Transfer on death deeds

From the 2024 DOR Tax Exemption Study

(b) Example 3. Susan inherits real property from her father's es- tate. She decides to sell it to a friend on a real estate contract for $100,000. Real estate excise tax is due on the $100,000. (c) Example 4. Sheri and her two sisters inherit their father's home, valued at $180,000, in equal portions. Sheri wants sole owner- ship of the home, but there are not "in-kind" assets of sufficient value to be distributed by the personal representative to her two sis- ters in a nonpro rata distribution. In order to take title directly from the personal representative, Sheri pays each of her sisters $60,000, and they quitclaim their right to the property under the will. Real estate excise tax is due on the total of $120,000 paid for the property. (6) Exemptions and required documentation. A transfer of real property through a devise by will or inheritance is exempt from the real estate excise tax for the following types of transfers. Refer to WAC 458-61A-303 (Affidavit) to determine if a real estate excise tax affidavit is required to document the exempt transfers. Additional documentation may be required to substantiate each exemption, and must be provided to the county treasurer of the co