Timber relief

["John Danahy" <JDANAHY@turbonet.com>]

I have seen several stories in regards to a timber land property tax relief
bill making its way through the state legislature this year.  As I
understand it, the intent is to provide relief to the timber industry by
lowering the amount of property taxes the industry pays to local entities.
The state legislature accomplished this by redefining how timber land is
assessed, in essence lowering the assessed property value of the land.  By
doing so, the state legislature avoided having to spend any general fund
monies for the relief.

If here in Latah county the timber land is assessed at a lower value, then I
will end up paying more in local property tax to make up for the lower
revenues generated by the timber lands.

Does any one know how this will affect the property tax payers in Latah
County?

Perhaps Tom or Shirley have some information for us on the impact this
legislation will have on Latah County property tax payers?

Any one from the assessors office know?

John

John and Laurie Danahy
jdanahy@turbonet.com