Washington § 35.53.010 - Property to be held in trust — Taxability.

Full text of Washington Revised Code of Washington § 35.53.010 — Property to be held in trust — Taxability., with citation guidance and answers to common questions.

§ 35.53.010. Property to be held in trust — Taxability.

Property bid in by the city or town or struck off to it pursuant to proceedings for the foreclosure of local improvement assessment liens shall be held in trust by the city or town for the fund of the improvement district or the revenue bond fund into which assessments in utility local improvement districts are pledged to be paid for the benefit of which the property was sold. Any property so held in trust shall be exempt from taxation for general state, county and municipal purposes during the period that it is so held.
[ 1967 c 52 s 20; 1965 c 7 s 35.53.010. Prior: 1933 c 107 s 1, part; 1927 c 275 s 3, part; 1911 c 98 s 31, part; RRS s 9383, part.]

Notes

Construction—Severability—1967 c 52: See notes following RCW 35.43.042.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 35.53.010

What does Revised Code of Washington § 35.53.010 cover?

Section 35.53.010 ("Property to be held in trust — Taxability.") 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 § 35.53.010?

A common citation format is "Revised Code of Washington § 35.53.010" (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 § 35.53.010 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.