1)
While the county looks at the true and fair market value, they will continue to assess your property value based on the real estate market activity within your neighborhood and make the necessary changes.
Are you looking to buy a home in Pierce County, WA? Understanding Pierce County real estate market prices and trends and looking at the housing forecast for Washington State can help you make the best decision.
This year's tax increases vary widely by city and are the result of both voter-approved levies and rapidly rising property values across Puget Sound. In Pierce County the increase is generally mild, thanks to statutory limits on property tax rates which offset surging real estate costs.
Real estate excise tax is the obligation of the seller of real property and is due and payable immediately at the time of sale. If the tax is not paid within 30 days of the sale, interest will be charged at the maximum rate permitted by law from the time of sale until the date of payment.
Because taxes are due toward the middle of the period they cover, a real estate seller may receive a refund or pay prorated taxes depending on the closing date. For example, a sale that closes in March will have both parties paying prorated taxes: the seller pays for January 1st to date of closing, and the buyer pays from the closing date to June 30th. A closing that happens in May, would give the seller a refund for prorated taxes from the closing date to the end of June, since the seller would have paid in April for the entire first half of the year.
The number of properties listed in Pierce County this year began lower in January and reached its peak in June before falling gradually again. The latter half of the year saw consistent decreases in the number of new listings, as is normal in real estate. December saw a total of 655 new listings, lower than in previous years but still expected due to rising interest rates.
Looking for the latest market update for Pierce County, WA? You've come to the right place! In this blog post, we'll provide an overview of what's been happening in the real estate market lately and what to expect in the near future. Whether you're a home buyer or seller, it's important to stay up-to-date on the latest trends and changes in order to make informed decisions, especially as the market changes.