Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Thursday, October 17, 2019  Spokane, Washington  Est. May 19, 1883
Partly Cloudy Day 52° Partly Cloudy

Huckleberries Online

Realtors Eye Property Tax Exemption

The Idaho Realtors Association proposed legislation today to remove the indexing of the homeowners exemption from property taxes to the Idaho Housing Price Index, instead setting it at a fixed $90,000 at the high end. John Eaton, lobbyist for the Realtors, said his bill is backed by the Idaho Farm Bureau. He noted that after the Legislature raised the exemption to $75,000 in 2005 and tied it to the index, the exemption rose to a maximum of $104,471 in 20909, but then fell to about $81,000 in 2013; it’s now just under $84,000. “We think it’s good policy to set it at $90,000,” Eaton said, rather than have the ups and downs. He said the downs, in particular, “wasn’t really fair to the rural folks,” whose areas saw less increase in home values during boom times. “I think it would be easier across the board for everybody if we just had one flat number”/Betsy Russell, Eye on Boise. More here.

Question: What do you think of this attempt to tinker with the homeowners exemption?

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Huckleberries Online

D.F. Oliveria
D.F. (Dave) Oliveria joined The Spokesman-Review in 1984. He currently is a columnist and compiles the Huckleberries Online blog and writes about North Idaho in his Huckleberries column.

Follow Dave online: