Homeowners Exemption Information

What is the Homeowners Exemption?

The Homeowners Exemption is an exemption provided by state law that saves the property owner money on their property taxes. This happens because the exemption deducts half of the assessed value of the buildings and the one acre home site, up to a maximum of $100,000 or 50%, whichever is less. This rate is adjusted annually.

Who Qualifies?

A property owner who occupies the home as their primary residence and is an Idaho resident.

How Do You Qualify?

  • A valid Idaho drivers license (if you drive)
  • Vehicle is licensed in Idaho (if you own a vehicle)
  • If the property is in a trust, bring the entire trust with you.
  • Registered Idaho voter (if you vote)
  • If you file income tax; at the appropriate time, the property owner would file a full year Idaho resident income tax return.
  • You reside in Idaho for a majority of the year

When Do I File?

  • On new construction, the owner must apply within thirty (30) days of purchase.
  • On existing homes, the deadline for applying is April 15th of the year that you occupied the home.

Where Do I File?

The Homeowners Exemption Applications are available and must be filed in the Assessor’s Office at 451 Government Way on the main floor of the Administration building, next to the information desk.