Have you applied for your Idaho Homeowners Exemption for the 2019 tax year yet?
If you’ve recently purchased a house or moved to Idaho, you may be eligible for a property tax exemption. You’ll likely spend more money on owning a home than any other one thing in your life, so a tax break is a welcome relief.
A property tax exemption reduces the net taxable value of your home and up to one acre of your property. 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 2017, the legislature set the exemption reduction at an even $100,000 (up to a maximum of 50% of the properties value), to remain in…