It's Tax Day!

To me, money is like a lot many things walking with its invisible legs. As if it were not bad enough I didn't know where the heck it went , I was given a task to chase it down at a deadline and then got penalized for taking the task . That's Tax Day USA feels like, and that's an understatement!

Back to real estate taxes, a little trivia: Washington’s real estate excise tax is among the nation’s highest. It generates a relatively small stream of revenue for state and local government, about 5 percent of the state general fund (Department of Revenue). Only New Hampshire’s 1.5 percent and Delaware’s 2 percent rates are higher than Washington’s state rate. Thirteen states do not tax real estate transfers at all. And in a number of other states, the tax amounts only to a minor recording fee (National Association of Realtors 2004).

Question:
Can home excise tax paid in Washington state be considered as tax credit or deductible?
Answer:
Excise tax is not sales tax and is not deductible. Sorry.