Idaho Bills
8 bills · 2020 Regular Session
Amends existing law to provide requirements for the homestead exemption application form.
49 – 21
Amends existing law to revise provisions regarding property tax notices.
67 – 0
Amends existing law to remove the deadline for applying for a homestead exemption.
32 – 0
Amends existing law to revise provisions regarding a property tax exemption for certain low-income housing owned by nonprofit organizations.
This bill amends Idaho Code §63-602GG. Current law does not allow a nonprofit organization that owns low income housing to hire professional property management without loosing the property tax exemption they rely on to maintain affordable housing. This one word change simply allows a nonprofit entity that owns low income housing to hire a non-related nonprofit property management company to manage their properties.
Amends existing law to provide an additional homeowner exemption for certain persons age 65 and older.
To provide property tax relief against the rapid increase in assessed home values. It will increase the homeowners exemption equal to the increase in value. This will provide some surety for those over 65 that Idaho will not tax them out of their homes once they retire. The bill will only apply to primary residents and cannot be used for second home.
Amends existing law to increase the homeowner exemption to $120,000 and restore the inflation index.
Stating findings of the Legislature and authorizing a legislative interim study committee on property taxes.
34 – 0
Amends existing law to revise provisions regarding income limitations and tax reduction amounts for the property tax relief program.
This legislation amends Idaho Code 63-705 to adjust eligibility and benefits of the Property Tax Relief Program (“Circuit Breaker” Program) to provide real property tax relief to Idaho’s low income senior citizens, widow(er)s, blind, fatherless or motherless children under 18 years of age, former prisoners of war, veterans with service-connected disabilities, veteran penioners with non-service-connected disabilities, and/or disabled as defined in Title 63 of the Idaho Code. The legislation additionally creates a distinciton between a homeowner household of one (1) person and a household of two (2) or more. The purpose of the bill is to assist vulnerable Idahoans afford real property taxes and remain in their respective homes
31 – 1