WAC 458-15-050. Qualifications

Four criteria must be met for special valuation under this act. The property must: (1) Be an historic property; (2) Fall within a class of historic property determined eligible for special valuation by the local legislative authority under an ordinance or administrative rule; (3) Be rehabilitated at a cost which meets the definition set forth in RCW 84.26.020 (2) within twenty-four months prior to the application for special valuation; and (4) Be protected by an agreement between the owner and the board as described in RCW 84.26.050 (2).