<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=02crbJ_1EBsT59G00" alt="https://img.particlenews.com/image.php?url=02crbJ_1EBsT59G00" width="750" height="422" ><figcaption>KREM 2</figcaption></figure><ul><li>Post Falls, Idaho is considering a 3% property tax increase that could generate $1.6 million in revenue, with $550,000 coming from a one-time capital levy and $390,000 from annexation and new growth.</li></ul>Post Falls on Tuesday joined a growing list of Idaho cities looking to raise property taxes.The potential 3% increase could raise the city's property tax revenue by $1.6 million, with $390,000 of the increase coming from annexation and new growth and $550,000 coming from a one-time capital levy.The increase is expected to cost the owner of a home valued at $650,000, with the homeowner's exemption, about $105 a year."So surprise, surprise we got another difficult budget year where we have really high inflation, we have reduced state revenue share and the numbers aren't pointing in the right direction," said Deputy City Administrator Warren Wilson to open the budget workshop.City officials put forth several cost-saving measures.They are establishing a financial planning model for the general fund; they plan to review city-owned properties and potentially sell off unnecessary property or reduce maintenance costs; and will roll out an employee-led efficiency program later this year.Wilson presented economic challenges facing the region, citing a 5.9% inflation rate over the past two years. He also said construction is up 4.55% over the past two years. He said labor costs are up in Kootenai County, with "all occupations" wages increasing 14.6%, and said the median home price in the Coeur d'Alene area is up 8.6% over the past two years. To read this full story, visit our news partners at the Coeur d'Alene Press.</div></body>

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Post Falls, Idaho is considering a 3% property tax increase that could generate $1.6 million in revenue, with $550,000 coming from a one-time capital levy and $390,000 from annexation and new growth. Post Falls on Tuesday joined a growing list of Idaho cities looking to raise property taxes. The potential...

Post Falls considering property tax hike

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Post Falls, Idaho is considering a 3% property tax increase that could generate $1.6 million in revenue, with $550,000 coming from a one-time capital levy 

Post Falls considering property tax hike

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