Soil & water conservation districts

From the 2024 DOR Tax Exemption Study

84.36.240 - Soil & water conservation districts Description Personal property belonging solely to soil and water conservation districts is exempt from property tax unless a district engages in contract work for parties other than landowners or cooperators of the district. Purpose Assists what is essentially a quasi-governmental activity. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.007 $0.007 $0.007 $0.007 Local Taxes $0.020 $0.021 $0.023 $0.024 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.001 $0.001 $0.001 Assumptions - The total estimated exempt value is $3.3 million. - This repeal takes effect beginning with property taxes due for calendar year 2025. - Growth rate mirrors the property tax grow