H06492020 Regular Session
Amends existing law to provide an additional homeowner exemption for certain persons age 65 and older.
PROPERTY TAXES -- Amends existing law to provide an additional homeowner exemption for certain persons age 65 and older.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
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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.
LATEST ACTION
Reported Printed and Referred to Ways & Means
BILL INFO
- Session
- 2020
- Chamber
- house
- Status date
- Mar 17, 2020
RELATED BILLS
Similar bills
S1277Amends existing law to provide requirements for the homestead exemption application form.H0518Amends existing law to revise provisions regarding property tax notices.H0562Amends existing law to remove the deadline for applying for a homestead exemption.H0633Amends existing law to revise provisions regarding a property tax exemption for certain low-income housing owned by nonprofit organizations.