ATTENTION!

HOME OWNERS OF IDAHO


House Bill 431
will negatively affect your homeowner's exemption

Here is more information on why folks are opposed.
 
Information found by Karen Crosby


If House Bill 431 passes in the Senate, then Idaho homeowners would face a cap of $100k while claiming their property tax exemption.

State law allows qualified homeowners to claim the property tax exemption for their primary dwelling and up to one acre of land. The exemption is for 50 percent of the assessed home value, up to the maximum exemption limit.

This year's exemption is just under $95,000. While it's lower than the bill's proposed $100,000, the current system allows for the exemption to grow or fall with the housing economy. The exemption rate peaked to a high of $104,471 in 2009, but then fell to $81,000 four years later because of the economic downturn. 

When inflation increases the value of your home to more than $200k, Idaho Homeowners will not have the benefit of a higher exemption, so you will essentially have a higher tax. The bottom line is that if the bill passes property taxes will increase over time for our residential owners throughout Idaho. 


There is a hearing on Feb 18th
2016 Senate Local Govít. Committee will be Hearing Bill 431 on February 18, 2016 at 3:00pm, Room: WW53

IF YOU DISAGREE WITH THE BILL
CONTACT COMMITTEE MEMBERS BELOW RIGHT AWAY!

  Chairman
Jeff C. Siddoway    
Dist. 35  
Butte, Clark, Freemont, Jefferson 
  Vice Chair
Jim Guthrie
Dist. 28  
Bannock, Power
 
Committee Members
   
 
Curt McKenzie     
D13
Canyon
 
Dan G. Johnson   
D6  
Nez Perce
 
Jim Rice                 
D10
Canyon
 
Steve Vick             
D2          
Kootenai
 
Clifford R. Bayer  
D21
Ada
 
Michelle Stennett 
D26 
Blaine, Camas, Gooding, Lincoln
 
Grant Burgoyne   
D16
Ada

Disclaimer
North Idaho ATV Assoc has not taken a position on this bill. 

 

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Information on the bill can be found online HB431 it's up to you to verify the information presented.