Homeowners Exemption

ABOUT THE HOMEOWNERS EXEMPTION 
An exemption may be granted if the dwelling and up to one acre of land is used as a primary residence and owner-occupied.  To qualify, you must own and occupy your home before April 15th.  An owner must then sign the application, in the County Assessor’s office, by April 15 th to be eligible for the current tax year.  Once you apply and qualify for this exemption, you only have to reapply if you move or if the ownership changes.

This exemption allows 50% percent of the value of your home including up to one acre of land to be exempted, or up to $100,000 worth of exemption; whichever is less.

WHO QUALIFIES? 
To qualify, applicants must own, occupy and use the dwelling as their primary residence 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 statute governing qualifications for the Homeowner’s Exemption is 63-602G; to find a copy of the statute please click here.

The exemption will be extended to all newly constructed and occupied residential structures, including new manufactured housing, if the owner applies for and meets the requirements for such exemption within thirty (30) days of notification of appraisal by the assessor, according to Statute 63-317.

HOW DOES ONE APPLY? 
You must complete an application for Homeowner’s Exemption in the County Assessor’s office.  Each individual owner must sign with their IDAHO Driver’s License.

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 an application with the assessor’s office.

Notices of approval are not sent to homeowners; to verify that your exemption has been processed please review your annual assessment notice.  If you believe there is an error pertaining to your exemption contact our office at (208) 736-4010.

WHAT IS THE APPLICATION DEADLINE?
The statutory deadline for filing an application for Homeowner’s Exemption is April 15 th of that current year.

For the 2017 year ONLY the Twin Falls County Assessor’s Office has extended the application deadline to April 17th at 5 p.m.

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 provides assurance that all supporting documentation was obtained in time. We encourage taxpayers to request receipts for verification that their application was received timely.