Print Friendly HOUSE BILL NO. 420 – Property tax/ratio study/moratorium
HOUSE BILL NO. 420
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H0420...............................................by REVENUE AND TAXATION
PROPERTY TAX - Adds to existing law to provide a moratorium on the ratio
study to be performed by the State Tax Commission on taxes imposed on
property shown on the 2006 tax roll only.
01/19 House intro - 1st rdg - to printing
01/20 Rpt prt - to Rev/Tax
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-eighth Legislature Second Regular Session - 2006
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 420
BY REVENUE AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO THE ANNUAL RATIO STUDY ON PROPERTY TAXES; PROVIDING A MORATORIUM
3 ON THE RATIO STUDY REQUIRED TO BE PERFORMED BY THE STATE TAX COMMISSION BY
4 SECTION 63-315, IDAHO CODE, ON TAXES IMPOSED ON PROPERTY SHOWN ON THE 2006
5 TAX ROLL ONLY; AND DECLARING AN EMERGENCY.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. The provisions of Section 63-315, Idaho Code, requiring the
8 State Tax Commission to annually ascertain the ratio between the market value
9 for assessment purposes of real property and the assessed valuation of real
10 property in each county and from the ratio to ascertain the adjusted value of
11 all property in each county, shall not apply to values established on the 2006
12 tax rolls only. There shall instead be a moratorium upon the ratio study for
13 2006 values only, and the provisions of Section 63-315, Idaho Code, shall be
14 inoperative except that the executive officer of the State Tax Commission
15 shall provide, on or before the first Monday of April of each year, the infor-
16 mation required to be provided to the Department of Education by the provi-
17 sions of Section 63-315, Idaho Code.
18 SECTION 2. An emergency existing therefor, which emergency is hereby
19 declared to exist, this act shall be in full force and effect on and after its
20 passage and approval.
STATEMENT OF PURPOSE
The purpose of this legislation is to put a moratorium on the
ratio study for 2006 values. The net effect is that property
taxes will not increase for one year.
No fiscal impact to the General Fund.
Name: Rep. Dolores Crow
Rep. Jim Clark
Rep. Mike Moyle
STATEMENT OF PURPOSE/FISCAL NOTE H 420