Gov. Pete Ricketts says property tax relief will remain a top legislative priority of his when the Unicameral reconvenes next month.
While property tax relief is a priority, what form it might take isn’t certain.
“We’re not prepared at this time to talk about those specific ideas, but what I hope to do is we can develop some consensus around those, again, with the idea of getting them out of committee and onto the floor for full debate,” Ricketts tells reporters at a news conference.
The Unicameral frustrated Ricketts last session by rejecting his call to reduce the percentage at which farmland is taxed from the current 75% of market value to 65%. Lawmakers did approve his call to add $120 million dollars to the Property Tax Credit Relief Fund over the next two years, bringing its total to $408 million in the state budget.
Since local government set the property tax rates, another increase in the relief fund might be the most viable option for the governor.
“Certainly, I think there are a lot of ideas out there on the table and I wouldn’t rule out being able to increase the Property Tax Credit Refund as one of those ways,” Ricketts says.
AUDIO: Brent Martin reports [:50]