The Flip Side to Washington State's Graduated Real Estate Excise Tax

The recently passed statewide graduated real estate excise tax has been a major talking point for the Seattle commercial property industry this year because it's one of the most important real estate-related taxes in recent Washington state history. While CoStar has dived into how the tax is affecting high-value deals, here's a look at the tax's impact on lower-priced apartments and how it could have unintended consequences for a law that, at least in part, is meant to address housing affordability.