Is any tax relief available to homeowners?
Yes. Idaho has a homeowner’s exemption for owner-occupied homes, including manufactured homes, which are primary dwellings. This exempts 50% or $104,471, whichever is less, of the value of your home and up to 1 acre of land. Taxes are computed on the remaining value. You may also receive the homeowner’s exemption if you are paying occupancy taxes. http://www.co.bonneville.id.us/assessor/AssessorFAQ_files/image003.gif Click for application Applications are available from your county assessor’s office. When an application is approved, the exemption is permanent as long as you own and occupy the property. If the property is sold, the new owner must file a new application. There are no income or age restrictions, but you can qualify for an exemption on only one home at a time. You must own and occupy your home before April 15th and must apply for an exemption by April 15th. You may also qualify for a property tax reduction if you meet the income requirements and fit one of the following ca
Yes, two different types of tax relief are available to homeowners. The first is the homeowners exemption. Each owner-occupied primary residence (house or manufactured home) is eligible for a homeowners exemption. However, you must own and occupy the home prior to April 15, and you must submit an application to your county assessors office by April 15. Once you apply and qualify for this exemption, you do not have to reapply unless you move. This exempts 50 percent of the value of the home up to a maximum exemption of $104,471 in value, effective for tax year 2009. The second is the property tax reduction benefit. However, fewer homeowners qualify for this tax relief because in addition to having to own and occupy the home as your primary residence, you must meet income requirements and must be either age 65 or older, a widow(er), blind, former POW, fatherless or motherless minor, or a qualifying disabled person. Unlike the homeowners exemption, you must file an application with the co
