Rev & Tax says ‘no’ to caps on assessed value
Among the 14 property tax reform bills that just went down to defeat in Rev & Tax were HB 503, by Rep. George Eskridge, R-Dover, and HB 455, by Rep. Bill Deal, R-Nampa. Eskridge’s bill, which had seven co-sponsors, would have capped increases in annual tax values for homeowners at 3 percent. Deal’s bill, which had six co-sponsors including Eskridge and House Speaker Bruce Newcomb, would have capped increases in values for all types of property at 5 percent a year.
House Majority Leader Lawerence Denney, R-Midvale, said of Deal’s bill, “While it’s a good idea, I don’t think it’s quite the right idea.” House Assistant Majority Leader Mike Moyle, R-Star, called Eskridge’s bill “a good concept” but said if it doesn’t also limit local government spending, he wouldn’t support it.
