Chapter 4.18
PROPERTY TAX EXEMPTION FOR NEW CONSTRUCTION OF INDUSTRIAL/MANUFACTURING FACILITIES

Sections:

4.18.010    Purpose.

4.18.020    Definitions.

4.18.030    Creation of Exemption.

4.18.040    Duration of Exemption.

4.18.050    Effective Date.

4.18.060    Application Fees.

4.18.010 Purpose.

As provided in chapter 84.25 RCW, the purpose of this chapter is to provide a limited exemption from ad valorem property taxation for new construction of industrial/manufacturing facilities when such facilities meet the specific requirements delineated in chapter 84.25 RCW.

(Added by Amended Ord. 16-011, Mar. 23, 2016, Eff date Mar. 30, 2016).

4.18.020 Definitions.

The definitions contained in RCW 84.25.030 shall apply to all terms used in this chapter.

(Added by Amended Ord. 16-011, Mar. 23, 2016, Eff date Mar. 30, 2016).

4.18.030 Creation of Exemption.

Pursuant to RCW 84.25.040, there is hereby created a limited exemption from ad valorem property taxation for new construction of industrial/manufacturing facilities when the city where such facility is located files with the county assessor a certificate of tax exemption as provided in RCW 84.25.110. This limited exemption from ad valorem property taxation does not include the value of land or nonindustrial/manufacturing-related improvements not qualifying under chapter 84.25 RCW. This limited exemption from ad valorem property taxation does not include state levies or increases in assessed valuation made by the county assessor on nonqualifying portions of buildings and value of land nor to increases made by lawful order of the county board of equalization, the department of revenue, or the county, to a class of property throughout the county or specific area of the county to achieve the uniformity of assessment or appraisal required by law.

(Added by Amended Ord. 16-011, Mar. 23, 2016, Eff date Mar. 30, 2016).

4.18.040 Duration of Exemption.

The value of new construction of industrial/manufacturing facilities qualifying under this chapter will be exempt from ad valorem property taxation for 10 successive years beginning January 1st of the year immediately following the calendar year of issuance of the certificate of exemption or until such time as the exemption expires under RCW 84.25.040 or is canceled by the owner or city under RCW 84.25.130, whichever occurs sooner.

(Added by Amended Ord. 16-011, Mar. 23, 2016, Eff date Mar. 30, 2016).

4.18.050 Effective Date.

This chapter shall take effect 10 days after the ordinance codified in this chapter is signed by the county executive or otherwise enacted, as provided by Section 2.110 of the Charter.

(Added by Amended Ord. 16-011, Mar. 23, 2016, Eff date Mar. 30, 2016).

4.18.060 Application Fees.

The governing authority of a city where the new construction of the industrial/manufacturing facility is located shall collect an application fee to compensate the county assessor for the actual cost incurred by the county assessor in administering chapter 84.25 RCW. Such fee shall be in addition to any application fee collected by the governing authority. The application fee will be paid to the city at the time the application for exemption is filed. The city shall thereafter remit the application fee to the county as provided in RCW 84.25.100.

(Added by Amended Ord. 16-011, Mar. 23, 2016, Eff date Mar. 30, 2016).