WSR 09-21-030

EXPEDITED RULES

DEPARTMENT OF REVENUE


[ Filed October 13, 2009, 10:03 a.m. ]

     Title of Rule and Other Identifying Information: Amending WAC 458-30-262 Agricultural land valuation -- Interest rate -- Property tax component.

NOTICE

     THIS RULE IS BEING PROPOSED UNDER AN EXPEDITED RULE-MAKING PROCESS THAT WILL ELIMINATE THE NEED FOR THE AGENCY TO HOLD PUBLIC HEARINGS, PREPARE A SMALL BUSINESS ECONOMIC IMPACT STATEMENT, OR PROVIDE RESPONSES TO THE CRITERIA FOR A SIGNIFICANT LEGISLATIVE RULE. IF YOU OBJECT TO THIS USE OF THE EXPEDITED RULE-MAKING PROCESS, YOU MUST EXPRESS YOUR OBJECTIONS IN WRITING AND THEY MUST BE SENT TO Kim M. Qually, Department of Revenue, P.O. Box 47467, Olympia, WA 98504-7467, fax (360) 664-0693, e-mail kimq@dor.wa.gov , AND RECEIVED BY December 21, 2009.


     Purpose of the Proposal and Its Anticipated Effects, Including Any Changes in Existing Rules: The purpose of this rule is to provide county assessors with the rate of interest and property tax component used in valuing farm and agricultural land classified under chapter 84.34 RCW (the open space program) during assessment year 2010.

     The rule is being amended to update the interest rate and property tax component used to value farm and agricultural land classified under chapter 84.34 RCW. The amendments provide information that local taxing officials will use when valuing classified farm and agricultural land during assessment year 2010.

     Reasons Supporting Proposal: RCW 84.34.065 requires the department to annually determine a rate of interest and property tax component. This information is to be set forth in a rule that is to be published in the state register no later than January 1st each year for use in that assessment year.

     Statutory Authority for Adoption: RCW 84.34.065 and 84.34.141.

     Statute Being Implemented: RCW 84.34.065.

     Rule is not necessitated by federal law, federal or state court decision.

     Name of Proponent: Department of revenue, governmental.

     Name of Agency Personnel Responsible for Drafting: Kim M. Qually, 1025 Union Avenue S.E., Suite #400, Olympia, WA, (360) 570-6113; Implementation and Enforcement: Brad Flaherty, 1025 Union Avenue S.E., Suite #200, Olympia, WA, (360) 570-5860.

October 13, 2009

Alan R. Lynn

Rules Coordinator

OTS-2730.1


AMENDATORY SECTION(Amending WSR 08-24-093, filed 12/2/08, effective 1/2/09)

WAC 458-30-262   Agricultural land valuation -- Interest rate -- Property tax component.   For assessment year 2009, the interest rate and the property tax component that are to be used to value classified farm and agricultural lands are as follows:

     (1) The interest rate is ((7.69)) 7.53 percent; and

     (2) The property tax component for each county is:


COUNTY PERCENT COUNTY PERCENT
Adams ((1.29)) 1.22 Lewis ((0.96)) 0.90
Asotin 1.25 Lincoln ((1.18)) 1.15
Benton ((1.20)) 1.15 Mason ((0.99)) 0.90
Chelan ((1.10)) 0.95 Okanogan ((1.04)) 0.94
Clallam ((0.82)) 0.83 Pacific ((1.20)) 1.14
Clark ((0.98)) 1.01 Pend Oreille ((1.01)) 0.86
Columbia ((1.13)) 1.09 Pierce ((1.08)) 1.09
Cowlitz ((1.09)) 1.03 San Juan ((0.55)) 0.50
Douglas ((1.13)) 0.95 Skagit 0.90
Ferry ((0.90)) 0.89 Skamania ((0.84)) 0.79
Franklin ((1.38)) 1.34 Snohomish ((0.89)) 0.91
Garfield ((1.10)) 1.12 Spokane 1.13
Grant ((1.31)) 1.22 Stevens ((0.99)) 0.94
Grays Harbor ((1.14)) 1.08 Thurston ((0.98)) 0.99
Island ((0.68)) 0.69 Wahkiakum ((0.85)) 0.79
Jefferson ((0.82)) 0.79 Walla Walla ((1.26)) 1.14
King ((0.94)) 0.88 Whatcom ((0.99)) 0.94
Kitsap ((0.88)) 0.90 Whitman ((1.36)) 1.27
Kittitas ((0.84)) 0.73 Yakima ((1.15)) 1.12
Klickitat ((1.00)) 0.84

[Statutory Authority: RCW 84.34.065 and 84.34.141. 08-24-093, § 458-30-262, filed 12/2/08, effective 1/2/09; 08-04-051, § 458-30-262, filed 1/31/08, effective 3/2/08; 07-01-011, § 458-30-262, filed 12/7/06, effective 1/1/07; 05-24-028, § 458-30-262, filed 11/30/05, effective 1/1/06; 05-01-051, § 458-30-262, filed 12/7/04, effective 1/1/05; 03-24-013, § 458-30-262, filed 11/20/03, effective 12/21/03; 02-23-080, § 458-30-262, filed 11/19/02, effective 12/20/02; 02-03-040, § 458-30-262, filed 1/8/02, effective 2/8/02. Statutory Authority: RCW 84.34.065, 84.34.360. 00-24-105, § 458-30-262, filed 12/6/00, effective 1/1/01; 99-24-034, § 458-30-262, filed 11/23/99, effective 1/1/00. Statutory Authority: RCW 84.34.065, 84.34.360 and 84.08.010. 99-01-067, § 458-30-262, filed 12/14/98, effective 1/1/99. Statutory Authority: RCW 84.34.065, 84.34.141 and 84.08.010. 98-01-178, § 458-30-262, filed 12/23/97, effective 1/1/98. Statutory Authority: RCW 84.34.065, 84.34.141, 84.08.010 and 84.34.070. 97-02-066, § 458-30-262, filed 12/31/96, effective 1/1/97. Statutory Authority: RCW 84.34.065, 84.34.141, 84.08.010 and 84.34.070. 96-01-095, § 458-30-262, filed 12/19/95, effective 1/1/96. Statutory Authority: RCW 84.34.065, 84.34.141, 84.08.010 and 84.08.070. 95-09-041, § 458-30-262, filed 4/14/95, effective 5/15/95. Statutory Authority: RCW 84.08.010, 84.08.070 and 84.34.065. 94-05-062, § 458-30-262, filed 2/11/94, effective 3/14/94. Statutory Authority: RCW 84.08.010 and 84.08.070. 93-07-067, § 458-30-262, filed 3/17/93, effective 4/17/93; 92-03-068, § 458-30-262, filed 1/14/92, effective 2/14/92; 91-04-001, § 458-30-262, filed 1/24/91, effective 2/24/91; 90-24-087, § 458-30-262, filed 12/5/90, effective 1/5/91. Statutory Authority: RCW 84.08.010(2) and 84.34.141. 90-02-080 (Order PT 90-1), § 458-30-262, filed 1/2/90, effective 2/2/90.]

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