Because property taxes negatively affected so many Utah residents in 2007, lawmakers and the public are considering several different approaches. Among them:

• A property's market value should be calculated on a rolling five-year average.
• The 45 percent exemption for residential property should apply to more than one acre if constrained by zoning.
• Property-tax increases above the inflation rate should go to a vote of the people.
• School districts could get funding from sales tax revenue rather than property taxes.
• A simpler rate is needed to tax homes and land.
• Qualifying residents over 65 could have property taxes deferred.
• Circuit-breaker qualifications should be broadened.
• Taxable value should be calculated on the acquisition value of a property
• Assessors should assess their entire county every year.

• School districts shouldn't have to re-qualify so often for leeways to get state funding.
• Accurate, well-funded appraisal systems are needed. The state could initiate a statewide appraisal system and/or require disclosure of all property transactions and sales prices.
• Truth-in-taxation requirements should continue.

• Cost-of-living adjustments should be the basis for increasing home values.
• The Utah Tax Commission should be given more oversight.
• Tax deferrals may not be a good idea for senior citizens.
• Elections for property tax increases should require a double majority to pass.
The 2008 general session of the Legislature begins Jan. 21.