Property taxes due for Idaho homeowners on Dec. 20 – East Idaho News

Boise (idaho capital sun) — The deadline to pay property taxes for homeowners in Idaho is December 20th.

under idaho state lawProperty taxes can be paid in full or in installments. If you pay in two installments, the first half of your property taxes will be paid by December 20th, and if the first half is paid in full, the grace period will be extended to June 20th, and the second half will be paid without interest or penalties. be exposed.

If the first half of a property tax bill is not paid in full by Dec. 20, late fees and interest will be assessed based on the unpaid balance, according to the Ada County Treasurer's Office.

Many homeowners with a mortgage automatically pay their property taxes through their regular mortgage payments. If homeowners are unsure how to pay their property taxes, they can contact their mortgage company or local county treasurer's office.

Many Idaho homeowners are receiving their property tax bills this week, as county treasurers are required to mail them by the fourth Monday in November.

Idaho House Bill 292 provides property tax relief credit

The Idaho Legislature reduced property taxes in the following ways: House Bill 292lawmakers passed during the 2023 legislative session. Under the bill, owner-occupied homeowners who received a homeowner's exemption by the July deadline would automatically receive a credit on their property tax bill marked as the Homeowner's Property Tax Relief Credit. It will be. As part of House Bill 292, state budget surpluses would be used to reduce property taxes through a so-called surplus elimination program.

But when state officials went to reconcile the books for fiscal year 2024 in July, there were delays in reporting and reconciling challenges with Luma, the state's large IT, human resources, finance, procurement and business systems. The state does not specify the additional $14.5 million. The Idaho Capital Sun previously reported that the money would significantly increase revenue by the time it is due to be used for property tax cuts this year. As a result, the state has only $76 million in surplus funds this year for property tax relief, leaving about $91 million that would have been earmarked for tax relief.

Since the deadline has passed, the $14.5 million will be added to next year's potential budget surplus, state budget officials said.

In Ada County, homeowners can pay their property taxes by mail or online at the Ada County Courthouse (200 W. Front St.). adacounty.id.gov/Treasurer Or call us at 844-471-7324. Fees apply for online and telephone credit and debit card transactions.
Other Idaho homeowners should contact their local accounting firm to confirm payment options.