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Gov. Little OKs bill to keep older owners in their homes

BOISE, Idaho (AP) — Idaho Gov. Brad Little has signed into law a property tax reduction for higher-valued houses to keep older, low-income Idaho residents in their homes.

The Republican governor last week signed the measure that increases the maximum value of a home that qualifies for the property tax reduction program, called the circuit breaker.

The measure adjusts the maximum value of qualifying residential homes to 150% of the median assessed value in a county.

The bill also allows homeowners to use a $300,000 valuation, which in some counties could cover more homeowners.

Backers said older homeowners with limited incomes need the tax break or they’ll be forced from their homes.

Article Topic Follows: Idaho Politics

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Associated Press


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