✔️ HB89
Authorize temporary property tax reduction
Summary
The bill authorizes a temporary property tax reduction for eligible properties owned continuously from 2022 to 2024, reducing taxes for tax year 2024 based on the difference from 2022 taxes. For manufactured homes, the reduction applies for tax year 2025 based on the difference from 2023 taxes. The county auditor is required to certify the reduction amount to the county treasurer within fifteen days of the bill's effective date, with no application required for the reduction.
Rationale
The bill introduces a temporary property tax reduction, which aligns with the LPO's support for reducing taxes, but may conflict with the LP's emphasis on minimal government intervention in property rights and taxation. The LPO score reflects a more favorable view of tax reductions, while the LP score indicates mixed support due to potential government involvement in property taxation.
Risks and Concerns
- Potential for increased government control over property taxation processes.
- May set a precedent for future government intervention in property rights.