1363-S AMH MYER H2130.1
SHB 1363 - H AMD 000040 ADOPTED 03-10-93
By Representatives Holly Myers, Peery and Edmondson
Strike everything after the enacting clause and insert the following:
"Sec. 1. RCW 36.21.080 and 1989 c 246 s 4 are each amended to read as follows:
(1) The county assessor is authorized to place any property that is increased in value due to construction or alteration for which a building permit was issued, or should have been issued, under chapter 19.27, 19.27A, or 19.28 RCW or other laws providing for building permits on the assessment rolls for the purposes of tax levy up to August 31st of each year. The assessed valuation of the property shall be considered as of July 31st of that year.
(2) In conducting a physical appraisal under RCW 36.21.070 or subsection (1) of this section, the county assessor shall notify the local building official of any increase in the size of the building, and any other significant modifications that are apparent from an exterior inspection of the building, since the last physical appraisal.
NEW SECTION. Sec. 2. A new section is added to chapter 19.27 RCW to read as follows:
A copy of any verification of final inspection issued upon completion of construction or alteration work on a single or multifamily residential building shall be transmitted by the issuing authority to the county auditor of the county where the property on which the construction or alteration work is located to be recorded in the real property records. The verification of final inspection shall contain the county assessor's parcel number.
NEW SECTION. Sec. 3. A new section is added to chapter 48.29 RCW to read as follows:
The existence of verifications of final inspection that are recorded pursuant to section 2 of this act shall be disclosed as an attachment to every title insurance report provided to the purchasers of real property. Nothing in this section requires a title insurer to include such verifications within the coverage provided under a title insurance contract."
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