CBS2 reports Ada County residents have not seen a property tax cut since the 1980s.
But as Ada County commissioners begin their budgeting process, there’s a chance that could change.
Ada County Clerk Phil McGrane, who is also the county’s chief financial officer, says he’s recommending $8 million in property tax relief for the county’s fiscal year 2022 budget.
“I think one of the things we hear as elected officials is the need for property tax relief, especially with the explosive rise of assessments for residential property,” McGrane said.
The county budgeted revenues conservatively last year, McGrane said, because of the expected impact of Covid-19 on the economy and fear of a downturn.
“Not only did we not see a recession, we saw the exact opposite,” McGrane said. “We saw a huge increase in sales tax revenues, so did the state, and it’s presenting us with additional revenue where we can use the sales tax money to offset property tax relief.”
Commissioners will have the final say.
“It’s possible the commissioners may look at not making a cut that significant or potentially cutting more,” he said. “But the key thing is we are in a good financial position to seriously look at property tax relief this year.”
