ID H0369

Taxing districts with budgets of $1,000,000 or more must publish newspaper notices and mail notices to all property owners 2-4 weeks before any budget hearing that would increase property tax revenues over the prior year

Required notices must show tax increases per $100,000 of taxable value for residential, commercial, industrial, agricultural, and operating property, plus the total additional revenue and percentage increase

Public hearings on proposed tax increases must be held at or after 6:00 p.m., cannot overlap with other taxing district hearings in the same county, and must allow public testimony without unreasonable restrictions

Revenue from new construction, annexation, or urban renewal district changes is excluded when calculating whether property tax revenues have increased

County auditors may audit taxing districts for compliance and county commissioners may refuse to certify increased tax rates if requirements are not met; the bill takes effect immediately as emergency legislation