# RCW 84.26.070: RCW 84.26.070: Valuation

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S070

## Section

- **Citation:** RCW 84.26.070
- **Heading:** RCW 84.26.070: Valuation
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 84 / Chapter 26 / Section 070

## Text

(1) The county assessor shall, for ten consecutive assessment years following the calendar year in which application is made, place a special valuation on property classified as eligible historic property. (2) The entitlement of property to the special valuation provisions of this section shall be determined as of January 1. If property becomes disqualified for the special valuation for any reason, the property shall receive the special valuation for that part of any year during which it remained qualified or the owner was acting in the good faith belief that the property was qualified. (3) At the conclusion of special valuation, the cost shall be considered as new construction. (4)(a) A property is eligible for two seven-year extensions of the special valuation if: (i) The property is located in a county that is listed as a distressed area as reported by the state employment security department and the city is under twenty thousand in population; and (ii) The property continues to meet the criteria provided in RCW 84.26.030 . (b) Extensions must be applied for by the owner, upon forms prescribed by the department of revenue and supplied by the county assessor, at least ninety days prior to the expiration of the special valuation. (c) All extensions must be reviewed by the local review board and may be approved or denied at the local review board's discretion. (d) No extension may be provided under this subsection on or after January 1, 2057.

## Nearby sections

- [RCW 84.26.010 RCW 84.26.010: Legislative findings.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S010.md)
- [RCW 84.26.020 RCW 84.26.020: Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S020.md)
- [RCW 84.26.030 RCW 84.26.030: Special valuation criteria.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S030.md)
- [RCW 84.26.040 RCW 84.26.040: Application—Fees.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S040.md)
- [RCW 84.26.050 RCW 84.26.050: Referral of application to local review board—Agreement—Approval or denial.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S050.md)
- [RCW 84.26.060 RCW 84.26.060: Notice to assessor of approval—Certification and filing—Notation of special valuation.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S060.md)
- [RCW 84.26.070 RCW 84.26.070: Valuation.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S070.md)
- [RCW 84.26.080 RCW 84.26.080: Duration of special valuation—Notice of disqualification.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S080.md)
- [RCW 84.26.090 RCW 84.26.090: Disqualification for valuation—Additional tax—Lien—Exceptions from additional tax.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S090.md)
- [RCW 84.26.100 RCW 84.26.100: Payment of additional tax—Distribution.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S100.md)
- [RCW 84.26.110 RCW 84.26.110: Special valuation—Request for assistance from state historic preservation officer authorized.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S110.md)
- [RCW 84.26.120 RCW 84.26.120: Rules.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S120.md)
- [RCW 84.26.130 RCW 84.26.130: Appeals from decisions on applications.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S130.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T84_C26_S070. Check the current official text before relying on it. Not legal advice.