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From the 2024 DOR Tax Exemption Study

Home Forms & Publications Publications By Subject Special Notices Real Estate Excise Tax (REET) Exemption For The Sale Of Space In An Affordable Housing Development For Community Use Print Real estate excise tax (REET) exemption for the sale of space in an affordable housing development for community use Issue Date October 01, 2025 Intended audience: Owners of affordable housing developments, nonprofit organizations, housing authorities, public corporations. Starting on Jan. 1, 2026, the sale of qualified spaces in an affordable housing development to a nonprofit organization, housing authority, or public corporation for an exempt community purpose use is exempt from REET. What are the requirements? To qualify for this exemption all the following must be true: The development must qualify for an exemption from real and personal property taxes under RCW 84.36.560, 84.36.049, 35.82.210, 35.21.755, or 84.36.010. The sale must be of a qualified space. The space must be used for an exempt community purpose. The real property sold must be a separate legal parcel. The buyer must be a nonprofit organization, a housing authority, or a public corporation. A REET Affidavit must be completed f