Property Tax Reduction Program - Circuit Breaker

State

Idaho

Year

2022

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. For the 2022 benefit (based on 2021 income), the benefit ranges from a maximum of $1,500 for an income under $12,840 to a benefit of $250 for an income of less than $32,230. Applicants must qualify and reapply each year for the benefit with their local county assessor.

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. A “homestead” is defined as the owner-occupied, primary dwelling of the claimant. It may consist of a part of a multi-dwelling or multi-purpose building. The exemption extends to land surrounding the homestead which is necessary for its use as a home, but may not exceed one acre. A homestead does not include personal property such as furniture, furnishings, or appliances, but a manufactured home may qualify as a homestead.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Principal Residence

Veteran

Surviving Spouse

Other Criteria

Description of Eligibility Criteria

To qualify for the 2022 benefit, applicants must have a 2021 income of $32,230 or less. A claimant must be an owner of the homestead, have a lawful presence in the United States, 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 a public employee disability program(s) 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.

Record ID

ID103_RR22

Footnotes

A disabled person is someone 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 to a degree of 10% or more or who has a pension for non-service-connected disabilities. Adjusted gross income includes 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.

Sources

Idaho Code Ann. § 63-602G;
Idaho Code Ann. § 63-701 ~ § 63-710 (in effect for 2022)
Idaho Tax Commission, Idaho Property Tax Reduction Statistics 2022
[https://tax.idaho.gov/wp-content/uploads/reports/EPB00089/EPB00089_03-14-2023.pdf Accessed 07/21/2023]
View Archived Source
Idaho State Tax Commission Property Tax Reduction Website
[https://tax.idaho.gov/i-1052.cfm Accessed 07/21/2023]
View Archived Source

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