[WSBARP] RCW 84.34.070 - Conversion from Farmland by a Non-Profit Org - Compensating Tax - Withdrawal from classification

Rob Rowley rob at rowleylegal.com
Thu Aug 10 15:42:55 PDT 2017


Assume 10 acre parcel which has always been farmland (wheat) is about to be
sold to an adjoining nonprofit organization who currently qualifies for
reduced property taxes.  Purchasing nonprofit organization wants to avoid
the over $20,000 in compensating tax recapture which will be due when
converted from farmland to a new usage by the nonprofit organization.



In speaking to the clerk in the assessor's office who specializes in open
space she indicates there is no mechanism for this sale to be exempt from
recapture.  After the sale the nonprofit can apply for a reduction in
future property taxes with the Department of Revenue. I’m familiar with
this process.



Your thoughts?





*Robert R. Rowley* | Attorney at Law

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