RCW 39.114.010 Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) “Assessed value of real property” means the valuation of taxable real property as placed on the last completed assessment roll prepared pursuant to Title 84 RCW. (2) “Increment area” means the geographic area within which regular […]
RCW 39.114.020 Designation of increment areas by local governments—Project analysis—Fees may be charged to private developers—Mitigation plan with fire protection districts or regional fire protection service authorities—Reimbursement of costs—Ordinance adoption requirements. (1) A local government may designate an increment area under this chapter and use the tax allocation revenues to pay public improvement costs, subject […]
RCW 39.114.030 Public improvements. (1) Public improvements that are financed under this chapter may be undertaken and coordinated with other programs or efforts undertaken by the local government and other taxing districts and may be funded in part from revenue sources other than tax allocation revenues. (2) Public improvements that are constructed by a private […]
RCW 39.114.040 Notice. The local government designating the increment area must: (1) Publish notice in a legal newspaper of general circulation within the jurisdiction of the local government that describes the public improvements, describes the boundaries of the increment area, and identifies the location and times where the ordinance and other public information concerning the […]
RCW 39.114.050 Apportionment of taxes. Apportionment of taxes shall be as follows: (1) Commencing in the calendar year following the passage of the ordinance, the county treasurer shall distribute receipts from regular property taxes imposed on real property located in the increment area as follows: (a) Each taxing district shall receive that portion of its […]
RCW 39.114.060 General indebtedness—Security. (1) A local government designating an increment area may incur general indebtedness, and issue general obligation bonds or notes to finance the public improvements and retire the indebtedness, in whole or in part, from tax allocation revenues it receives. (2) The general indebtedness incurred under subsection (1) of this section may […]
RCW 39.114.070 Direct or collateral attacks. A direct or collateral attack on the designation of the increment area or the allocation of regular property tax revenues in conformance with applicable legal requirements, including this chapter, may not be commenced more than 30 days after adoption of the ordinance as required by RCW 39.114.020. [ 2021 […]
RCW 39.114.080 Revenue bonds—Issuance. (1) A local government may issue revenue bonds to fund revenue-generating public improvements, or portions of public improvements, that are located within an increment area and that it is authorized to provide or operate. Whenever revenue bonds are to be issued, the legislative authority of the local government shall create or […]
RCW 39.114.090 Supplemental nature of chapter. This chapter supplements and neither restricts nor limits any powers that the state or any local government might otherwise have under any laws of this state. [ 2021 c 207 § 9.]
