BOISE, Idaho — Property tax is one topic of discussion heading into the legislative session on January 11. Democratic legislators are fighting change, saying they want to "restore fairness and balance to Idaho's property tax system.
Home prices are rising rapidly throughout the state, and specifically here in the Treasure Valley. Democratic leaders Sen. Grant Burgoyne, Rep. John Gannon and Rep. Lauren Necochea discussed their proposed legislation Tuesday morning during a virtual press conference.
All three say more property tax load is shifting onto residents, while other types of property owners are paying less. With multiple bills being brought to the table, their goal is to protect homeowners.
“We must pass legislation to assure that everyone pays their fair share of property taxes and only their fair share," said Sen. Burgoyne, Assistant Minority Leader. "The shift of a disproportionate amount of property tax to homeowners must be reversed.”
The legislation proposed includes restoring a balance of the taxes between commercial and residential property, a bill to catch up the property tax reduction program and a bill to revise provisions for a tax exemption for new capital investments.
As the session begins, Idaho News 6 will have more on these proposed bills and the decisions about them next week.