General Orders
Homestead exemption
TAXATION – Amends existing law to provide for the proration of the homestead exemption based on the change in status of the property.

RS31590 / H0701

This proposed legislation clarifies Idaho Code which removed the April 15th Homeowner’s Exemption deadline for existing homes (properties going from a rental to primary residence).

This proposed legislation directs all 44 Idaho counties and the Tax Commission on how to implement the Homeowner’s Exemption in a uniform manner across Idaho by including the new formula of levy rate times the value of the home (either with or without the $125,000 Homeowner’s Exemption) times the days of ownership.

If this proposed legislation becomes law, there would be a de minimis effect on county property tax collection because Homeowner Exemptions would be going on the rolls and off the rolls as necessary.

Bill Events
Date Description
03/05 Introduced, read first time, referred to JRA for Printing
03/06 Reported Printed; Filed for Second Reading
03/07 Read second time; Filed for Third Reading
03/08 U.C. to be placed on General Orders, no objection
03/15 Retained on General Orders
03/25 Retained on General Orders