Minutes –Representative Bob Story, Chairman
Roll Call
Council Charge:
The purpose of the Property Tax Reappraisal Advisory Council is
to examine the impacts of cyclical reappraisal under current law
and recommend any policy changes needed to mitigate and address the
impacts of the January 1, 2003 reappraisal.
The Property Tax Reappraisal Advisory Council will issue
findings and make recommendations to the Governor and to the 2003
Legislature.
Data Presentation - Brad Simshaw, Department of Revenue
- County Average Reappraisal and Tax Liability Change
- Statewide Chart on Average Dollar Change in Property Tax Liability
- Average dollar change for the 13% of taxpayers who have a property tax liability change greater than 25% under current law
- Average dollar change for the 6% of taxpayers who have a property tax liability change greater than 25% under the 1999 solution
- Location and statistics of properties with high property tax liability changes
- Residential reappraisal impact if a landstead is used to make the average change taxable value neutral
Explanation of the Idaho Homestead - Brad Simshaw, Department of Revenue
Council Discussion and Public Comment - Representative Bob Story, Chairman |