Major Property Tax Relief Legislation on Tap for Introduction After weeks of speculation and the cancelation of multiple introductory hearings, major property tax relief legislation is set to be unveiled later this week. While an introductory hearing has yet to be set, legislators are tying up loose ends in preparation of making the bill public. …
Continue reading “From the Executive Director: Week of February 28”
Major Property Tax Relief Package on Tap The House Revenue and Taxation Committee is poised to introduce a property tax relief package that will alter how local governments are funded. Under the framework, anyone who owns a residential property and receives the homestead exemption would be exempt from paying nonexempt property taxes to counties, cities, …
Continue reading “From the Executive Director: Week of February 21”
Special IAC Member Meeting on Property Tax Replacement Proposal this Week Leaders in the House and Senate are focusing in on a proposal to increase the state sales tax to 7.95%, dedicating the increase to expand the grocery tax credit and provide property tax relief for owner-occupied homes. Under the proposal, anyone receiving the homestead …
As we enter the sixth week of the 2022 Legislative Session, the number of introduced bills has increased significantly. In spite of these increases, very few bills have advanced having an impact on counties. The chart below is a good comparison of recent bill introduction history through the first five weeks of the legislative session. …
Continue reading “From the Executive Director: Week of February 14”
Thanks to everyone who attended our IAC Midwinter Legislative Conference last week. We had great dialogue with Governor Little and legislators. It’s an annual highlight for me and I’m sure you all feel the same. At the conference, we spent considerable time in IAC committees and general sessions immersed in conversations about two important issues: …
Continue reading “From the Executive Director: Week of February 7”
Welcome to Boise for the annual IAC Midwinter Legislative Conference. I’m excited to see everyone as we roll up our sleeves and work with the Legislature on issues important to counties. As you meet with your legislators, I want to make sure you are up to speed with where things stand with ongoing discussions on …
Continue reading “From the Executive Director: Week of January 31”
Proposed Changes to Circuit Breaker Eligibility Last year, House Bill 389 changed the Property Tax Relief (PTR) eligibility requirements by adding restrictions that disallow residents from qualifying if their homes are valued over 125% of the median residential property value of the county. With this change, many previous qualifiers are no longer eligible. House Bill …
The Idaho Association of County Assessors (IACA), Idaho Association of Counties (IAC) and Associated Taxpayers of Idaho (ATI) came together to co-host and sponsor an educational event on property taxes to kick off the legislative session in downtown Boise. Several legislators, county and city officials and business and industry folks participated in the event both …
Continue reading “Educational Property Tax Symposium Brings National Experts to Boise”
Governor Brad Little proposes big investments in transportation and education alongside tax cuts. The proposed budget would pay off state building debt and bolster rainy-day funds by adding more than $1 billion to the bank. It would also aim to spend $1.1 billion over the next five years on Idaho education. The Governor also proposed …
Property tax continues to be a hot button issue across the state. The IAC Legislative Committee recognizes there are only two ways to provide property tax relief to homeowners: First, expand property tax exemptions for homeowners which results in a property tax shift to businesses and farms. Second, provide other non-property tax revenue sources in …