Date of Adoption: December 4, 2001.

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 year 2002.

This 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 department filed a CR-105 notice of expedited rule making on October 26, 2001, with the intention of adopting a permanent rule on January 8th (see WSR 01-22-005). The department still anticipates adopting a permanent rule on this date. The department is at this time adopting this rule, which is the same as that proposed in WSR 01-22-005, on an emergency basis to satisfy RCW 84.34.065 requirement that an adopted rule providing the rate of interest be published in the state register not later than January 1st.

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.

Under RCW 34.05.350 the agency for good cause finds that state or federal law or federal rule or a federal deadline for state receipt of federal funds requires immediate adoption of a rule.

Reasons for this Finding: RCW 84.34.065 requires the department to annually determine a rate of interest and property tax component by rule which is to be published in the state register not later than the January 1st assessment date.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 1, Repealed 0.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: December 31, 2001.

December 4, 2001

Russell W. Brubaker

Assistant Director

Legislation and Policy Division

OTS-5238.2

AMENDATORY SECTION(Amending WSR 00-24-105, filed 12/6/00, effective 1/1/01)

WAC 458-30-262   Agricultural land valuation -- Interest rate -- Property tax component.   For assessment year ((2001)) 2002, 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 ((9.49)) 9.35 percent; and

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

COUNTY	PERCENT	COUNTY	PERCENT
Adams	((1.40)) 1.37	Lewis	((1.23)) 1.21
Asotin	((1.48)) 1.44	Lincoln	((1.43)) 1.41
Benton	((1.48)) 1.46	Mason	((1.26)) 1.25
Chelan	1.32	Okanogan	((1.28)) 1.27
Clallam	((1.17)) 1.18	Pacific	((1.20)) 1.27
Clark	((1.35)) 1.37	Pend Oreille	((1.37)) 1.34
Columbia	((1.43)) 1.40	Pierce	((1.57)) 1.53
Cowlitz	((1.21)) 1.20	San Juan	((0.83)) 0.84
Douglas	((1.33)) 1.43	Skagit	((1.28)) 1.27
Ferry	((1.14)) 1.12	Skamania	((1.06)) 1.05
Franklin	((1.59)) 1.53	Snohomish	((1.40)) 1.39
Garfield	((1.62)) 1.60	Spokane	((1.45)) 1.48
Grant	((1.48)) 1.44	Stevens	((1.10)) 1.16
Grays Harbor	((1.29)) 1.30	Thurston	((1.55)) 1.53
Island	((1.01)) 1.02	Wahkiakum	((1.02)) 1.03
Jefferson	((1.24)) 1.22	Walla Walla	((1.49)) 1.46
King	((1.27)) 1.19	Whatcom	((1.31)) 1.30
Kitsap	((1.47)) 1.32	Whitman	((1.44)) 1.47
Kittitas	((1.08)) 1.07	Yakima	1.33
Klickitat	((1.13)) 1.18

[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.]

Washington State Code Reviser's Office