Bill > H0843

This bill amends existing Idaho law to eliminate the proration of the homestead property tax exemption, meaning that homeowners will no longer have their property tax exemption reduced if their eligibility status changes during the tax year. The homestead exemption, which exempts a portion of the market value of a primary residence from property taxes, will now be fully effective as of January 1 of the tax year if an application is submitted and approved, and it must be applied for by the end of the county's normal business hours on the last business day of the year. The bill also includes provisions for retroactive application to January 1, 2026, and declares an emergency to allow for immediate implementation.

Budget and Finance

Revenue and Taxation Committee (House)

https://legislature.idaho.gov/sessioninfo/2026/legislation/H0843/