Date Adopted: December 30, 2003.

     Purpose: WAC 458-40-540 contains the forest land values for 2004. County assessors use these published land values for property tax assessments made January 1, 2004. A statutory formula adjusts values annually and requires adoption by the beginning of January each year.

     Citation of Existing Rules Affected by this Order: Amending WAC 458-40-540 Forest land values -- 2003.

     Statutory Authority for Adoption: RCW 82.32.300.

     Other Authority: RCW 84.33.140.

      Adopted under notice filed as WSR 03-23-049 on November 14, 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     Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0;      Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 1, Repealed 0.

     Other Findings Required by Other Provisions of Law as Precondition to Adoption or Effectiveness of Rule: This rule is required by statute (RCW 84.33.140) to be effective on January 1st of each year.

     Effective Date of Rule: January 1, 2004.

December 30, 2003

Russell W. Brubaker

Assistant Director

Legislation and Policy Division

OTS-6845.1

AMENDATORY SECTION(Amending WSR 03-02-004, filed 12/19/02, effective 1/1/03)

WAC 458-40-540   Forest land values -- ((2003)) 2004.   The forest land values, per acre, for each grade of forest land for the ((2003)) 2004 assessment year are determined to be as follows:

LAND GRADE	OPERABILITY CLASS		((2003)) 2004 VALUES ROUNDED
1	1 2 3 4	(($218)) $210 ((215)) 207 ((203)) 196 ((147)) 142
2	1 2 3 4	((185)) 178 ((178)) 172 ((171)) 165 ((123)) 119
3	1 2 3 4	((144)) 139 ((140)) 135 ((139)) 134 ((106)) 102
4	1 2 3 4	((110)) 106 ((107)) 103 ((106)) 102 ((81)) 78
5	1 2 3 4	((80)) 77 ((73)) 70 ((72)) 69 ((49)) 47
6	1 2 3 4	((40)) 39 ((37)) 36 ((37)) 36 ((35)) 34
7	1 2 3 4	((19)) 18 ((19)) 18 ((18)) 17 ((18)) 17
8		1

[Statutory Authority: RCW 82.01.060(2), 82.32.300, 84.33.096, 84.33.091, and 84.33.140. 03-02-004, § 458-40-540, filed 12/19/02, effective 1/1/03. Statutory Authority: RCW 82.32.300, 84.33.096, 84.33.091 and 84.33.120. 02-02-033, § 458-40-540, filed 12/24/01, effective 1/1/02. Statutory Authority: RCW 82.32.300, 84.33.096 and 84.33.120. 01-02-018, § 458-40-540, filed 12/21/00, effective 1/1/01; 00-02-018, § 458-40-540, filed 12/27/99, effective 1/1/00; 99-02-030, § 458-40-540, filed 12/30/98, effective 1/1/99; 98-02-014, § 458-40-540, filed 12/30/97, effective 1/1/98; 97-07-041, § 458-40-540, filed 3/14/97, effective 4/14/97; 96-02-055, § 458-40-540, filed 12/29/95, effective 1/1/96. Statutory Authority: RCW 82.32.300 and 84.33.120. 95-02-039, § 458-40-540, filed 12/30/94, effective 1/1/95. Statutory Authority: RCW 82.32.300. 94-02-046, § 458-40-540, filed 12/30/93, effective 1/1/94. Statutory Authority: RCW 84.33.120. 93-02-024, § 458-40-540, filed 12/31/92, effective 1/1/93; 91-24-026, § 458-40-540, filed 11/26/91, effective 1/1/92. Statutory Authority: RCW 84.33.120 and 84.08.010. 90-24-012, § 458-40-540, filed 11/27/90, effective 12/28/90; 89-23-095, § 458-40-540, filed 11/21/89, effective 12/22/89. Statutory Authority: RCW 84.33.120 and 84.33.130. 88-23-055 (Order FT-88-3), § 458-40-540, filed 11/15/88; 87-22-068 (Order FT-87-3), § 458-40-540, filed 11/4/87. Statutory Authority: Chapter 84.33 RCW. 87-02-023 (Order 86-4), § 458-40-540, filed 12/31/86.]