Property taxes can be one of the biggest ongoing expenses for retirees living on fixed incomes. Fortunately, Idaho offers a Property Tax Reduction Program, often called the “Circuit Breaker” program, that can reduce qualifying homeowners’ property taxes by as much as $1,500 on their primary residence and up to one acre of land. Yet every year, many eligible seniors either miss the application deadline or mistakenly believe they don’t qualify. Because the benefit is administered through county assessors but funded by the state, many homeowners mistakenly assume they’ll be notified automatically if they qualify, which generally isn’t the case. Here are six eligibility details that Idaho seniors frequently overlook.
