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House Bill 283

House Bill 283

Phil Haunschild
March 15, 2017

Bill Description: This bill keeps local governments from double-dipping on new construction.

Rating: +1

Analyst’s note: Under Idaho law, the amount a local taxing district can increase its property tax collections in aggregate is limited to 3 percent, except for new construction and annexation. If, for example, a new building is built in a taxing district, but is owned by an entity exempt from taxation the building may be added to the new construction roll. The taxing district gets to benefit from the market value of the new building, even though it is excluded from taxation.

Does it directly or indirectly create or increase any taxes, fees, or other assessments?

Exempting property from taxation always has an impact on other taxpayers because a new building requires government services like police and fire protection. This bill does not address the tax impact. The bill addresses property which is exempted from property tax collection limits, and in doing so forces a recalculation of the new construction roll that reflects exempt amounts. Passing this bill would lower the aggregate amount of property taxes collected from taxpayers. (+1)

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