WSR 10-09-049

PERMANENT RULES

DEPARTMENT OF REVENUE


[ Filed April 15, 2010, 11:20 a.m. , effective May 16, 2010 ]


Effective Date of Rule: Thirty-one days after filing.

Purpose: The purpose of WAC 458-30-262 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 amending the rule to correct this oversight. There is no change to the rate of interest and property tax component values.

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 84.34.055 and 84.34.141.

Adopted under notice filed as WSR 10-04-106 on February 3, 2010.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0.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: April 15, 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 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.]

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