WAC 458-15-070. Disqualification or removal

When property has been granted special valuation as historic property, the special valuation shall continue until the property is disqualified or removed by the assessor upon: (1) Expiration of the ten-year special valuation period; (2) Notice by the owner to remove the special valuation; (3) Sale or transfer to an ownership making it exempt from taxation; (4) Sale or transfer of the property through the exercise of the power of eminent domain; (5) Sale or transfer to a new owner; and (a) The property no longer qualifies as historic property; or (b) The new owner does not sign the notice of compliance contained on the real estate excise tax affidavit; (6) Determination by the board that the property no longer qualifies as historic property; or (7) Determination by the board and notice to the assessor that the owner has failed to comply with the conditions established under RCW 84.26.050 , chapter 254-20 WAC or the agreement.