IDAPA 35.01.03.609 — PROPERTY EXEMPT FROM TAXATION -- HOMESTEAD

Sections 63-602G, 63-701, 63-703, and 63-3077, Idaho Code
01.
Homestead Exemption. Granted in 63-602G, Idaho Code.
(7-1-24)
02.
Partial Ownership. Any partial ownership is ownership for determining qualification for the
homestead exemption.The amount of the exemption is equal to the percentage of ownership. If a person has five
percent (5%) or greater ownership interest in a limited partnership, limited liability company or a shareholder of a
corporation, there is no partial ownership adjustment to the homestead exemption. See homestead calculation
examples at https://tax.idaho.gov.
(7-1-24)
03.
Part Year Ownership. For qualifying taxpayers who claimed the homestead exemption on an
eligible property, the homestead that qualified on January 1 of the current tax year will continue to receive the
exemption, provided however, the assessor may remove that property's exemption if the taxpayer owns a different
homestead and requests that the exemption be transferred to the second homestead.
(7-1-24)
04.
Determination of Residency. The Tax Commission may release pertinent information from any
Idaho income tax return to the county assessor and the county board of equalization for the sole purpose of providing
one (1) indicator of eligibility for the homestead exemption. According to Section 63-3077(4), Idaho Code, this
information is confidential and is not subject to public disclosure.
(7-1-24)
05.
Notification of Erroneous Claims. When it is determined that an exemption granted under this
Section to a taxpayer who has also received property tax relief under Chapter 7, Idaho Code, should not have been
granted, the county assessor will notify the Tax Commission of the determination.
(7-1-24)