Habitat and water quality improvements

From the 2024 DOR Tax Exemption Study

84.36.255 - Habitat and water quality improvements Description Taxpayers may apply for a property tax exemption for improvements to real and personal property devoted to fish and wildlife habitat restoration and protection and to water quality and quantity improvements. To qualify, the improvements must be in accordance with a local conservation district's written plan for best management practices. Purpose Encourages improvement of fish and wildlife habitat and water quality/quantity. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.023 $0.023 $0.024 $0.024 Local Taxes $0.067 $0.071 $0.075 $0.080 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. It may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ 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 $0.002 $0.004 $0.004 Assumptions - The total estimated exempt