Olympia news round-up
What’s going on in the state legislature this session
Preserving farmlands could mean more taxes
By Rebecca Gourley, WNPA News Service
A proposed change to a law aimed at preserving farmland and open space could result in higher taxes for some Washington property owners.
House Bill 2306 would expand a tax classification on land actively used for agriculture, timber production or undeveloped open space. While property tax is generally assessed on the market value of a parcel, the state’s Open Space Taxation Act allows land to be taxed at a lower rate based on its current use, such as farming.
Under the current law, if a farming operation is 20 acres or more, the parcels must be contiguous in order to be eligible for the lower tax classi...
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