Real property, previously exempt from taxation, shall be assessed and taxed as provided in RCW 84.40.350 through 84.40.390 when transferred to private ownership by any exempt organization including the United States of America, the state or any political subdivision thereof by sale or exchange or by a contract under conditions provided for in RCW 84.40.230 or when the property otherwise loses its exempt status.
RCW 84.40.350
Assessment and taxation of property losing exempt status.
Applied in 1 court decision — leading case 109 Wash. 2d 363 - Weyerhaeuser Company v. Cowlitz County (1987)
Most recently applied in 109 Wash. 2d 363 - Weyerhaeuser Company v. Cowlitz County (November 1987)
1984 c 220 s 13; 1971 ex.s. c 44 s 2.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.