Idaho State Tax Commission

Homeowners and Property Tax

Counties tax land and homes (including manufactured housing) to provide local services and support for independent taxing districts, such as cities and schools.

Read more in our Understanding Property Tax guide, including how your property tax assessment is determined and what to do if you disagree with it.

Tax relief for homeowners

You might be eligible for one or more of the following programs. Read the descriptions below to see if you could qualify.

Homeowner's exemption

If you own and occupy a home (including manufactured homes) as your primary residence, you could qualify for a homeowner's exemption for that home and up to one acre of land.

You only need to apply once. If approved, your exemption is good until any of the following happens:

  • You move and the home is no longer your primary residence
  • You no longer own the home
  • The home's ownership changes (e.g., you put the home in a trust; you start to share ownership with someone else)

The homeowner's exemption will exempt 50% of the value of your home and up to one acre of land (maximum: $125,000) from property tax.

Example:

George's property is a house located in the fictitious city of New Town, Idaho. The total amount of property tax that George owes is calculated like this:

  1. 100% of the market value of his house is $175,000.
  2. 100% of the market value of his half-acre lot on which the house sits is $125,000.
  3. George applied for and is eligible for the homeowner's exemption. This reduces the taxable amount of his property by $125,000.
  4. Line A plus line B minus line C is the taxable value: $175,000

A history of the maximum homeowner's exemption is at the bottom of this page.

Property tax reduction program

This program can reduce the property tax you must pay on your home and up to one acre of land. You must apply every year between January 1 and April 15 with your county assessor's office.

You can find forms and a brochure describing eligibility requirements on the Property Tax Reduction page.

Property Tax Deferral program

The program lets you postpone paying taxes on your home and up to one acre of land. You must apply every year between January 1 and April 15 with your county assessor's office.

Like the Property Tax Reduction program, you must meet specific eligibility requirements. Read more on the Property Tax Deferral page.

Benefit for veterans with a 100% service-connected disability

This program can reduce the property tax you must pay on your home and up to one acre of land. You must apply every year between January 1 and April 15 with your county assessor's office.

You can find forms and a brochure describing eligibility requirements on the 100% Service-Connected Disabled Veterans Benefit page.

Other property tax resources

You can find a list of all our property tax pages on the Property Tax Hub.

The Tax Commission doesn't collect property tax. Counties collect property taxes. The Tax Commission just oversees the property tax system to ensure compliance with state laws. Read more in our Understanding Property Tax guide.

Idaho's Property Tax Homestead Exemption

HISTORY OF THE MAXIMUM HOMEOWNER'S EXEMPTION

History of Maximum Homeowner's ExemptionHouse Price Index Used
YearsMaximumIf HPI was used
1980-1982$10,000NA
1983-2005$50,000NA
2006$75,000NA
2007$89,325NA
2008$100,938NA
2009$104,471NA
2010$101,153NA
2011$92,040NA
2012$83,974NA
2013$81,000NA
2014$83,920NA
2015$89,580NA
2016$94,745NA
2017$100,000$101,610
2018$100,000$110,150
2019$100,000$121,950
2020$100,000$135,850
2021$125,000$149,525
2022$125,000$174,229
2023$125,000$224,360

In 2007 - June 2016, the maximum homeowner's exemption was indexed each year using the House Price Index - All Transactions, as published by the Federal Housing Finance Agency. In 2016 the Idaho Legislature passed House Bill 431, freezing the maximum Homestead Exemption at $100,000, effective July 1, 2016. House Bill 389 passed in the 2021 legislative session increasing the maximum Homestead Exemption at $125,000. The Homestead Exemption is the lesser of 50% of the assessed value or $125,000 for the 2023 assessment year.

Page last updated October 3, 2022. Last full review of page: March 15, 2022.

This information is for general guidance only. Tax laws are complex and change regularly. We can't cover every circumstance in our guides. This guidance may not apply to your situation. Please contact us with any questions. We work to provide current and accurate information. But some information could have technical inaccuracies or typographical errors. If there's a conflict between current tax law and this information, current tax law will govern.