Homeowner’s Exemption

What is it?

The homeowner’s exemption will exempt 50% of the value of your home and up to one acre of land (maximum: $125,000) from property tax.

Read more about Homeowner’s Exemption in Idaho Code 63-602G

Do I qualify?

To qualify, you must own and occupy your home as your primary residence before Dec. 31 and you must file an application with our office by Dec. 31 for the current tax year. There are no income or age qualifications, and homeowners can only exempt one home.

How do I apply?

To apply, submit a completed application by Dec. 31 to the Bannock County Assessor’s Office, 130 North 6th Avenue, Pocatello.

Request an application:

Phone: 208-236-7260
Office: 130 North 6th Avenue, Pocatello ID 83201

Do I need to apply again?

You only need to apply once. If approved, your exemption is good until any of the following happens:

• You move and the home is no longer your primary residence
• You no longer own the home
• The home’s ownership changes (e.g., you put the home in a trust; you start to share ownership with someone else)

How will I know I’ve been approved for an exemption?

When the application is approved, the exemption is permanent as long as one owns and occupies the property. If the property is sold, the new owner must file an application with the assessor’s office.

Notices of approval are not sent to homeowners; to verify that your exemption has been processed please review your annual assessment notice. If you believe there is an error pertaining to your exemption contact our office at (208) 236-7260.

Property Tax Reduction Program (“Circuit Breaker”)

ATTENTION: The Idaho legislature recently passed a property tax relief bill that expands the income requirements to $37,000 or less after deducting medical expenses.

What is it?

Qualified homeowners can reduce their property taxes from $250 to $1,500 by applying to the Property Tax Reduction Program, also known as the “circuit breaker.” This program is meant to help seniors, people with disabilities, and widowers alleviate their property taxes.

You can call the Bannock County Assessor’s Office at 208-236-7260 for help with your application anytime between 8 a.m.-5 p.m. Monday-Friday.

Circuit Breaker Application Instructions

View 2023 – Property Tax Reduction Income Brackets

What documents do I need to apply for the Circuit Breaker?

Medical Expense Statement

Trust Affidavit

Affidavit for Limited Partnership, LLC, or Corporation

Veterans Property Tax Reduction

The Veterans Property Tax Reduction benefit reduces property taxes for qualified 100% service-connected disabled veterans.

If you qualify, the property taxes on your home and up to one acre of land may be reduced by as much as $1,500. The program doesn’t have an income limit.

Once granted, a surviving spouse can use this benefit, but it isn’t transferable to a new property after the death of the qualifying veteran.

Note: The benefits won’t reduce solid waste, irrigation, or other fees charged by government entities.

Who qualifies

You may qualify for Veterans Property Tax Reduction in 2023 if both of these apply:

• You are recognized as a 100% service-connected disabled veteran or receive 100% compensation due to individual unemployability by the U.S. Department of Veterans Affairs as of January 1, 2023.
• You owned and lived in a home in Idaho that was your primary residence before April 15, 2023.
  • The property must have a current homeowner’s exemption.
  • The home can be a mobile home.

Note: You could qualify if you lived in a care facility or nursing home. Contact your county assessor’s office for information.

How to apply

1. Contact your county assessor for an application or download one here.
2. Get a current letter from the U.S. Department of Veterans Affairs confirming your 100% service-connected disability rating or your 100% compensation due to individual unemployability as of January 1, 2023.
3. Complete the application. The assessor’s office will help you. You must file the application with your assessor’s office between January 1 and April 18, 2023.

Property Tax Deferral

If you’re an Idaho homeowner, you might be eligible for the Idaho Property Tax Deferral (PTD) program. The program lets you postpone paying taxes on your home and up to one acre of land. 

• You must meet certain conditions of the property tax reduction (PTR) program.
• For the 2023 program, your income for 2022 can’t be more than $53,638.
• You must pay the taxes and interest at a later time.

**New this year, you can apply for the program online at tax.idaho.gov/proptaxrelief. You’ll need an email address. You also can get a paper application on the Tax Commission’s website at tax.idaho.gov or from your county assessor. Apply online or mail an application to your county assessor by September 5, 2023. Applicants must apply and qualify for this program every year.

The PTD brochure below has more information, including how to file. You can also contact your county assessor’s office or call us at (208) 334-7736.

•  2023 Property Tax Deferral Program
•  Application for Property Tax Deferral

Subsequent Roll

Certain properties are added to the Bannock County Assessor’s Subsequent Roll, or “Sub Roll.”

Notices for the 2022 subsequent roll were mailed early November.

The subsequent roll adds newly constructed structures (houses, outbuildings, etc.) that should have been on the Primary Roll for the entire year, but were not added in time for the Primary Roll assessment notices sent in June.

The subsequent roll also includes any parcels whose land value needs to be adjusted, typically due to purchasing land from a developer during the current tax year. In these cases, the developer qualified for a partial tax exemption during the initial development of the land. These partial tax exemptions typically expire upon the sale of the property.

The Bannock County Treasurer’s Office will mail a tax bill for properties on the subsequent roll in January 2023, with the first half due in February 2023.

You can call the Assessor’s Office at 208-236-7260 to speak to an appraiser concerning your value, or you can visit our office at 130 N 6th Avenue in Pocatello. The Assessor’s Office hours are from 8 a.m. to 5 p.m., Monday through Friday.

After speaking to an appraiser, if you would like to appeal this value, you may file an appeal with the Bannock County Board of Equalization on or before November 28, 2022. For more information about how to appeal, please visit bannockcounty.us/property-tax-hub or call the Commissioners’ Office at 208-236-7210.