Changes to Kittitas County Real Estate Excise Taxes
July 25, 2024
Seattle King County REALTORS® has been assisting REALTOR® members in Kittitas County in efforts to better understand the passage of a second 0.25% real estate excise tax (REET) without a vote of the people, and to evaluate the prospects for a levy lid lift to pay for neighborhood road maintenance projects.
The focus of the advocacy effort has been to:
- Distill the primary focus of industry concerns that have been expressed regarding the second 0.25% REET, which appear to include:
- Approval of the REET Increase Without a Public Vote
- Expenditure of the REET funds
- Whether or not the County Commissioners supplanted or diverted Capital Project Funds and replaced them with REET
- Identify information and documents related to the imposition and expenditure of REET revenues that might be most helpful in answering questions and building trust with the Kittitas County Commissioners
- Identify individuals and firms in the Kittitas County real estate brokerage industry who have expressed an interest in, and/or been vocal regarding, the enactment and expenditure of REET, and
- Set the stage to work with the County Commissioners to address broad-ranging policy challenges that are in important to brokers in Kittitas County.