WSR 10-04-106

EXPEDITED RULES

DEPARTMENT OF REVENUE


[ Filed February 3, 2010, 10:45 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 Jim Winterstein, Department of Revenue, P.O. Box 47467, Olympia, WA 98504-7467, e-mail JimW@dor.wa.gov , AND RECEIVED BY April 5, 2010.


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).

This rule was recently amended to provide the information for assessment year 2010 (WSR 10-02-025). This amendment did not, however, correctly identify 2010 as the assessment year to which the values apply. The department is proposing to amend this rule to correct this oversight. There is no change to the rate of interest and property tax component values.

Reasons Supporting Proposal: This change is needed to clarify that the values in the rule apply to the 2010 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: Jim Winterstein, 1025 Union Avenue S.E., Suite #400, Olympia, WA, (360) 570-5880; Implementation and Enforcement: Brad Flaherty, 1025 Union Avenue S.E., Suite #200, Olympia, WA, (360) 570-5860.

February 3, 2010

Alan R. Lynn

Rules Coordinator

OTS-2990.1


AMENDATORY SECTION(Amending WSR 10-02-025, filed 12/29/09, effective 1/1/10)

WAC 458-30-262   Agricultural land valuation -- Interest rate -- Property tax component.   For assessment year ((2009)) 2010, 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 7.53 percent; and

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


COUNTY PERCENT COUNTY PERCENT
Adams 1.22 Lewis 0.90
Asotin 1.25 Lincoln 1.15
Benton 1.15 Mason 0.90
Chelan 0.95 Okanogan 0.94
Clallam 0.83 Pacific 1.14
Clark 1.01 Pend Oreille 0.86
Columbia 1.09 Pierce 1.09
Cowlitz 1.03 San Juan 0.50
Douglas 0.95 Skagit 0.90
Ferry 0.89 Skamania 0.79
Franklin 1.34 Snohomish 0.91
Garfield 1.12 Spokane 1.13
Grant 1.22 Stevens 0.94
Grays Harbor 1.08 Thurston 0.99
Island 0.69 Wahkiakum 0.79
Jefferson 0.79 Walla Walla 1.14
King 0.88 Whatcom 0.94
Kitsap 0.90 Whitman 1.27
Kittitas 0.73 Yakima 1.12
Klickitat 0.84

[Statutory Authority: RCW 84.34.065 and 84.34.141. 10-02-025, 458-30-262, filed 12/29/09, effective 1/1/10; 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.]

Washington State Code Reviser's Office