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Idaho property tax exemption for seniors

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Instead of calculating your property tax percentage based on the full value of your home, the Idaho Homeowners Exemption subtracts $100,000 and determines your tax rate based on the resulting amount. In 2019, the legislature set the exemption reduction at an even $100,000 (up to a maximum of 50% of the properties value), to remain in effect .... Senior Citizen Homeowners’ Exemption (SCHE) A property tax break for seniors who own one-, two-, or three-family homes, condominiums, or cooperative apartments. Thanks to changes in city and state law, the SCHE and DHE (Disabled Homeowners’ Exemption) tax breaks are now available to homeowners with a combined annual income of $58,399 or less.

If you're a qualified Idaho homeowner, you might be eligible for the Property Tax Reduction (PTR) program. You could reduce property taxes from $250 to $1,500 on your home and up to one acre of land. Apply for PTR through your county assessor's office. Read more about PTR in this brochure: 2022 Property Tax Reduction Program Brochure (12-30-2021).

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Instead of calculating your property tax percentage based on the full value of your home, the Idaho Homeowners Exemption subtracts $100,000 and determines your tax rate based on the resulting amount. In 2019, the legislature set the exemption reduction at an even $100,000 (up to a maximum of 50% of the properties value), to remain in effect ....

Property tax exemptions are a discretionary incentive County Commissioners can offer business development projects which offer a significant economic impact to their communities. The documents below are provided to help counties develop their own processes and procedures for use of the incentive. Frequently Asked Questions.

The Ada County Assessor's Office recently mailed Property Tax Reduction applications to residents who qualified for the program last year. Residents who would like to apply. or who requested an application but have not yet received it should contact the Assessor's office at (208) 287-7200.

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