Ordinance 3954-23 - Laserfiche WebLink

ORDINANCE Page 16 of 17 4. If applicable, that the property has been Information demonstrating that the property has been in compliance with the affordable housing requirements of this chapter; and 5. For the affordable units, the income of each household at the time of initial occupancy and their current income; and 6. Any additional information requested regarding the units receiving a tax exemption and meeting any reporting requirements under Chapter 84.14 RCW. B. City staff shall also conduct on-site verification of the declaration The city shall maintain a verification program for declarations. Failure by the recipient of the tax exemption to submit an annual declaration, supported by accurate documentation, may result in the tax exemption being canceled. C. B. The city shall annually report by December 31st of each year to the Washington State Department of Commerce information as set forth in RCW 84.14.100(2) consistent with the requirements of Chapter 84.14 RCW. 3.78.140 110 Cancellation of tax exemption. If at any time the planning director determines the owner has not complied with the terms of the contract or with the requirements of this chapter, or that the property no longer complies with the terms of the contract or with the requirements of this chapter, or for any reason no longer qualifies for the tax exemption, the tax exemption shall be canceled and additional taxes, interest and penalties imposed pursuant to state law. This cancellation may occur in conjunction with the annual review or at any other time when noncompliance has been determined. If the owner intends to convert the multifamily housing to another use, or, if applicable, the owner intends to discontinue compliance with the affordable housing requirements as required in this chapter, or any other condition to exemption, the owner must notify the planning director and the Snohomish County assessor within sixty days of the change in use or intended discontinuance. Upon such change in use or discontinuance, the tax exemption shall be canceled, and additional taxes, interest and penalties imposed pursuant to applicable state law. A. Effect of Cancellation. If a tax exemption is canceled due to a change in use or other noncompliance, the planning director shall notify the Snohomish County assessor of the cancelation within thirty days after the notification of the property owner or qualified non-profit organization, or upon an unsuccessful appeal under subsection B. 1. The Snohomish County assessor shall comply with applicable state law to impose additional taxes, interest and penalties on the property, and a priority lien may be placed on the land, pursuant to state law and RCW 84.14.110(1)(a), (b) and (c);. 2. The Snohomish County assessor must correct assessment and tax rolls in the manner provided for omitted property under RCW 84.40.080. The value of the new housing construction, conversion and rehabilitation improvements added to the rolls is considered as new construction for the purposes of chapter 84.55 RCW. The owner may appeal the valuation to the Snohomish County Board of Equalization under Chapter 84.48 and RCW 84.40.038. B. Notice and Appeal. Upon determining that a tax exemption is to be canceled, the planning director shall notify the property owner, or qualified non-profit organization if applicable, by certified mail, return receipt requested. The property owner, or qualified non-profit organization if applicable, may