Menu

Property Tax Resources

43 minutes reading time (8540 words)

Idaho Property Tax Updates

Updated june 2020

Looking at Taxable Value Increase Limits

Employees of the Idaho State Tax Commission recently published an analysis of property tax value limits.* Idaho assessors must assess property at market value as of January 1 each year. Unlike some states, there is no cap on how much the value can increase each year. According to the article, this promotes transparency because caps on value mislead taxpayers. Lower taxable values give the illusion of lower taxes. “Taxpayers have nothing to appeal (i.e., their values will not exceed market value),” so they believe they are paying less than without the cap. Caps also place a greater burden on owners of properties whose values are not keeping pace with the increases contemplated by the cap. 

In 2006, Idaho considered adopting a cap. But no property tax changes are on the horizon now. Legislative work is likely done for 2020 (despite recent efforts of some legislators, backed by armed supporters, to convene a special session). And dropping market values makes limits of less interest now. The article, however, provides a thoughtful framework for evaluating proposals for value limits in the future. 

*Alan S. Dornfest, Kathlynn Ireland, and Mark Southard, Taxable Value Increase Limits – Revisited, Journal of Property Tax Assessment & Admin. 49 (Vol. 17, Issue 1).

Michelle DeLappe & Norman J. Bruns
Foster Garvey PC
American Property Tax Counsel (APTC)

Georgia Property Tax Updates
Illinois Property Tax Updates

American Property Tax Counsel

Recent Published Property Tax Articles

When Property Tax Rates Undermine Asset Value

Rate increases to offset a shrinking property tax base will further erode commercial real estate values.

Across the country, local governments are struggling to maintain revenue amid widespread property value declines, as a result they are resorting to tax rate increases. This funding challenge increases the burden on owners of commercial...

Read more

Pennsylvania Court Reaffirms Fair Property Taxation Protection

A tax case in Allegheny County also spurs a judge to limit government's ability to initiate reassessments of individual properties.

Pennsylvania taxpayers recently scored an important victory when the Allegheny County Court of Common Pleas reasserted taxpayers' right to protection against property overassessment, while limiting taxing authorities' ability to proactively raise...

Read more

Dual Appraisal Methods Improve Opportunities to Get Fair Taxation for Seniors Housing Properties

The seniors housing sector can't seem to catch a break. Owners grappling with staffing shortages and other operational hardships lingering from the pandemic are facing new challenges related to debt and spiraling costs. High interest rates and loan maturations loom over the industry, with $19 billion in loans coming due...

Read more

Member Spotlight

Members

Forgot your password? / Forgot your username?