STATEMENT OF PURPOSE
RS31649 / H0717
This legislation relating to property taxes makes two changes. First, it provides that if a property taxpayer
appealing their assessed value provides evidence that the assessment is not an accurate representation of fair
market value, it has the effect of shifting the burden of proof back to the assessor.
Second, it clarifies Idaho Code, which removed the April 15th homeowner’s exemption deadline for existing
homes (properties going from a rental to a primary residence). It does this by directing that all 44 counties
and the State Tax Commission implement the homeowner’s exemption in a uniform manner across Idaho by
including the new formula of levy rates multiplied by the value of the home (either with or without the up to
$125,000 homeowner’s exemption), multiplied by the days of ownership, divided by 365 or 366 days.
FISCAL NOTE
The property assessment appeal provisions of this bill would not impact the total amount of property taxes
collected for taxing districts, since any increase or decrease in assessed values would cause the levy rate
to change by the de minimis amount necessary to collect the required amount, in total. The homeowner’s
exemption provisions of the bill would have a de minimis impact of property tax collections because the
homeowner’s exemption would be going on and off the rolls, as necessary.
Contact:
Representative Ned Burns
Representative Jeff Ehlers
Representative Jason A. Monks
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/15/2024, 8:52 AM


Statutes affected:
Bill Text: 63-502, 63-511, 63-903