Idaho homeowner's exemption to decrease slightly

Idaho homeowner's exemption to decrease slightly

Idaho homeowner's exemption to decrease slightly

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by KTVB

KTVB.COM

Posted on September 21, 2012 at 3:47 PM

Updated Friday, Nov 8 at 9:19 AM

BOISE -- The maximum homeowner's exemption for next year's property taxes will be smaller.

The Idaho State Tax Commission announced the exemption will decrease to $81,000, based on a small decrease in housing prices.

Because the law exempts up to 50 percent of a home's value, people with homes valued at less than $162,000 won't see a change.

The maximum exemption for this year is nearly $84,000.

The exemption applies to a homeowner's primary dwelling and up to one acre of land.

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