Fw: Timber relief

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

I received this from Tom Trail this morning.
John
John and Laurie Danahy
jdanahy@turbonet.com
----- Original Message -----
From: Tom Trail <ttrail@house.state.id.us>
To: John Danahy <JDANAHY@turbonet.com>
Sent: Tuesday, March 28, 2000 6:26 AM
Subject: Re: Timber relief


> John--the timber land property tax relief bill has passed both the house
and
> senate and will come back to the house for a final vote on an
> amendment.  It will pass.  I'm opposed to the bill.   Property
> taxpayers will have to pay the difference.  Sen. Schroeder and
> Sen. McLaughlin have a bill before the Senate that would require
> the State through the General Fund to pay the difference and
> in essence level playing field.   I will certain support this legislation
> if the bill makes it out of the Senate.  Somone's gain is someone's
> loss and if we don't get relief it will be our local property tax
> payers taking it in the shin again.
>
> Tom
>
> John Danahy wrote:
>
> > 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
>