Timber Traders, Inc. v. Johnston

The Court of Appeals, Division Two, reversed a summary judgment permanently enjoining the assessment and collection of certain ad valorem property taxes on standing timber. (Timber Traders, Inc. v. Johnston, 13 Wn. App. 607, 536 P.2d 655 (1975).) We granted the taxpayer’s petition for review which asked the court to reconsider its decision in Star Iron & Steel Co. v. Pierce County, 81 Wn.2d 680, 504 P.2d 770 (1972), insofar as it approved and adopted the holding of the Court of Appeals, Division Two, that under RCW 84.40.020, the exempt status of personal property must be determined as of the…