I will be taxed at the rate of 15%. capital gains rate = 15 %capital gains = rate * profitprofit = sales_price - (cost_price + fees + taxes)cost_price = original_amount_paid + cost_of_improvementse.g:if i originally bought a house for $100,000 and spent $25,000 over time on repairs and improvements , my cost price would be $125,000assume i sell for $200,000realtor fees + excise tax approx 8% of sales price = 8 % of 200,000 which is $16,000profit = sales_price - (cost_price + fees + taxes)profit = 200000 - (125000 + 16000)profit = 200000 - 141000profit = 59000capital gains tax = 15 % of 59 000 = $8850Is this the correct way to go about calculating long term capital gains?

They automatically sent out levy notices.

The unit is fully paid off and is currently rented out, does anyone have any information or tips about the excise tax paperwork for King County?

We were able to levy the account.

The excise tax form can be downloaded from the King County website.

Listen to what others have to say - You can levy the expertise and experience of others if you are able to do this one thing.

I also have a rental property in Tennessee and I file both an annual LLC report and a Franchise and Excise Tax Exemption form for TN.

ON top of the taxes levied on room rentals, booze, etc.

@Levi VincentI would look up in public records who owns the house (whether it's owned by a new individual, a bank, the city, etc) and contact them. 

No title insurance or commercial appraisal, no excise tax or buyer's agent commission, no building insurance changes or originating new commercial debt to finance it.