Property Tax Reduction Program - Circuit Breaker

State

Idaho

Year

2007

Variations in Receipt of Benefit

Benefit Varies with Income

Benefit Type

Circuit Breaker

Benefit

The benefit is a reduction in property taxes. This amount of the benefit is based on 36 income brackets. The benefit ranges from a maximum benefit of $1,320 for income under $11,270 to a benefit of $150 for income between $27,491 and $28,000.

How is Benefit Disbursed

Credit to the property tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Only homesteads are eligible for this benefit. “Homestead” is defined as the dwelling, owner-occupied by the claimant and used as the primary dwelling place of the claimant. The homestead may be occupied by any members of the household as their home, and so much of the land surrounding it, not exceeding one acre, as is reasonably necessary for the use of the dwelling as a home. It may consist of a part of a multidwelling or multipurpose building and part of the land upon which it is built. Homestead does not include personal property such as furniture, furnishings or appliances, but a manufactured home may be a homestead.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Principal Residence

Veteran

Surviving Spouse

Other Criteria

Description of Eligibility Criteria

For 2007, the income limit was $28,000. A claimant must be an owner of the homestead and as of 1 January of year which claimant applies for benefit, must be: (a) over 65 years old; (b) a fatherless or motherless minor; (c) a widow or widower; (d) a qualified disabled person or veteran; (e) a former POW; or (f) blind.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

State reimburses all of the local government tax loss

Description of State Funding for Tax Loss

By no later than 20 December of each year the state tax commission shall pay to the county tax collector of each county 1/2 of the amount due each county as reimbursement for reduction in property taxes as shown on the abstract of property tax reduction roll and claims forms approved by the state tax commission, and shall pay the second 1/2 of such amount by not later than 20 June of the following year.

Enrollment Data

In tax year 2007 there were 28,202 approved claimants. Claims totaled $15.32 million and the average claim was $543.12.

Record ID

ID103_RR07

Footnotes

Income is defined as federal adjusted gross income and other income that is not necessarily included in the adjusted gross income, including social security and similar benefits, worker's compensation, loss of earnings insurance, and most non-taxable income. It does not include certain medical and funeral expenses, veterans' disability pensions, and veteran's and social security death benefits. Annual income limitations shall be the greater of: $28,000 per household or (b) 185% of the federal poverty guidelines for a household of 2. A disabled person is one who is recognized as disabled by the Social Security Administration, the Railroad Retirement board, or the Office of Management and Budget. A disabled veteran of any war engaged in by the United States is one whose disability is recognized as a service-connected disability of a degree of 10% or more, or who has a pension for non-service-connected disabilities

Sources

Idaho Code Ann. § 63-701 ~ § 63-710 (in effect for 2007)
Circuit Breaker Statistics (2010) Idaho State Tax Commission [http://tax.idaho.gov/s-results-pub.cfm?subptkey=policy Accessed 04/10/2011]
View Archived Source

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