Property Tax Reduction Program

WHAT IS THE PROPERTY TAX REDUCTION PROGRAM?

Property Tax Reduction (commonly known as the Circuit Breaker) is a program that reduces property taxes for qualified applicants.  The amount of reduction is based on the total household income for the previous calendar year.

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.

Property tax reduction benefits will not reduce solid waste, irrigation, or other fees charged by government entities per Idaho Code 63-701.

When to Apply

You must apply for the PTR every year. It is not renewed annually like the homeowner’s exemption.  Applications are accepted only between January 1st and April 15th, but you should wait until you’ve received all of your income documents.  Even if you file an extension on your income taxes, the PTR application must be submitted by April 15th.  If you don’t have all your income information, bring in what you have to begin the application process.

**The cut off date may change from year to year depending on what day of the week April 15th falls on**

WHO QUALIFIES?

You may qualify for property tax reduction if you:

1. Owned and lived in a home or manufactured home in Idaho that was your primary residence before April 15, of the year you are applying (You may qualify if you lived in a care facility or nursing home.  Contact your county assessor for information.), and
2. Had income of $37,000 or less for 2024, and
3. Met one or more of the following status requirements as of January 1, 2024:

• Age 65 or older
• Widow(er)
• Blind
• Fatherless or motherless child under 18 years of age
• Former prisoner of war/hostage
• Veteran with a 10% or more service-connected disability or receiving a pension from Veterans Affairs (VA) for a non-service-connected disability
• Disabled as recognized by the Social Security Administration, Railroad Retirement Board, or Federal Civil Service.  If you’re not covered by the listed agencies, then disabled as recognized by a public employee retirement system.

Click here for additional information on the property tax reduction(“circuit breaker”) program.