Washington DOR Announces REET Exemption for Nonprofits, Affordable Housing

The Washington State Department of Revenue (DOR) announced that effective 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 will be exempt from the real estate excise tax (REET). The notice outlines the specific requirements for this exemption, including that the development must qualify for certain property tax exemptions, the space sold must be used for an exempt community purpose, and the buyer must be a qualified entity. [Wash. Dep’t of Revenue, Real Estate Excise Tax Exemption, 09/30/25]

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