Free Lake Tapps, Washington seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Lake Tapps, Washington (Pierce County). The calculator applies the local rates for you.
- Median home value
- $693,300
- Transfer tax on $695,000
- $11,431
- Seller costs on $695,000
- About $49,678
- Median property tax bill
- $7,216 a year
- County
- Pierce County
- Population
- 12,360
Lake Tapps transfer tax
On a $695,000 sale in Lake Tapps, transfer taxes come to $11,431: State real estate excise tax (graduated), Local real estate excise tax (0.50%) and REET technology fee. By custom the seller pays it.
| Tax | Rate | Paid by | On $695,000 |
|---|---|---|---|
| State real estate excise tax (graduated) | 1.1% to $525K; 1.28% to $1.525M; 2.75% to $3.025M; 3% above (marginal) | Seller | $7,951 |
| Local real estate excise tax (0.50%) | 0.50% | Seller | $3,475 |
| REET technology fee | $5 per affidavit | Seller | $5 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $4,005 | $0 | $4,005 |
| $500,000 | $8,005 | $0 | $8,005 |
| $695,000 local median value | $11,431 | $0 | $11,431 |
| $1,000,000 | $16,860 | $0 | $16,860 |
Example Lake Tapps seller net sheet
A $695,000 sale, close to Lake Tapps's median home value of $693,300, with a 5% commission and a $415,000 mortgage payoff. Seller costs come to about $49,678, or 7.1% of the price.
| Line | Seller |
|---|---|
| Sale price | $695,000 |
| First mortgage payoff | −$415,000 |
| Real estate commission (5%) | −$34,750 |
| State real estate excise tax (graduated) | −$7,951 |
| Local real estate excise tax (0.50%) | −$3,475 |
| REET technology fee | −$5 |
| Owner's title insurance policy | −$2,432 |
| Escrow fee | −$700 |
| Release / satisfaction recording | −$304.50 |
| Wire / courier / payoff processing | −$60 |
| Estimated net before property tax prorations | $230,322.50 |
Who pays what in Lake Tapps
Lake Tapps closings follow Pierce County customs. In Pierce County, the seller customarily pays the owner's title policy. The escrow fee is customarily split between buyer and seller. Closings are usually handled by an escrow company.
Property taxes in Lake Tapps
The median property tax bill for homeowners in Lake Tapps is $7,216 a year, about 1.04% of the median home value of $693,300 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Calendar year; halves due Apr 30 and Oct 31. Seller pays through closing for any unpaid portion.
Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the escrow company.
Lake Tapps seller questions
How much is the transfer tax in Lake Tapps, Washington?
On a $695,000 sale in Lake Tapps, transfer taxes come to $11,431: State real estate excise tax (graduated), Local real estate excise tax (0.50%) and REET technology fee. By custom the seller pays it.
How much are seller closing costs in Lake Tapps?
On a $695,000 sale, close to the median home value in Lake Tapps, with a 5% commission, estimated seller costs are about $49,678 (7.1% of the price). Without commission they are about $14,928. The loan payoff and property tax proration change the final number.
What county is Lake Tapps in, and does it matter at closing?
Lake Tapps is in Pierce County, Washington. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Pierce County, the seller customarily pays the owner's title policy. The escrow fee is customarily split between buyer and seller.
How much are property taxes in Lake Tapps?
The median property tax bill for homeowners in Lake Tapps is $7,216 a year, about 1.04% of the median home value of $693,300 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in arrears, so at closing the bill is prorated between buyer and seller to the closing date. Calendar year; halves due Apr 30 and Oct 31. Seller pays through closing for any unpaid portion.
Other cities in Pierce County
- Tacoma
- South Hill
- Lakewood
- Puyallup
- Parkland
- University Place
- Graham
- Spanaway
- Frederickson
- Bonney Lake
- Artondale
- Fort Lewis
Cities near Lake Tapps
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