# WAC 458-50-060: WAC 458-50-060. Failure to make report — Default valuation — Penalty — Estoppel > Washington · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_060 ## Section - **Citation:** WAC 458-50-060 - **Heading:** WAC 458-50-060. Failure to make report — Default valuation — Penalty — Estoppel - **Jurisdiction:** Washington - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Washington Administrative Code / Title 458 / Chapter 458-50 / Section 458-50-060 ## Text (1) If any company fails to materially comply with the provisions of RCW 84.12.230 and WAC 458-50-020 , the department will add to the assessed value a penalty of five percent for every thirty days or fraction thereof, not to exceed ten percent, that the company fails to comply. (2) If any company, or any of its officers or agents refuses or neglects to make any report required by law or by the department, or refuses to permit an inspection and examination of its records, books, accounts, papers or property requested by the department, or refuses or neglects to appear before the department in obedience to a subpoena, the department will proceed, in such manner as it deems best, to obtain facts and information upon which to base its valuation, assessment, allocation, and apportionment of such company. (3) Willful failure to file with the department any report required by the department within the time fixed by law, including any extension granted by the department, constitutes refusal or neglect to make a report, and the department may proceed in accordance with subsection (2) of this rule to value, assess, allocate, and apportion the property of such company as if no report had been made. (4) When the department has ascertained the assessed value of the property of such company in accordance with subsection (2) or (3) of this rule, it must add to the assessed value so ascertained twenty-five percent as a penalty. Such penalty will be in lieu of the penalty provided for in subsection (1) of this rule. (5) Where the department has proceeded in accordance with subsection (2) or (3) of this rule, such company is estopped to question or impeach the valuation, assessment, allocation, or apportionment made by the department in any administrative or judicial proceeding thereafter. (6) The department will waive or cancel the penalty imposed under subsection (1) of this rule for good cause shown. rule. (5) Where the department has proceeded in accordance with subsection (2) or (3) of this rule, such company is estopped to question or impeach the valuation, assessment, allocation, or apportionment made by the department in any administrative or judicial proceeding thereafter. (6) The department will waive or cancel the penalty imposed under subsection (1) of this rule for good cause shown. (7) The department will waive or cancel the penalty imposed under subsection (1) of this rule when the circumstances under which the failure to materially comply with the provisions of RCW 84.12.230 do not qualify for waiver or cancellation under subsection (5) of this rule if: (a) The company fully complies with the reporting provisions of RCW 84.12.230 within thirty days of the due date or any extension granted by the department; and (b) The company has timely complied with the provisions of RCW 84.12.230 for the previous two calendar years. The requirement that a company has timely complied with the provisions of RCW 84.12.230 for the previous two calendar years is waived for any calendar year in which the company was not required to comply with the provisions of RCW 84.12.230 . ## Nearby sections - [WAC 458-50-020 WAC 458-50-020. Annual reports — Duty to file](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_020.md) - [WAC 458-50-030 WAC 458-50-030. Annual reports — Contents](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_030.md) - [WAC 458-50-040 WAC 458-50-040. Annual reports—Time of filing—Extension of time](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_040.md) - [WAC 458-50-060 WAC 458-50-060. Failure to make report — Default valuation — Penalty — Estoppel](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_060.md) - [WAC 458-50-070 WAC 458-50-070. Annual assessment—Procedure](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_070.md) - [WAC 458-50-080 WAC 458-50-080. True cash value—Criteria](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_080.md) - [WAC 458-50-085 WAC 458-50-085. Computer software—Definitions—Valuation—Centrally assessed utilities](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_085.md) - [WAC 458-50-090 WAC 458-50-090. Methods of valuation](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_090.md) - [WAC 458-50-100 WAC 458-50-100. Apportionment of operating property to the various counties and taxing districts](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_100.md) - [WAC 458-50-110 WAC 458-50-110. Apportionment reports](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_110.md) - [WAC 458-50-120 WAC 458-50-120. Notification of real estate transfers](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_120.md) - [WAC 458-50-130 WAC 458-50-130. Taxing district boundary changes — Estoppel](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_130.md) - [WAC 458-50-150 WAC 458-50-150. Intangible personal property exemption—Introduction](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_150.md) - [WAC 458-50-160 WAC 458-50-160. Exempt intangible property distinguished from other intangibles](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_160.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_458_50_060. Check the current official text before relying on it. Not legal advice.