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Continuing The Public Dialogue On Idaho'S Tax Policy: Can County Governments In Idaho 'Grow Out' Of Property Tax Reductions Resulting From The 1994 One-Percent Initiative? Item Info

If the Idaho One-percent Initiative (1994 version) had been in effect in 1993, county, school, city, highway, and other tax districts would have lost $204 million in property tax revenue according to the Idaho State Tax Commission. County government alone would have lost $68 million in property tax revenue, a third of the $204 million reduction. In 1992, supporters of the One-percent Initiative maintained that the Tax Commission estimates over-states the property tax reduction because proponents believed the tax base would grow faster than the local government expenditures. As a result, property tax rates would be lower, so the One-percent restrictions would be less revenue reducing in two years time, the earliest the initiative could take effect. Beyond this, the proponents of the One-percent Initiative argued, as long as the growth in the tax base is greater than the growth in expenditures, then local government would .. grow out .. of any reduction in property tax revenues given enough time. By opponents of the One-percent Initiative, the reverse argument was made.

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Title:
Continuing The Public Dialogue On Idaho'S Tax Policy: Can County Governments In Idaho 'Grow Out' Of Property Tax Reductions Resulting From The 1994 One-Percent Initiative?
Creator:
Patton, David; Weatherby, James; Zelus, Paul; Cooke, Stephen; Meyer, Neil
Date Created (ISO Standard):
1994-01-11
Description:
If the Idaho One-percent Initiative (1994 version) had been in effect in 1993, county, school, city, highway, and other tax districts would have lost $204 million in property tax revenue according to the Idaho State Tax Commission. County government alone would have lost $68 million in property tax revenue, a third of the $204 million reduction. In 1992, supporters of the One-percent Initiative maintained that the Tax Commission estimates over-states the property tax reduction because proponents believed the tax base would grow faster than the local government expenditures. As a result, property tax rates would be lower, so the One-percent restrictions would be less revenue reducing in two years time, the earliest the initiative could take effect. Beyond this, the proponents of the One-percent Initiative argued, as long as the growth in the tax base is greater than the growth in expenditures, then local government would .. grow out .. of any reduction in property tax revenues given enough time. By opponents of the One-percent Initiative, the reverse argument was made.
Subjects:
tax fiscal land management Agricultural policy
AgEcon Search Subjects:
Public Economics Land Economics/Use Agricultural and Food Policy
Series:
Agricultural Economic Research Series
Source Identifier:
aers94-01
Type:
text
Format:
application/pdf
Contributing Departments:
The Idaho Universities Policy Research Group

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Source
Preferred Citation:
"Continuing The Public Dialogue On Idaho'S Tax Policy: Can County Governments In Idaho 'Grow Out' Of Property Tax Reductions Resulting From The 1994 One-Percent Initiative?", Agricultural Economics Research Series, University of Idaho Library Digital Collections, https://www.lib.uidaho.edu/digital/aers/items/aers206.html
Rights
Rights:
In Copyright – Educational Use Permitted. Digital reproduction rights assigned to University of Idaho Library by donor/contributing institution/source (as applicable). For more information, please contact University of Idaho Library Special Collections and Archives Department at libspec@uidaho.edu.
Standardized Rights:
http://rightsstatements.org/vocab/InC-EDU/1.0/
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