Friday, January 11, 2013
THE GUARDIAN has always maintained there is about a 40% difference in property taxation between Ada and Canyon Counties with Ada having the lower levy rates. Today I opened my Gmail to find the following from a Guardian reader, Greg, who researched property taxes based on square foot comparisons between Kohl's Department Store in Meridian at Ustick and Eagle Roads and Kohl's at the Treasure Valley Marketplace.
Here's the data provided by the Ada and Canyon County Assessors:
Kohl's, Nampa Value $6.8MM Value/Sq.Ft $77.29 Taxes/SqFt $1.92 Total taxes $169,295
Kohl's, Meridian Value $7.3MM Value/Sqft $75.66 Taxes/Sqft $1.14 Total taxes $109,101
Difference in property taxation $1.92/$1.14 = 68.4% higher property taxes in Canyon County!
This is just one of many examples of how high property taxation is driving business decisions for companies to locate in Ada County. It is also a stark picture of just how Urban Renewal property taxes are impacting businesses in Canyon County. Nearly all of the property taxes in the Treasure Valley Market Place go to the Nampa Urban Renewal Agency.
This is a great example of the difference in the property tax burden for like businesses in Ada v. Canyon County. We thank Greg for the supporting information for this post.
Posted by Paul Alldredge at 10:11 AM