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Idaho governor OKs bill to keep older owners in their homes

Posted at 4:27 PM, Mar 29, 2022

BOISE, Idaho — Idaho Gov. Brad Little has signed into law a property tax reduction for higher-valued houses to keep older, low-income Idaho residents in their homes.

The Republican governor last week signed the measure that increases the maximum value of a home that qualifies for the property tax reduction program, called the circuit breaker. The measure adjusts the maximum value of qualifying residential homes to 150% of the median assessed value in a county.

The bill also allows homeowners to use a $300,000 valuation, which in some counties could cover more homeowners. Backers said older homeowners with limited incomes need the tax break or they’ll be forced from their homes.