WSR 10-02-025

PERMANENT RULES

DEPARTMENT OF REVENUE


[ Filed December 29, 2009, 1:54 p.m. , effective January 1, 2010 ]


Effective Date of Rule: January 1, 2010.

Other Findings Required by Other Provisions of Law as Precondition to Adoption or Effectiveness of Rule: The department is adopting this rule with an effective date of January 1 so that county officials may properly value classified farm and agricultural land during assessment year 2010.

Purpose: WAC 458-30-262 provides 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). Each county has its own property tax component. The rule is being amended to update the interest rate and property tax component that local taxing officials will use when valuing classified farm and agriculture land during assessment year 2010.

Citation of Existing Rules Affected by this Order: Amending WAC 458-30-262 Agricultural land valuation -- Interest rate -- Property tax component.

Statutory Authority for Adoption: RCW 84.34.065 and 84.34.141.

Adopted under notice filed as WSR 09-21-030 on October 13, 2009.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0.

Date Adopted: December 29, 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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