Re: Timber relief

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

The numbers supplied by Phil Cook come directly from the language of the
bill now being considered by the House Revenue and Taxation committee.
Thank you Phil.
I am not surprised to find these numbers followed by the language of the
bill that says;

 1.  Based upon typical rural property tax rates exclusive of school M & O.

What exactly is "typical rural property tax rates" and how do they pertain
to Latah County?
What I would much rather see, now and in the text of the bill, is the effect
on the property taxes for
a citizen of Moscow, Troy, Bovill, Deary, Potlatch, and Genesee plus the
effect on the property taxes of a Latah County resident of the Moscow,
Whitepine, Potlatch, and Genesee school districts.  I can understand
excluding the school M&O, but what about override levies, which are
typically a fixed dollar amount?  What about building levies, pool bonds,
etc.?  Who in Latah County will benefit from this bill?

What ever happened to the idea of local control over property tax rates?

John


John and Laurie Danahy
jdanahy@turbonet.com
----- Original Message -----
From: Philip Cook <pcook@uidaho.edu>
To: <vision2020@moscow.com>
Sent: Tuesday, March 28, 2000 8:34 AM
Subject: Re: Timber relief


> Summary of Tax Shift to Non-Timberland Property Resulting from
> Timber Value Change Effect of Taxes on Property with $100,000
> Taxable Value
>
> County: Latah
> Current Tax in 1999: $1,248.70
> 1st Year Tax in 2000*: $1,260.21
> Difference: $11.51
> Current System 2005: $1280.28
> Difference from 1999: $31.58
> Proposed Tax in 2005: $1,291.42
> Difference from 1999: $42.72
> Difference 5th Year Current Law from Proposed Law: $11.14
>
> * Current or Proposed Law
> 1.  Based upon typical rural property tax rates exclusive of school M & O.
> > 2.  Assumes no growth in property tax portion of taxing district
budgets.
> 3.  Assumes no change in taxable of non-timber property.
>
> From:  http://www3.state.id.us/oasis/H0513.html
> HOUSE BILL NO. 513, As Amended in the Senate...
>
> Hope this helps.
>
> Philip Cook
>
> Date forwarded: Mon, 27 Mar 2000 19:30:01 -0800 (PST)
> From:           "John Danahy" <JDANAHY@turbonet.com>
> To:             "Vision2020" <vision2020@moscow.com>
> Subject:        Timber relief
> Date sent:      Mon, 27 Mar 2000 19:24:21 -0800
> Forwarded by:   vision2020@moscow.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
> >
>
>