// Special Valuation or Deferral
Forest land compensating tax
Property Tax special valuation or deferral · RCW 84.33.140(13,14) · enacted 1971
Details
- Citation
- RCW 84.33.140(13,14)
- Study reference
- E1351-1
- Tax type
- Property Tax
- Preference type
- Special Valuation or Deferral
- Category
- Nonprofit
- Year enacted
- 1971
- End date
- None scheduled
Fiscal impact (2024 study estimates)
- Revenue if repealed — local ($M)
- FY 2024: 0 · FY 2025: 0.324 · FY 2026: 0.735 · FY 2027: 0.782
- Revenue if repealed — state ($M)
- FY 2024: 0 · FY 2025: 0.127 · FY 2026: 0.287 · FY 2027: 0.306
- Taxpayer savings — local ($M)
- FY 2024: 0.648 · FY 2025: 0.68 · FY 2026: 0.735 · FY 2027: 0.782
- Taxpayer savings — state ($M)
- FY 2024: 0.254 · FY 2025: 0.266 · FY 2026: 0.287 · FY 2027: 0.306
CTI = confidential taxpayer information · D = unable to disclose
From the 2024 DOR Tax Exemption Study
Home Forms & Publications Publications By Subject Special Notices 2009 Legislative Updates - Current Use Program And Designated Forest Land Print 2009 Legislative Updates - Current Use Program and Designated Forest Land Issue Date July 23, 2009 The following bills are effective beginning July 26, 2009: ESSHB 1208 – RCW 84.34.037 and RCW 84.34.041 – Public Hearing Procedures Although this bill affects several aspects of property tax administration, only the impact on the Current Use Program is discussed in this Property Tax Special Notice. Q: What are the effects of ESSHB 1208? A: This bill allows the county legislative authority and the city legislative authority to participate in a public hearing through teleconference or by meeting separately during the approval process of an application for classification for open space land or timber land located in an incorporated area. If each legislative body meets separately, both bodies must confirm that they have approved the application in its entirety. Q: What if one of the legislative bodies modifies the application? A: Both legislative bodies must approve the entire application without modification or they must approve the application
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This is reference data from the 2024 study — not advice, and 2025–26 legislation may have changed it. Three ways to go deeper: