Transfer Of TitleTaxesMEDIUM
Idaho homeowner exemption provides:
Correct Answer
B) Reduction in assessed value for owner-occupied primary residences
Idaho offers homeowner exemption reducing assessed value for owner-occupied homes.
Answer Options
A
No exemptionB
Reduction in assessed value for owner-occupied primary residencesC
Total tax exemptionD
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Related Topics & Key Terms
Related Topics:
property-tax-assessment-processhomeownership-affordability-programsstate-specific-property-tax-laws
Key Terms:
Idaho homeowner exemptionassessed value reductionIdaho Code § 63-602Gproperty tax reliefowner-occupied primary residence
Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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