No Capital Gains Tax on Real Estate?

[Katie King]

Just wanted to confirm this is correct- in Washington state you no longer have to pay capital gains tax on real estate, regardless of how long you owned the property? 

My husband and I are putting our new construction home on the market later this summer. Bought land back in 2019, finished building in 2022, listing in summer 2023. 

Just wanted to make sure we wouldn't have an issue with capital gains tax. 

Thanks for any advice!