✅ The Excise Tax Rates paid by sellers are graduated based on the selling price. Our Estimated Closing Costs do the calculations based on this mathematical schedule up to and including $3,025,000. For homes selling above that, you'll have to add a small calculation for the additional slice of the excise tax that will be taken at 4.5%.

• 1.6% (1.1% state + 0.5% local) on the portion up to $525,000

• 1.78% (1.28% state + 0.5% local) on $525,000.01 to $1,525,000

• 3.25% (2.75% state + 0.5% local) on $1,525,000.01 to $3,025,000

• 4.5% (4.0% state + 0.5% local) on amounts above $3,025,000

Note for Sellers Side: No proration has been done for property taxes, so if a Seller has not paid one of the bi-annual tax payments, a prorated amount will be deducted from his proceeds, but if he has paid in advance, he will get some money back.

FYI: The items and formulas necessary to calculate all of these Estimated Closing Costs for both buyers and sellers in the Sequim and Port Angeles market (Clallam County) are quite complicated. Your programmer is Chuck Marunde, and in case you are curious this required a total of 695 lines of code, including HTML, CSS, and JavaScript combined. It's crazy how much infrastructure and information Chuck has created for his buyer clients. But what would you expect of the Sequim's number one Exclusive Buyer's Agent?

Notice that you can get the actual property taxes for a property by using the link "Search Here" under the field titled "Annual Property Tax." All you'll need is the property address.

"Of course, you can ask your escrow company for an estimated closing statement just prior to closing within a few days of closing, but most of my buyers like to have an idea of the kinds of closing costs they will have and how much they'll be long before closing, and you can do these calculations here even before you've made an offer on a home." Chuck Marunde