Full text of Washington Revised Code of Washington § 35.108.060 — Property tax exemption — Land bank authority inventory., with citation guidance and answers to common questions.
§ 35.108.060. Property tax exemption — Land bank authority inventory.
(1) All real and personal property owned by a nonprofit entity operating a land bank authority under RCW
35.108.030 is exempt from property taxation.
(2) To qualify for this exemption, the nonprofit entity must be exempt from taxation under 26 U.S.C. Sec. 501(c)(3) of the internal revenue code of 1986, as amended.
Notes
Tax preference performance statement—2026 c 233 ss 7, 8, and 9: "(1) This section is the tax preference performance statement for the tax preferences in sections 7 through 9 of this act. This performance statement is only intended to be used for subsequent evaluation of the tax preferences. It is not intended to create a private right of action by any party or be used to determine eligibility for preferential tax treatment.
(2) The legislature categorizes this tax preference as one intended to induce certain designated behavior by taxpayers, as indicated in RCW
82.32.808(2)(a).
(3) It is the legislature's specific public policy objective to:
(a) Encourage sales or transfers of real property to land bank authorities that intend the property to be used for affordable housing; and
(b) Reduce the cost of land for housing development by allowing land bank authorities to own land or property without being subject to state or local property tax.
(4) If a review finds that the tax preferences in sections 7 through 9 of this act have not reduced the cost of land for housing development, then the legislature intends to consider repealing the tax preferences.
(5) In order to obtain the data necessary to perform the review in subsection (4) of this section, the joint legislative audit and review committee may refer to any available data source, including county records identifying the assessed value, sales value, and number of housing units developed for any property acquired or transferred by a land bank authority." [
2026 c 233 s 10.]
Automatic expiration date exemption—2026 c 233 ss 7, 8, and 9: "The provisions of RCW
82.32.805 do not apply to sections 7 through 9 of this act." [
2026 c 233 s 11.]
Source: official Washington text · Last verified 2026-08-27
Frequently Asked Questions About Washington § 35.108.060
What does Revised Code of Washington § 35.108.060 cover?
Section 35.108.060 ("Property tax exemption — Land bank authority inventory.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Washington § 35.108.060?
A common citation format is "Revised Code of Washington § 35.108.060" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Washington law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.
How does Washington § 35.108.060 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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