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Deadline for property tax relief programs
near
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| March 31, 2011 |
Assessor David Ryals would like to remind
Boundary County property owners that the April
15 filing deadline is fast approaching for
certain property tax relief programs.
That Friday is the filing deadline for receiving
the homeowner’s exemption on this year’s
property tax bill. This exemption reduces the
taxable value of your owner-occupied residence
plus up to one acre of home site by 50-percent
up to a maximum of $94,020. You only need to
apply once, as it remains in effect for as long
as you continue to own your home and occupy the
residence.
Applications for the homeowner exemption cannot
be accepted after April 15 unless your residence
is newly constructed and first occupied after
that date.
April 15 is also the deadline to file for the
circuit breaker exemption, which must be renewed
each year. This is a state-funded property tax
relief program that pays all or a portion of the
property tax for property owners age 65 or
older, those who are widowed or disabled or who
are under 18 years of age and fatherless,
motherless or abandoned. The amount the state
pays toward your property tax depends on your
net income, and is currently set at a maximum of
$28,000, but it does not pay applied fees such
as solid waste or translator.
Additionally, there is a state-funded program
that may allow you to defer a portion of your
property tax, and again, the deadline for
applying is April 15.
This deferment program is also income-based, but
has a few more strings attached.
These programs are designed to provide property
tax relief to qualified applicants, but they can
be complicated. Please call the Assessor’s
Office at (208) 267-3301 if you have questions
or would like more information.
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