The Law Requires:

  • A list, including legal or other sufficient descriptions as prescribed by the commission, of all real property in the state of Washington, the assessed valuation of which exceeds *$12,000 in which any direct financial interest was acquired during the preceding calendar year, and a statement of the amount and nature of the financial interest and of the consideration given in exchange for that interest,
  • A list, including legal or other sufficient descriptions as prescribed by the commission, of all real property in the state of Washington, the assessed valuation of which exceeds *$12,000 in which any direct financial interest was divested during the preceding calendar year, and a statement of the amount and nature of the consideration received in exchange for that interest, and the name and address of the person furnishing the consideration, and
  • A list, including legal or other sufficient descriptions as prescribed by the commission, of all real property in the state of Washington, the assessed valuation of which exceeds *$12,000 in which a direct financial interest was held. If a description of the property has been included in a report previously filed, the property may be listed, for purposes of this subsection (1)(j), by reference to the previously filed report.

RCW 42.17A.710(1)(h) - (j).

Explanation:

It will be helpful to ask yourself these three questions:

  1. What property did I or a family member sell or otherwise divest any financial interest in (give away, lose through legal judgment, etc.) during the reporting period?
  2. What property did I or a family member buy or otherwise acquire any financial interest in (inherit, be given, acquire through a lease/purchase agreement, etc.) during the reporting period?
  3. What other property did I or a family member own, fully or partially, any financial interest in during the entire reporting period?

Only disclose property located in Washington State that had, during the reporting period, an assessed value of over $12,000.  Typically reported real estate includes homes, farms, vacation cabins, inherited property, leased property, rental property, unimproved land, and mineral rights.

When listing property, use one of the following, along with the name of the county in which the property is located:

  • Street address - do not use rural route or box numbers;
  • Assessor's parcel number;
  • Abbreviated legal description shown on property tax notices (example: the legal description for the PDC office location is "Thurston County Section 14 Township 18 Range 2W Quarter SW SW & SE SW"); or
  • Complete legal description.

Residential address exemption

For most Washington State real estate that you own, you must report an address, parcel number or legal description.  If you, your spouse or registered domestic partner, or a qualified family member served as judge, prosecutor, sheriff or certified member of the state's Address Confidentiality Program during the reporting period of your F-1 report, then you are eligible for the residential address exemption, which allows you to not report this information for your residence.  If you answer “No” to the question about whether you or a family member held such an office, then you may still apply to the PDC for a residential address exemption.  Answer “Yes” to the second question on the page if you have been granted a residential address exemption or intend to apply for one.  

Property Identification

If you, your spouse or registered domestic partner, or a qualified family member owned real estate in Washington State that had an assessed value of more than $12,000 during the reporting period of your F-1, answer “Yes” to that question and then identify

  • The owner.  If the property is jointly owned, you may check more than one box.
  • The assessed value using a range of values from the pop-up list.
  • The address, parcel number, or legal description, or indicate that you intend to use an exemption for personal residential property.

Property Ownership

You are divested of a financial interest in property if you no longer may claim full or partial legal ownership.  Generally, this happens through sales, expiration of leases, condemnation or foreclosure.

You acquire an interest in real property through cash transactions, mortgages, lease agreements, deeds of trust, options to buy or lease, real estate contracts and the like.

Indicate on the next screen whether the property that you or a relative owned during the reporting period of the F-1 report was purchased during that period or sold during that period.  If you sold the property during the period, the app will prompt you for sale amount, which you will enter by selecting a price range from the pop-up list, and the buyer’s name and address. 

If the property had a mortgage during the reporting period, the application will prompt you to report on that.  For property acquired during the reporting period, the "original mortgage amount" and the "current mortgage amount" may be the same.   In this case, "current" refers to the amount owed on the last day of the reporting period, not the day you complete the report.   NOTE: Since you're listing who extended you credit, the terms and the amount owed, you do not have to repeat this information in Debt.