Homeowners Exemption
ABOUT THE HOMEOWNERS EXEMPTION
Idaho has a homeowner’s exemption for owner-occupied homes and manufactured homes, which are primary dwellings, that includes the value of your home and up to one acre of land.
For the 2009 property taxes, due and (at least half) payable no later than December 21, 2009 and June 21, 2010(second half), this law exempts 50% of the value up to a maximum of $104,471 for the home and up to one acre of land.
For the 2010 property taxes, due and payable no later than December 20, 2010 and June 20, 2011, the percentage reduction is unchanged (50%), but the exemption can reduce taxable value up to a maximum of $101,153 for the home and up to one acre of land.
WHO QUALIFIES?
To qualify, applicants must own, occupy and use the dwelling as of January 1 but before April 15. Although there are no income or age restrictions to qualify for the Homeowner's Exemption, taxpayers can qualify for an exemption on only one home. The statute governing qualifications for th Homeowner's Exemption is 63-602G. To find a copy of the statute please click here.
HOW DOES ONE APPLY?
You must complete an application for Homeowner's Exemption. You can get an application by emailing us or calling our office at (208) 287-7200. A form can also be downloaded from our Documents and Forms page by clicking here.
WHAT HAPPENS AFTER MY APPLICATION IS APPROVED?
When the application is approved, the exemption is permanent as long as one owns and occupies the property. If the property is sold, the new owner must file a new application.
WHAT IS THE APPLICATION DEADLINE?
The deadline for applying for the Homeowner's Exemption is April 15th at 5 p.m. (if the 15th falls on a weekend, the deadline becomes the next immediate business day thereafter).
WHAT ELSE DO I NEED TO KNOW ABOUT THE HOMEOWNER'S EXEMPTION?
Many taxpayers wait until the last minute to apply for these exemptions. Others fail to qualify because they misunderstand the law's guidelines and deadlines.
Applying now can ensure the taxpayer spends less waiting time in line and provides assurance that all supporting documentation was obtained in time.
Homeowners Exemption
ABOUT THE HOMEOWNERS EXEMPTION
Idaho has a homeowner’s exemption for owner-occupied homes and manufactured homes, which are primary dwellings, that includes the value of your home and up to one acre of land.
For the 2009 property taxes, due and (at least half) payable no later than December 21, 2009 and June 21, 2010(second half), this law exempts 50% of the value up to a maximum of $104,471 for the home and up to one acre of land.
For the 2010 property taxes, due and payable no later than December 20, 2010 and June 20, 2011, the percentage reduction is unchanged (50%), but the exemption can reduce taxable value up to a maximum of $101,153 for the home and up to one acre of land.
WHO QUALIFIES?
To qualify, applicants must own, occupy and use the dwelling as of January 1 but before April 15. Although there are no income or age restrictions to qualify for the Homeowner's Exemption, taxpayers can qualify for an exemption on only one home. The statute governing qualifications for th Homeowner's Exemption is 63-602G. To find a copy of the statute please click here.
HOW DOES ONE APPLY?
You must complete an application for Homeowner's Exemption. You can get an application by emailing us or calling our office at (208) 287-7200. A form can also be downloaded from our Documents and Forms page by clicking here.
WHAT HAPPENS AFTER MY APPLICATION IS APPROVED?
When the application is approved, the exemption is permanent as long as one owns and occupies the property. If the property is sold, the new owner must file a new application.
WHAT IS THE APPLICATION DEADLINE?
The deadline for applying for the Homeowner's Exemption is April 15th at 5 p.m. (if the 15th falls on a weekend, the deadline becomes the next immediate business day thereafter).
WHAT ELSE DO I NEED TO KNOW ABOUT THE HOMEOWNER'S EXEMPTION?
Many taxpayers wait until the last minute to apply for these exemptions. Others fail to qualify because they misunderstand the law's guidelines and deadlines.
Applying now can ensure the taxpayer spends less waiting time in line and provides assurance that all supporting documentation was obtained in time.