Bill > H0354

This bill proposes several amendments to Idaho property tax laws, focusing on market value assessment, homestead exemption, and tax payment procedures. Specifically, the bill requires county assessors to use statistical methods that ensure property assessments reflect a median ratio of assessed value to market value within 90-110% range, and introduces new provisions for burden of proof in property tax appeals. For homestead exemptions, the bill establishes more detailed rules about how and when exemptions can be claimed, including prorating tax calculations if a property's eligibility status changes during the tax year. The bill also modifies property tax payment deadlines and procedures for subsequent or missed property rolls, clarifying when late charges and interest can be applied. Additionally, the bill requires the state tax commission to create a searchable database of active homestead exemptions by July 1, 2023, to help prevent multiple exemption claims and verify residency information. These changes aim to improve the uniformity, fairness, and administrative processes of property tax assessment and collection in Idaho. The bill will take effect on January 1, 2026.

Budget and Finance

Revenue and Taxation Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0354/