Residential Property

Seattle Attorney’s Office Weighs in on Proposed Taxes on Foreign Buyers.

Seattle Attorney’s Office Weighs in on Proposed Taxes on Foreign Buyers.

Taxing overseas buyers of vacant homes in order to cool the city’s housing market has been on the agenda for some Seattle politicians since British Columbia took similar measures in Vancouver last year. The issue is a key part of the platform of mayoral finalist Cary Moon. But the City Attorney’s Office recently declared both proposals currently being considered illegal. Moreover, the King County tax assessor has stated that such taxes are unnecessary and could encourage anti-Asian sentiment since much of the foreign buying comes out of China. The program in Vancouver so far has achieved limited success.

 

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RT @SeattlesBanker: OCC seeks to raise appraisal thresholds for commercial real estate loans https://t.co/4MCDfFvzyD

RT @seattlepi: Commercial real estate sellers are trying some new angles in selling properties for development in Seattle. https://t.co/7dO…

RT @EW: ICYMI: Netflix says more #ArrestedDevelopment is in the works: http://t.co/ZbHdbixpKF http://t.co/Lqg5jBp69i

Address of Real Bluth Model Home REVEALED #ArrestedDevelopment: http://t.co/1qNT2TPwz0 http://t.co/gjcWN8U7HL

Art Stable, by Olson Kundig Architects, Seattle, Wash. The live/work loft project includes a seven-s http://t.co/6Oi9pWs1BS

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RT @bohamrick: 7 Apps Every Commercial Real Estate Broker Needs https://t.co/6OdRC3Fubg
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RT @SeattlesBanker: OCC seeks to raise appraisal thresholds for commercial real estate loans https://t.co/4MCDfFvzyD
RT @seattlepi: Commercial real estate sellers are trying some new angles in selling properties for development in Seattle. https://t.co/7dO…
RT @EW: ICYMI: Netflix says more #ArrestedDevelopment is in the works: http://t.co/ZbHdbixpKF http://t.co/Lqg5jBp69i
Address of Real Bluth Model Home REVEALED #ArrestedDevelopment: http://t.co/1qNT2TPwz0 http://t.co/gjcWN8U7HL
Art Stable, by Olson Kundig Architects, Seattle, Wash. The live/work loft project includes a seven-s http://t.co/6Oi9pWs1BS
Aros: Federal Center South Building 1202, Seattle, Washington. Commercial Real Estate #commercialre http://t.co/lRX2VhtOZ5