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Counties push to raise real-estate excise tax transaction fee from $5 to $20

2140770 · January 22, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

House Bill 1044 would increase the filing fee on real estate excise tax affidavits from $5 to $20, dedicating 65% to assessor activities and the remainder to treasurer activities. County assessors and treasurers urged passage; taxpayer advocates opposed the increase.

Committee staff summarized House Bill 1044 as a proposal to replace an existing $5 affidavit filing fee with a $20 fee on all real-estate-excise-tax (REET) affidavits, regardless of whether tax is due. Under the bill the amount would be adjusted every four years by the Department of Revenue based on CPI‑shelter growth. Sixty‑five percent of the fee would be dedicated to county assessor activities and the remainder to county treasurer activities.

Sponsor Rep. Sharon Wiley framed the measure as a cost‑recovery step that would help county assessors and…

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