Property Valuation
The Washington Department of Revenue uses what method to verify real estate sale prices for REET calculation?
AAppraisal review only
BReal Estate Excise Tax Affidavit (REETA) submitted at each sale✓ Correct
CAnnual assessor reports
DMLS listing data
Explanation
Washington requires a Real Estate Excise Tax Affidavit (REETA) to be completed and submitted at each taxable real estate sale. The affidavit discloses the sale price and is used to compute and collect REET.
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