Provides farm and agricultural land subject to valuation under chapter 84.34 RCW, and personal property located on the land, are exempt from taxes levied for any state purpose for three years. The farm and agricultural land must be located in a county designated as a disaster area in December 2007. The exemption under this act applies to taxes levied for collection in 2007, 2008, and 2009. Property taxes paid during calendar year 2007 are subject to refund under RCW 84.69.020. Property exempt under this act is not eligible for abatement for state property taxes under chapter 84.70 RCW.