Free Medical Lake, Washington seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Medical Lake, Washington (Spokane County). The calculator applies the local rates for you.
- Median home value
- $333,000
- Transfer tax on $335,000
- $4,528
- Seller costs on $335,000
- About $23,690
- Median property tax bill
- $2,626 a year
- County
- Spokane County
- Population
- 5,003
Medical Lake transfer tax
On a $335,000 sale in Medical Lake, transfer taxes come to $4,528: State real estate excise tax (graduated), Local real estate excise tax (0.25% cities) and REET technology fee. By custom the seller pays it. Medical Lake has its own local transfer tax, so the total differs from the rest of Spokane County, where the same sale would owe $5,365.
| Tax | Rate | Paid by | On $335,000 |
|---|---|---|---|
| State real estate excise tax (graduated) | 1.1% to $525K; 1.28% to $1.525M; 2.75% to $3.025M; 3% above (marginal) | Seller | $3,685 |
| Local real estate excise tax (0.25% cities) | 0.25% | Seller | $837.50 |
| REET technology fee | $5 per affidavit | Seller | $5 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $3,380 | $0 | $3,380 |
| $335,000 local median value | $4,527.50 | $0 | $4,527.50 |
| $500,000 | $6,755 | $0 | $6,755 |
| $1,000,000 | $14,360 | $0 | $14,360 |
Example Medical Lake seller net sheet
A $335,000 sale, close to Medical Lake's median home value of $333,000, with a 5% commission and a $200,000 mortgage payoff. Seller costs come to about $23,690, or 7.1% of the price.
| Line | Seller |
|---|---|
| Sale price | $335,000 |
| First mortgage payoff | −$200,000 |
| Real estate commission (5%) | −$16,750 |
| State real estate excise tax (graduated) | −$3,685 |
| Local real estate excise tax (0.25% cities) | −$837.50 |
| REET technology fee | −$5 |
| Owner's title insurance policy | −$1,347.50 |
| Escrow fee | −$700 |
| Release / satisfaction recording | −$304.50 |
| Wire / courier / payoff processing | −$60 |
| Estimated net before property tax prorations | $111,310.50 |
Who pays what in Medical Lake
Medical Lake closings follow Spokane County customs. In Spokane 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 Medical Lake
The median property tax bill for homeowners in Medical Lake is $2,626 a year, about 0.79% of the median home value of $333,000 (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.
Medical Lake seller questions
How much is the transfer tax in Medical Lake, Washington?
On a $335,000 sale in Medical Lake, transfer taxes come to $4,528: State real estate excise tax (graduated), Local real estate excise tax (0.25% cities) and REET technology fee. By custom the seller pays it. Medical Lake has its own local transfer tax, so the total differs from the rest of Spokane County, where the same sale would owe $5,365.
How much are seller closing costs in Medical Lake?
On a $335,000 sale, close to the median home value in Medical Lake, with a 5% commission, estimated seller costs are about $23,690 (7.1% of the price). Without commission they are about $6,940. The loan payoff and property tax proration change the final number.
What county is Medical Lake in, and does it matter at closing?
Medical Lake is in Spokane County, Washington. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Spokane 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 Medical Lake?
The median property tax bill for homeowners in Medical Lake is $2,626 a year, about 0.79% of the median home value of $333,000 (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.
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