Washington Law Review
State Taxation—Privately Held Leaseholds in Publicly Owned Land—Ch. 187,  Wash. Laws 1st Ex. Sess.
In April 1973 the Washington State Legislature enacted the Leasehold Exemption Act, providing special tax treatment for certain leasehold interests in publicly owned, tax-exempt land. This measure was a response to the 1970 Washington Supreme Court decision which held that, in valuing these leasehold interests for ad valorem property tax purposes, the same standards of assessment were to be utilized as were used for valuing taxable property in general. The Legislature chose to apply the court's 1970 decision prospectively only. In so doing, it has placed serious strains on the assessment process. This note will discuss these administrative problems, as well as constitutional and equitable concerns raised by the Act.
State Taxation—Privately Held Leaseholds in Publicly Owned Land—Ch. 187,  Wash. Laws 1st Ex. Sess.,
49 Wash. L. Rev.
Available at: https://digitalcommons.law.uw.edu/wlr/vol49/iss3/5