- About
- Homeowner's Exemption
- Property Tax Reduction Program ("Circuit Breaker")
- Veteran Benefit
- Property Tax Deferral
- Casualty Loss Exemption
Certain properties and property owners may be eligible to reduce what they owe on property taxes. Here you can find the programs available and see if you qualify.
What is it?
The homeowner’s exemption will exempt 50% of the value of your home and up to one acre of land (maximum: $125,000) from property tax.
Read more about Homeowner’s Exemption in Idaho Code 63-602G
Do I qualify?
If you own and occupy a home (including manufactured homes) as your primary residence, you could qualify for a homeowner’s exemption for that home and up to one acre of land.
You apply for this exemption with your county assessor’s office, and it determines if you qualify. Once approved, your exemption lasts until the home’s ownership changes or you no longer use the home as your primary residence.
How do I apply?
To apply, submit a completed application by Dec. 31 to the Bannock County Assessor’s Office,130 North 6th Avenue, Pocatello.
Request an application:
Phone: 208-236-7260
Office: 130 North 6th Avenue, Pocatello ID 83201
Do I need to apply again?
You only need to apply once. If approved, your exemption is good until any of the following happens:
• You move and the home is no longer your primary residence
• You no longer own the home
• The home’s ownership changes (e.g., you put the home in a trust; you start to share ownership with someone else)
How will I know I’ve been approved for an exemption?
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) 236-7260.
What is it?
Qualified homeowners can reduce their property taxes from $250 to $1,500 by applying to the Property Tax Reduction Program, also known as the “circuit breaker.” This program is meant to help seniors, people with disabilities, and widowers alleviate their property taxes.
Note: This program won’t reduce solid waste, irrigation, or other fees that government entities charge.
Do I qualify?
You may qualify for property tax reduction in 2024 if:
• You are an Idaho resident, and;
• You own and occupy your home or mobile home, and the value doesn’t exceed a limit set by law that will be calculated in June 2024, and;
• Your total 2023 income, after deducting medical expenses, was $37,000 or less, and;
• You’re any of the following as of January 1, 2024:
• 65 or older
• Former POW or hostage
• Motherless or fatherless child under 18
• Blind
• Widow(er)
• Disabled as recognized by the Social Security Administration, Railroad Retirement Board, Federal Civil Service, Veterans Affairs, or a public employment retirement system not covered by these agencies.
How do I apply?
*We’ll help you apply! Click here for our open-house schedule*
You must apply and qualify for this program every year. You must apply between January 1 and April 15, 2024, for a reduction to 2024 property taxes.
If your application is approved, your benefit will appear on your December 2024 property tax bill.
Before you apply: See the guide for the 2024 Property Tax Reduction Program for the information you’ll need to have ready.
When you file your application, you must provide proof of:
• Income (View2024 – Property Tax Reduction Income Brackets)
• Medical expenses
• The requirement(s) you meet (age 65 or older, blind, VA disability, etc.)
• Ownership, if the property is owned by a trust or limited liability corporation (LLC)
Or, you can fill out and mail a paper form to your county assessor.
Help with my application
You can call the Bannock County Assessor’s Office at 208-236-7260 for help with your application anytime between 8 a.m.-5 p.m. Monday-Friday.
What documents do I need to apply for the Circuit Breaker?
You might qualify for this program if you’re an Idaho resident, homeowner, and qualified veteran with a 100% service-connected disability. The program could reduce the property taxes on your home and up to one acre of land by as much as $1,500.
Once granted to a qualifying veteran, a surviving spouse can use this benefit. However, the benefit isn’t transferable to a new property after the death of the veteran.
Note: This program won’t reduce solid waste, irrigation, or other fees that government entities charge.
Read more about the program:
Property Tax Benefit for Veterans with a 100% Service-Connected Disability
Who qualifies
The Disabled Veterans benefit doesn’t have an income limit. You might qualify for this program in 2024 if both of these apply:
- You’re recognized as a veteran with a 100% service-connected disability or receive 100% compensation due to individual unemployability by the U.S. Department of Veterans Affairs as of January 1, 2024.
- You owned and lived in a home in Idaho that was your primary residence before April 15, 2024.
- The property must have a current homeowner’s exemption.
- The home can be a mobile home.
You could qualify if you live in a care facility or nursing home in 2024 or lived in one in 2023. Contact your county assessor’s office for information.
How to apply
You must apply and qualify for this program every year. You must apply between January 1 and April 15, 2024, for a reduction to 2024 property taxes.
If your application is approved, your benefit will appear on your December 2024 property tax bill.
Before you begin: Get a current letter from the U.S. Department of Veterans Affairs confirming your 100% service-connected disability rating or your 100% compensation due to individual unemployability as of January 1, 2024.
** The Bannock County Veterans Services Office can help you obtain this letter! We are hosting walk-in clinics from Jan. 30-April 9 to help gather this information. Click here for more information.
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If you’re an Idaho homeowner, you might be eligible for the Idaho Property Tax Deferral (PTD) program. The program lets you postpone paying taxes on your home and up to one acre of land. You must pay the taxes and interest at a later time.
You might qualify for this program in 2024 if both of these apply:
- Your income for 2023 was $58,304 or less.
- You meet the conditions described in theguide for the 2024 Property Tax Deferral program
Applying
You must apply and qualify for this program every year. You must apply between January 1 and September 3, 2024, for a deferral on your 2024 taxes.
Before you apply: See the guide for the 2024 Property Tax Deferral program for the information you’ll need to have ready.
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Idaho Code 63-602X, the Casualty Loss Exemption, is intended for property taxpayers who have experienced considerable property damage in a given year. The exemption will deduct the damages to the property from the tax assessment. The impact this will have on taxes, if any, will only be determined once levies are certified in the fall.
The Board of Equalization shall determine whether to grant an exemption on a case-by-case basis.
An exemption granted under this section shall be for the year in which the real or personal property has been damaged or destroyed.
If an exemption is granted, the value of the property subject to taxation shall be calculated by dividing the number of days in the year prior to the casualty loss by the number of days in the year and multiplying the resulting equation by the marker value of the property less any applicable exemptions, as of 12:01 a.m. on the first day of January of the tax year.
The Board of Equalization shall decide whether to grant such a claim for exemption on or before the second Monday of July of the year in which the claim is filed. If granted, either in whole or in part, the county board of equalization shall order all necessary adjustments made in the property roll.
DUE: 5:00 p.m. on the Fourth Monday of June of the year in which the casualty loss occurred.
Download Application for Casualty/Loss Exemption
