Variations in Receipt of Benefit
Benefit Varies with Income
The benefit is a reduction in property taxes. This amount of the benefit is based on 36 income brackets. For the 2019 benefit (based on 2018 income) the benefit ranges from a maximum of $1,320 for income under $12,250 to a benefit of $150 for income between $29,921 and $30,450. For the 2018 benefit (based on 2017 income) the benefit ranges from a maximum of $1,320 for income under $12,090 to a benefit of $150 for income between $29,521 and $30,050. Applicants must qualify and reapply each year for the benefit with their local county assessor. For the 2018 credit, the application must be filed with the county assessor between January 1 and April 17, 2018. The 2019 credit must be filed between January 1 and April 15, 2019.
How is Benefit Disbursed
Credit to the property tax bill
Eligible Property Type
Characteristics of Eligible Property
Only homesteads are eligible for this benefit. A “homestead” is defined as the owner-occupied primary dwelling place of the claimant. It may consist of a part of a multidwelling or multipurpose building. The exemption extends to land surrounding the homestead which is necessary for its use as a home. This may not exceed one acre. Homestead does not include personal property such as furniture, furnishings or appliances, but a manufactured home may be a homestead.
Description of Eligibility Criteria
Applicant must have income of $30,050 or less in 2017 to qualify for the 2018 benefit. To qualify for the 2019 benefit, income in 2018 must be $30,450 or less. A claimant must be an owner of the homestead and as of 1 January of year which claimant applies for benefit, must be any of the following: (a) over 65 years old; (b) a fatherless or motherless minor; (c) a widow or widower; (d) a qualified disabled person or recognized as disabled by public employee disability programs 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
The state directly reimburses the county in two installments.
2019 Idaho Tax Commission Property Tax Reduction (Circuit Breaker) Information Sheet (2018) [https://tax.idaho.gov/pubs/EBR00135_09-10-2018.pdf Accessed 09/24/2018] View Archived Source
2018 Property tax Reduction Income Brackets (2017) Idaho State Tax Commission [https://tax.idaho.gov/pubs/EPB00168_10-02-2017.pdf Accessed 03/05/2018]
View Archived Source
2018 Idaho Tax Commission Property Tax Reduction (Circuit Breaker) Information Sheet (Oct 2017) [https://tax.idaho.gov/pubs/EBR00135_10-24-2017.pdf Accessed 08/28/2018] View Archived Source
Idaho Tax Commission Application for Property Tax Reduction for 2018 [https://tax.idaho.gov/forms/EFO00002_01-01-2018.pdf Accessed 08/28/2018] View Archived Source