Washington Code 79.11.320 – Assessments added to purchase price
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(1) When any public land of the state is offered for sale and the state has paid assessments for local improvements, or benefits, to any municipal corporation authorized by law to assess the same, the amount of the assessments paid by the state shall be added to the appraised value of such land.
Terms Used In Washington Code 79.11.320
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deed: The legal instrument used to transfer title in real property from one person to another.
(2) The amount of assessments paid by the state shall be paid by the purchaser in addition to the amount due the state for the land.
(3) In case of sale by contract under RCW 79.11.220 the purchaser may pay the assessments in equal annual installments at the same time, and with the same rate of interest upon deferred payments, as the installments of the purchase price for the land are paid.
(4) No deed shall be executed until such assessments have been paid.
[ 2003 c 334 § 430; 1927 c 255 § 192; RRS § 7797-192. Prior: 1925 ex.s. c 180 § 1; 1909 c 154 § 7; 1907 c 73 § 3; 1905 c 144 § 5. Formerly RCW 79.01.728, 79.44.110.]
NOTES:
Intent—2003 c 334: See note following RCW 79.02.010.
Assessments paid by state to be added to purchase price of land: RCW 79.44.095.