To qualify, applicants must own, occupy and use the dwelling as of January 1 but before April 15. Although there are no income or age restrictions to qualify for the Homeowner's Exemption, taxpayers can qualify for an exemption on only one home. The actual statute governing qualification for the Homeowner's Exemption is found located at Idaho Statues Title 63, Chapter 6.
What happens after my application is approved?
When the application is approved, the exemption is permanent as long as one owns and occupies the property. If the property is sold, the new owner must file a new application.
When is the application deadline?
The deadline for applying for the Homeowner's Exemption is April 15th at 5 p.m. (if the 15th falls on a weekend, the deadline becomes the next immediate business day thereafter).
What else do I need to know about the Homeowner's Exemption?
Many taxpayers wait until the last minute to apply for these exemptions. Others fail to qualify because they misunderstand the law's guidelines and deadlines.
Applying now can ensure the taxpayer spends less waiting time in line and provides assurance that all supporting documentation was obtained in time.