Date of Adoption: November 20, 2003.

     Purpose: 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, during assessment 2004.

     This rule is being amended to update the interest rate and the property tax component used to value farm and agricultural land classified under chapter 84.34 RCW.

     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 84.34.065.

     Other Authority: RCW 84.34.141.

      Adopted under notice filed as WSR 03-19-062 on September 11, 2003.

     Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.

     Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0;      Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 1, Repealed 0.
     Effective Date of Rule: Thirty-one days after filing.

November 20, 2003

Russell W. Brubaker

Assistant Director

Legislation and Policy Division

OTS-6660.1

AMENDATORY SECTION(Amending WSR 02-23-080, filed 11/19/02, effective 12/20/02)

WAC 458-30-262   Agricultural land valuation -- Interest rate -- Property tax component.   For assessment year ((2003)) 2004, 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 ((8.91)) 8.34 percent; and

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

COUNTY	PERCENT	COUNTY	PERCENT
Adams	((1.37)) 1.40	Lewis	((1.17)) 1.15
Asotin	((1.46)) 1.48	Lincoln	((1.40)) 1.37
Benton	((1.41)) 1.36	Mason	((1.27)) 1.26
Chelan	((1.33)) 1.34	Okanogan	((1.26)) 1.20
Clallam	((1.12)) 1.18	Pacific	((1.25)) 1.33
Clark	((1.37)) 1.35	Pend Oreille	((1.32)) 1.33
Columbia	((1.38)) 1.36	Pierce	((1.49)) 1.51
Cowlitz	((1.25)) 1.23	San Juan	((0.81)) 0.73
Douglas	((1.41)) 1.37	Skagit	((1.23)) 1.22
Ferry	((1.12)) 1.03	Skamania	((1.03)) 1.02
Franklin	((1.52)) 1.55	Snohomish	((1.35)) 1.33
Garfield	1.58	Spokane	((1.49)) 1.42
Grant	((1.44)) 1.40	Stevens	((1.14)) 1.09
Grays Harbor	((1.32)) 1.35	Thurston	((1.49)) 1.42
Island	((0.94)) 0.99	Wahkiakum	((1.02)) 1.07
Jefferson	((1.18)) 1.16	Walla Walla	((1.49)) 1.43
King	((1.12)) 1.10	Whatcom	1.28
Kitsap	((1.39)) 1.34	Whitman	((1.51)) 1.57
Kittitas	((1.08)) 1.05	Yakima	1.29
Klickitat	((1.24)) 1.17

[Statutory Authority: RCW 84.34.065 and 84.34.141. 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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