WSR 07-24-096

EMERGENCY RULES

DEPARTMENT OF REVENUE


[ Filed December 5, 2007, 11:44 a.m. , effective January 1, 2008 ]


Effective Date of Rule: January 1, 2008.

Purpose: The purpose of this rule 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. The rule is being amended to update the interest rate and property tax component used to value farm and agricultural land classified under chapter 84.34 RCW. The amendments provide information that local taxing officials need to value classified farm and agricultural land during assessment year 2008.

The department filed a CR-105 notice of expedited rule making on October 18, 2007, with the intention of adopting a permanent rule after December 24, see WSR 07-21-096. The department still anticipates adopting a permanent rule at that time. The department is adopting this rule, which is the same as that proposed in WSR 07-21-096. The department still anticipates adopting a permanent rule at that time. The department is adopting this rule, which is the same as that proposed in WSR 07-21-096, on an emergency basis at this time to satisfy [the] RCW 84.34.065 requirement that an adopted rule providing the rate of interest be published in the state register not later than January 1.

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 and 84.34.141.

Under RCW 34.05.350 the agency for good cause finds that immediate adoption, amendment, or repeal of a rule is necessary for the preservation of the public health, safety, or general welfare, and that observing the time requirements of notice and opportunity to comment upon adoption of a permanent rule would be contrary to the public interest.

Reasons for this Finding: RCW 84.34.065 requires the department to annually determine a rate of interest and property tax component. This information is to be set forth in a rule that is to be published in the state register no later than January 1 each year for use in that assessment year.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.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

Date Adopted: December 5, 2007.

Janis P. Bianchi

Assistant Director

Interpretation and Technical

Advice Division

OTS-1048.1


AMENDATORY SECTION(Amending WSR 07-01-011, filed 12/7/06, effective 1/1/07)

WAC 458-30-262   Agricultural land valuation -- Interest rate -- Property tax component.   For assessment year ((2007)) 2008, 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 ((7.18)) 7.60 percent; and

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


COUNTY PERCENT COUNTY PERCENT
Adams ((1.28))

1.26

Lewis ((1.15))

1.04

Asotin ((1.39))

1.33

Lincoln ((1.29))

1.24

Benton ((1.28))

1.25

Mason ((1.24))

1.14

Chelan ((1.33))

1.26

Okanogan ((1.18))

1.07

Clallam ((0.99))

0.86

Pacific ((1.39))

1.31

Clark ((1.20))

1.03

Pend Oreille ((1.13))

0.97

Columbia ((1.30))

1.17

Pierce ((1.32))

1.17

Cowlitz ((1.25))

1.15

San Juan ((0.69))

0.61

Douglas ((1.33))

1.22

Skagit ((1.12))

0.99

Ferry ((0.90))

0.96

Skamania ((0.92))

0.89

Franklin ((1.38))

1.42

Snohomish ((1.11))

0.99

Garfield ((1.47))

1.17

Spokane ((1.44))

1.28

Grant ((1.37))

1.35

Stevens ((1.09))

0.95

Grays Harbor ((1.38))

1.33

Thurston ((1.21))

1.12

Island ((0.89))

0.75

Wahkiakum ((1.03))

0.96

Jefferson ((0.98))

0.93

Walla Walla ((1.46))

1.38

King ((1.04))

1.00

Whatcom ((1.15))

1.05

Kitsap ((1.07))

0.96

Whitman ((1.54))

1.44

Kittitas ((1.00))

0.92

Yakima 1.22
Klickitat ((1.08))

1.09

[Statutory Authority: RCW 84.34.065 and 84.34.141. 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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