When it comes to rising property taxes, it is a common sense goal to ensure struggling families aren’t taxed deeper into poverty. Property taxes are regressive, meaning they fall hardest on lower-income Idahoans than others. In every community, low-income families are under most pressure. Equitable ways of shouldering the property tax load would mean consistent support for local public services – such as roads, courts, and community colleges. An existing policy tool – the state property tax reduction program, commonly known as the “circuit breaker” –could make property taxes fairer. It is a highly targeted tool that shields Idahoans who are the most affected at a time of soaring home prices and stagnating wages.
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