1301-S AMH AAAA LONG2

SHB 1301 - H AMD 005 -- Failed 2/4/91

By Representative Morton

     On page 1, line 11, strike everything through page 2, line 28, and insert:

     "(1) Each county assessor shall maintain an active and systematic program of revaluation on a continuous basis((, and)).

(2) Each county assessor in counties of the first through ninth classes shall establish a revaluation schedule which will result in revaluation of all taxable real property within the county at least once each four years and physical inspection of all taxable real property within the county at least once each six years.

(3) Each county assessor in A and AA counties shall establish a revaluation schedule which will result in revaluation of all taxable real property within the county at least once each year and physical inspection of all taxable real property within the county at least once each six years.

     Sec. 2.  RCW 84.41.041 and 1987 c 319 s 4 are each amended to read as follows:

     Each county assessor shall cause taxable real property to be physically inspected ((and valued)) at least once every six years in accordance with RCW 84.41.030, and in accordance with a plan filed with and approved by the department of revenue.  Such revaluation plan shall provide that a reasonable portion of all taxable real property within a county shall be ((revalued and these)) physically inspected and newly-determined values based on these physical inspections shall be placed on the assessment rolls each year.  ((The department may approve a plan that provides that all property in the county be revalued every two years.  If the revaluation plan provides for physical inspection at least once each four years, during the intervals between each physical inspection of real property, the valuation of such property may be adjusted to its current true and fair value, such adjustments to be based upon appropriate statistical data. If the revaluation plan provides for physical inspection less frequently than once each four years,)) During the intervals between each physical inspection of real property, the valuation of such property shall be adjusted to its current true and fair value, such adjustments to be made ((once each year)) at least as frequently as necessary to comply with RCW 84.41.030 and may be made once each year.  The adjustments are to be based upon appropriate statistical data.

     The assessor may require property owners to submit pertinent data respecting taxable property in their control including data respecting any sale or purchase of said property within the past five years, the cost and characteristics of any improvement on the property and other facts necessary for appraisal of the property."

EFFECT:  Allows small counties to remain on four year revaluation cycle.