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Real Estate taxes are going up in San Juan County.
In San Juan County, where there is a 7.9 month supply of homes on the market (King County is 2.3 months) it is getting more expensive for Buyers to purchase a home.
The county already imposes a Conservation Area Real Estate Tax equal to 1% of the purchase price to be paid by the Buyer at the time of closing. Now the county has added an Affordable House Excise Tax equal to 0.5% of the purchase price. The law states the new tax shall be paid 99% by the Buyer and 1% by the Seller.
In November 2018 the median selling price of a home in San Juan County was $565,000. The combined affect of these taxes raises the purchase price for a Buyer as follows:
The Harlan Team 