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Thursday, September 20, 2012

Idaho Homeowner Tax Exemption Drops to $81K

Posted By on Thu, Sep 20, 2012 at 1:46 PM

The Idaho State Tax Commission has dropped the maximum homeowner's exemption for 2013 to $81,000, from this year's exemption of $83,974.

"This reflects the fact that the housing prices trended downward, but at a slower pace than last year," said Alan Dornfest, the commission's property tax policy supervisor.

Idaho homeowner's exemption began in 1980 at a maximum of $10,000. It was bumped up to $50,000 in 1983 and $75,000 in 2006, with future limits tied to the House Price Index.

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