Senate Bill 1170 Summary

• Amends Section 63-802, Idaho Code to revise taxing district budget limitation provisions related to property tax levy calculations.

• Allows taxing districts to use prior year's valuation for centrally assessed operating property instead of current year's valuation when calculating new levy rates.

• Specifies that fire protection districts annexing property prior to July 1, 2021 may multiply the new levy rate by 100% of annexed property value, while other annexations are multiplied by 75%.

• Requires cities to subtract from budget limitations an amount equal to fire protection service costs previously provided when a fire protection district annexes an area within city limits pursuant to Section 31-1429, Idaho Code.

• Maintains existing provisions allowing taxing districts to recover forgone budget increases through voter approval and resolution procedures, with total increases capped at 4% without voter approval.